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CSSC Reports “Extraordinary Year” With 209 Newbuild Deliveries

Image Credit: Maritime Executive Repost: China State Shipbuilding Corporation (CSSC) is wrapping up 2022 highlighting its successes at both growing its volume of new ships delivered during the year as well as growing its backlog despite global challenges. The company says based on preliminary statistics for the year that its …

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Marine Online: The number of existing oil tankers changing hands soars

SINGAPORE, Dec. 15, 2022 /PRNewswire/ — Zhoushan, China-based ship owner Zhejiang Guanghui Marine Shipping Co., Ltd. recently sold a 9-year-old 7,000 DWT product oil tanker to an anonymous buyer from Singapore for US$7.19 million, far higher than the market valuation in the mid-2022, a successful deal made possible with the …

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China Builds Largest LNG Bunker Vessel by Converting Gas Carrier

Image Credit: The Maritime Executive Repost: China completed the first conversion project of an LNG gas carrier into an LNG bunker vessel. The Hai Yang Shi You 301 (16,250 dwt) becomes according to Chinese media reports the largest LNG bunkering vessel and the first in China to support the broader international ocean-going …

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Maersk order boosts MAN methanol engines count

Image Credit: Seatrade Maritime News Repost: Hyundai Heavy Industry has ordered six of MAN B&W’s G95ME-C10.5-LGIM dual-fuel main engines for Maersk’s latest containership order. The engines are destined for the six 17,000 teu container vessels Maersk ordered at Hyundai Heavy Industries earlier this month and will be capable of running …

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Hyundai Heavy Industries Goes All-In for Big Data With Palantir

Image Credit: The Maritime Executive Repost: Hyundai Heavy Industries’ holding company KSOE has decided to go all the way with an enterprise resource planning (ERP) platform-of-platforms, Palantir Foundry. Palantir’s commercial product is designed to take all data from company sources, all analytical / AI modeling from company analysts, all input …

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Shipowners choose Svanehøj pumps for LNG-fuelled car carriers

Image Credit: Seatrade Maritime News Repost: The number of LNG-fuelled car carriers across the globe will increase tenfold in the coming years, and shipowners are increasingly turning to Svanehøj’s patented deepwell fuel pumps. Robustness of design, reliability, and long service intervals are the main reasons. In recent years, car manufacturers …

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DSME Fights $975M Compensation Claim from Japanese Energy Company

Image Credit: The Maritime Executive Repost: Troubles are continuing to mount for South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering. In the last development, the company reported in a stock exchange filing that it is facing a legal dispute with Japan’s INPEX. The energy company has filed a claim for …

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EPS Takes Delivery of First LNG Dual-Fuel Suezmax Tanker

Image Credits: The Maritime Executive Repost: China’s Guangzhou Shipyard recently completed the delivery of the 158,000 dwt tanker Greenway to Singapore-based Eastern Pacific Shipping, marking several important milestones in the efforts to deploy next-generation greener vessels. According to the shipyard, the vessel, which is the first Suezmax built by Guangzhou, is also …

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Operations in China’s shipyards significantly slower

The lockdowns have devastated shipyards, and increased activity were observed outside of the country The current situation in China resulted in shipowners preferring secondhand vessels. Allied Shipbroking in their latest findings revealed Shanghai’s lockdown resulted in vessel maintenance works flowing outside of the republic. More activity outside of China It …

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