Ship Repair News

South Korea's state-run Korea Development Bank plans to sell its shares in Hanwha Ocean, Maeil Business Newspaper reported on Monday.KDB plans to split its 19.5% shares in the shipbuilder into multiple block sales, after a bookbuilding from Monday, the newspaper reported, without citing clear sources.KDB was unavailable for comment after business hours.KDB is the second-largest shareholder in Hanwha Ocean, after Hanwha Aerospace, which owns a 30.4% stake, according to LSEG data.The shipbuilder…

On April 17, 2025, the Office of the US Trade Representative (“USTR”) published a notice of action (the “USTR Notice”) implementing its port fee proposal, first announced on February 21, 2025. The rules differ substantially from the February proposal (summarized here). The calculation of the fees has changed to a net tonnage-based fee (or for certain vessels, based on containers discharged or Car Equivalent Units). Several points have been clarified. Specialized rules apply to LNG transportation and vehicle carriers, including fees and restrictions on non-Chinese vessels.

The Office of the United States Trade Representative (“USTR”) issued a detailed notice on April 17, 2025, regarding actions and proposed actions in response to China's alleged targeting of the maritime, logistics, and shipbuilding sectors for dominance. The measures, USTR argues, will “disincentivize the use of Chinese shipping and Chinese-built ships, thereby providing leverage on China to change its acts, policies, and practices, and send a critically needed demand signal for U.S.-built ships.” Below, we break down the key elements of the notice and their potential impacts.

In a landmark event, a reconstructed 5th-century wooden stitched ship was launched into the waters of the Mandovi River in Goa. This endeavor, a collaborative effort between the Ministry of Culture, the Indian Navy, and Hodi Innovations Pvt. Ltd., is a step in reviving India's ancient maritime traditions. Indian Register of Shipping (IRS) has been instrumental in this project, ensuring that while the vessel retains its historical design, it also meets contemporary safety and design standards.

South Korea's trade and industry minister Ahn Duk-geun said on Wednesday that potential cooperation with Washington in the shipbuilding sector is a "very important card" in negotiating with the U.S. over its tariffs.U.S. President Donald Trump spoke to South Korean interim leader Han Duck-soo late on Tuesday to discuss shipbuilding and potential energy deals in what Trump labelled a "great call", a day before a 25% tariff on its Asian ally was due to kick in."Since President Trump and the Trump administration are showing great interest in shipbuilding cooperation…

ZIM Integrated Shipping Services Ltd. announced new agreements for the long-term charter of ten 11,500 TEU liquefied natural gas (LNG) dual-fuel container vessels, with total charter hire consideration of approximately $2.3 billion to serve across ZIM's various global trades.Seven of the vessels will be chartered to ZIM by Containers Ventures Holdings Inc., an affiliate of the TMS Group, and three will be chartered to ZIM by a shipping company that is affiliated with Kenon Holdings, Ltd., which was ZIM's largest shareholder until the end of 2024.

The bipartisan, bicameral bill will fuel U.S. economy, strengthen national security by responding to China’s threat over the oceans. Currently, the number of U.S.-flagged vessels in international commerce is 80; China has 5,500.Today, Senator Mark Kelly (D-AZ), Senator Todd Young (R-IN), Representative John Garamendi (D-CA-8), and Representative Trent Kelly (R-MS-1) introduced the Shipbuilding and Harbor Infrastructure for Prosperity and Security (SHIPS) for America Act, comprehensive legislation to revitalize the United States shipbuilding and commercial maritime industries. After decades of neglect, the United States has a weakened shipbuilding capacity, a declining commercial shipping fleet that is dwarfed by China, and a diminished ability to supply the U.S. military during wartime.

Eastern Shipbuilding Group (ESG) reached an exciting milestone today, initiating steel cutting for the first of four advanced escort tugs for Saltchuk Marine at its Allanton Facility. Attending the ceremony were key members of Saltchuk's leadership team. These high-performance vessels are scheduled for delivery in 2026."Our team is excited to begin construction on these state-of-the-art escort tugs for Saltchuk," said Joey D’Isernia, Chairman and CEO of Eastern Shipbuilding Group, Inc.

New vessel’s performance exceeds efficiency expectations, says Damen.Recently, the first in series Damen Shrimp Trawler 2607 successfully completed its sea trials in the Port of Hamriya, UAE. Damen has designed the new vessel for the next generation of (sub) tropical shrimp fishing. The design aims at the provision of a straightforward, no-nonsense platform, easy to operate and with minimal maintenance requirements. The Shrimp Trawler 2607 has an extremely low fuel consumption…

Hapag-Lloyd has ordered 24 new container ships from two Chinese shipyards with a combined investment volume of about $4 billion, it said on Wednesday.Twelve ships, each with a capacity of 16,800 TEUs (twenty-foot equivalent units), will be built by Yangzijiang Shipbuilding Group, while the other 12, with a capacity of 9,200 TEU each, will come from New Times Shipbuilding Company Ltd.According to Hapag-Lloyd, the ships, which will be delivered between 2027 and 2029, will feature liquefied gas dual-fuel engines, which are very fuel-efficient, and be ammonia-ready.A long-term financing of $3 billion has already been committed to what Hapag…

The International Association of Classification Societies (IACS) has launched a new recommendation, 177, to enhance the quality of machinery piping systems in shipbuilding.Piping systems convey different fluids at various temperatures and pressures to all parts of the ship, including to nearly every enclosed space on a vessel. As such, and because these systems are a means through which many of a ship’s control systems operate, it is crucial that these systems are designed to…

Bollinger Shipyards has begun fabrication at its newly acquired Mississippi repair facility, Bollinger Mississippi Repair, in preparation to refit the National Oceanic and Atmospheric Administration (“NOAA”) Ship Ronald H. Brown, the largest ship in NOAA’s fleet. The overhaul is expected to extend the vessel's life, first launched in 1996, by an additional 15 years. Work is scheduled to be completed by the summer of 2024.“Here on the Gulf Coast, we’re intimately familiar with the breadth and importance of NOAA’s mission…

Finnish shipbuilding company Meyer Turku Oy (known as the Turku shipyard) announced that the supply orders of the shipyard got almost doubled in two years."The value of supply orders to the shipyard has grown very strongly. It has almost doubled in two years (+ 84 %). The value of the supply orders was approximately EUR 933 million in 2018 when the corresponding figure in 2016 was approximately EUR 508 million," said a press release from the shipbuilder located in Turku, Finland Proper.The value of domestic supply orders of Meyer Turku increased by 64 percent to approximately EUR 638 million at the time in question. Correspondingly, the value of foreign supply orders increased by 150 percent to approximately EUR 295 million."Our order books extend for the moment to the year 2025…

South Korean shipbuilder Hyundai Heavy Industries (HHI) Group, which includes the world's largest shipyard, aims for a revenue of USD 15.9 billion in 2020.Yonhap News Agency said the combined target of Hyundai Heavy Industries Co., Hyundai Samho Heavy Industries Co. and Hyundai Mipo Dockyard Co. remains unchanged from last year’s goal.HHI said it aims to bag $8 billion worth of deals in 2020, according to the report.Hyundai Mipo Dockyard said in a regulatory filing that it aims to clinch deals worth $3.65 billion this year.In 2019, Hyundai Mipo Dockyard won orders worth $2.7 billion, achieving 76 percent of its annual order target of $3.53 billion.Hyundai Samho Heavy Industries said it aims to secure orders worth $4.25 billion this year.

Diverse and conveniently located, St. Johns Ship Building has quickly developed into a reliable partner for its many repeat customers. Today, and as a direct result, a lot more people know exactly where Palatka, Florida is located.On the St Johns River, just 60 miles south of Jacksonville, lies the sleepy town of Palatka, Florida. Founded as a trading post in 1821, its location on the highly navigable river made the area attractive to orange growers and timber men alike.In its heyday between 1875 and 1900…