Shipbuilding News


CMA CGM Group Announces $20 Billion Investment in U.S.

Mar 06, 2025

CMA CGM Group has announced a $20 billion investment to contribute to U.S. maritime economy and support the transformation of America’s domestic supply chain over the next four years.The announcement builds on CMA CGM Group’s 35-year presence in the U…

Performance Shipping Inc. enters sale and leaseback agreement for tank vessels

Mar 06, 2025

Tanker owner Performance Shipping entered into a sale and leaseback agreement with an unaffiliated third party for a previously announced newbuild LR2 Aframax tanker vessel. This concludes the financing for all three newbuilding LNG-ready, scrubber…

Lindholm New CEO as Cruise Shipbuilding Major

Mar 06, 2025

Casimir Lindholm has been appointed CEO of Meyer Turku Oy as of May 2025. Lindholm is currently President and CEO of Cargotec Oyj, and he has a long professional career as CEO in different companies such as Eltel and Lemminkäinen.Lindholm succeed Tim Meyer…

Port of Tyne, Artemis Launch Fully Electric Foiling Pilot Boat

Feb 27, 2025

The Port of Tyne has purchased the UK’s first fully electric foiling pilot vessel, a significant milestone for the Port and the UK’s maritime sector. The vessel, scheduled to be delivered before the end of the year, will be used to transfer pilots onto the ships…

USTR Floats $1.5m Charge to Chinese-Built Ships Entering US Ports

Feb 24, 2025

The U.S. Trade Representative's office has proposed charging up to $1.5 million for Chinese-built vessels entering U.S. ports as part of its investigation into China's growing domination of the global shipbuilding, maritime and logistics sectors…

Electric Ferry Ampere Marks 10th Anniversary

Feb 17, 2025

Since entering service in 2015, the all-electric ferry MF Ampere has sailed the equivalent of 17 times around the equator on batteries alone.Despite a chorus of critics and skeptics in during the project, a decade later, Ampere continues to showcase the potential of electric technology…

MEGA MACHINES: Manson Prepares to Add “The Bionic Man” of Dredge Vessels

Feb 17, 2025

Manson Construction has long been a pillar of the U.S. maritime industry, rooted in a tradition of U.S.-built, U.S.-owned, and U.S.-operated vessels. The company was founded in 1905 by Peter Manson, when he dug up a jar of gold coins [because he didn’t trust the banks] and purchased a winch…

Eskola Named Executive Chair of Meyer Turku Oy Board

Feb 13, 2025

Meyer Turku Oy announced the appointment of Jaakko Eskola as the new Executive Chair of its Board of Directors.“With Jaakko Eskola, we engage a proven professional who has an international maritime background and is well-established in the Finnish industry…

Belships Reports Strong Q4, Expanding Fleet

Feb 11, 2025

Belships ASA, a leading shipowning company specializing in Ultramax vessels, reported solid financial results for the fourth quarter of 2024, showcasing the growth of its fleet and robust profitability amidst challenging market conditions.:Belships posted an EBITDA of $19…

ASRY Wins Repair Yard of the Year at Global ShipTek Awards

Feb 05, 2025

The Arab Shipbuilding and Repair Yard Company (ASRY) has been honored as the Repair Yard  of the Year at the ShipTek International Maritime Conference and Awards 2025, held in Dubai last week. The company surpassed numerous regional competitors…

Sanmar Secures Landmark Tug Contract with New Bulgarian Client

Feb 03, 2025

SANMAR signed a contract with PORT FLOT – BURGAS, one of Bulgaria’s leading towage companies, to build a multi-purpose tug to join its fleet, providing services in the Bay of Burgas.The new tugboat will be one of the Turkish tug-builder and…

Lake Victoria's First Ro/Ro Vessel Sets Sail

Jan 31, 2025

East Africa Marine Transport has taken a significant step towards creating a more sustainable and efficient logistics solution for Lake Victoria with the commissioning of M.V. MPUNGU, the lake’s first scheduled roll-on / roll-off freight vessel…

McQuilling Weighs in on 2025-2029 Tanker Outlook

Jan 31, 2025

McQuilling Services announced the release of its 28th anniversary edition, 2025-2029 Tanker Market Outlook.This 183-page report provides a detailed analysis of oil fundamentals, global economic and geopolitical context in addition to tanker demand and supply projections across eight vessel classes…

Germany: Heinrich Rönner and Lürssen Place Their Bids for FSG and Nobiskrug Shipyards

Jan 31, 2025

The future of the two insolvent German shipyards, Flensburger Schiffbau-Gesellschaft (FSG) and Nobiskrug, looks brighter as Lürssen Group moves to place a formal bid to take over the facilities of the Nobiskrug shipyard, while Heinrich Rönner Group agrees to buy the FSG…

HII Names Murphy as VP at Newport News Shipbuilding

Jan 30, 2025

HII announced today that Derek Murphy has been promoted to vice president of new construction aircraft carriers at its Newport News Shipbuilding division.In his new role, Murphy will have responsibility for all new construction aircraft carriers in production at the shipyard…

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