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The US Maritime Administration (MARAD) has teamed up with CORE POWER in an agreement to accelerate a US-flagged fleet of nuclear-powered merchant ships. The memorandum of cooperation brings MARAD and the UK-founded nuclear technology company together to work through obstacles that have kept nuclear propulsion confined to naval vessels. CORE POWER is targeting first construction …
Turkish gas shipowner PascoGas has been linked to another major newbuilding move at HD Hyundai, with four LPG carriers contracted in a KRW515.4bn ($370m) deal. HD Hyundai Heavy Industries disclosed the order on Monday, identifying the customer only as an Oceania-based shipping company. The ships are scheduled for delivery by March 31, 2030. Shipbuilding sources …
Hanwha is pushing deeper into the American LNG value chain, establishing a new US company that will combine procurement, trading and logistics with the Korean conglomerate’s rapidly expanding shipping and shipbuilding businesses. Hanwha Aerospace announced today the creation of Hanwha Horizon USA, which will serve as the control tower for its global LNG operations. James …
Topic, TSUNEISHI SHIPBUILDING and OceanWings today announced the successful completion of OceanWings rigid wingsail installation aboard the Ultramax bulk carrier MARIA TOPIC. Retrofitted at TSUNEISHI SHIPBUILDING in Japan, the vessel now returns to commercial service, marking a major milestone in OceanWings’ commercial deployment and in the adoption of wind-assisted propulsion for merchant shipping. The successful ...
