After a four-year hiatus in exports, Western Marine Shipyard, one of the country’s leading shipbuilders, is set to export at least eight ships to a company in the UAE. This will also mark the first ship exports from Bangladesh after a two-year gap. The last ship...

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Mitsui O.S.K. Lines, Ltd. announced that it has decided to introduce a special incentive program to provide group employees with opportunities to acquire the company’s shares. This is aimed at enhancing MOL Group employees’ sense of participation in management and...

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A high-level Indian delegation visited HD Hyundai Heavy Industries (HD HHI)’ shipyard in Ulsan, South Korea, on Dec. 3, marking a significant step in fostering bilateral cooperation in shipbuilding. The delegation, coined the “Indian Shipbuilding Delegation,”...

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A Norwegian shipping company on Friday rejected an accusation from Dmitry Medvedev, deputy chairman of Russia’s Security Council, that it refused to rescue sailors from a sinking Russian cargo ship in the Mediterranean Sea. Medvedev earlier on Friday had accused the...

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Concerns are growing that global maritime traffic will decrease due to tariff barriers and heightened protectionism based on America First when Donald Trump’s second administration begins early next year. National shipping companies in South Korea are calling on the...

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Samsung Heavy Industries is a super-sized ethanol carrier (VLEC) worth 742.2 billion won with ship owners in Asia. It announced on the 26th that it has signed a construction contract for three ships. Ships will be delivered to ship owners sequentially by December...

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