Maritime Propulsion Power the maritime industry

Shipbuilding

Shipbuilders Struggle in Challenging Market

Shipyards in the major exporting regions all report significant year-on-year drops in new contracting activity. For new-buildings there is no doubt that the market continues to remain challenging, particularly for the…

Shipbuilding

Korean Shipbuilders Vexed by Cancelled Orders

Some owners are cancelling as they lack funds to complete the purchase of the ship. Many of the orders are being cancelled after the ships have been built, as the buyers find they can't pay for the product amid worsening…

Shipbuilding

Keppel to Sign Golar LNG Conversion Contract

Keppel Shipyard enters into a term sheet agreement with Golar LNG regarding the conversion of three LNG vessels. Keppel Shipyard Ltd (Keppel Shipyard) has entered into a term sheet agreement with Golar LNG Ltd (Golar…