UK-based engineering company Rolls-Royce has revealed a radical overhaul of its vessel design philosophy in an effort to optimise construction and operations without reducing the use of space on board.

Hong Kong-based containership manager and owner Seaspan Corporation has taken delivery of YM Wind, a 14,000 TEU newbuilding, from Taiwanese CSBC Corporation.

Singapore-based Keppel Singmarine has secured a contract worth a total of SGD 103 million (USD 74.2 million) to build two small-scale LNG carrier vessels for Stolt-Nielsen Gas B.V., a subsidiary of Stolt-Nielsen Limited.

Honolulu-based shipowner Pasha Hawaii has ordered two new liquefied natural gas (LNG) fueled containerships from Keppel AmFELS, a subsidiary of Keppel Offshore & Marine (Keppel O&M).

Korean shipping major Korea Line Corporation (KLC) has placed USD 487 million worth of orders for four bulk carriers and two liquefied natural gas (LNG) carriers.

Dutch coastal shipping company Thun Tankers, part of the Gothia Tanker Alliance, has contracted four 17,500 dwt IMO II product/chemical tankers to be built at China’s Avic Dingheng Shipbuilding.

South Korean shipbuilder Hyundai Heavy Industries (HHI) reported USD 2.04 billion-worth of newbuilding orders in the first quarter of 2017, up by 22.9 percent when compared to the corresponding figures from last year.

Finland’s technology group Wärtsilä and COSCO Shipping Heavy Industry Co (CHI) have joined forces in the development of a natural gas operating fleet concept, a design which has now received Lloyd’s Register’s (LR) Approval in Principle (AiP) certificate.

Italian shipbuilding company Fincantieri signed on Wednesday the Heads of Terms for the acquisition of shares in STX France with the French State, represented by the Agence des Participations de l’Etat (APE).

Finland-based ferry company Viking Line signed a conditional shipbuilding contract with China’s Xiamen Shipbuilding Industry for a new passenger cruise ship, with an option for an additional vessel.