The South Korean Hanwha Group, formerly Daewoo Shipbuilding and Marine Engineering, has agreed to acquire the major US shipbuilding and repair company Philly Shipyard. The takeover will be for USD 100 million in cash.

Under the deal, which is…

The perils of buying an ageing cruise ship for conversion into a residential vessel can be somewhat fraught, as US newcomer Villa Vie Residences is finding out with its first vessel, Villa Vie Odyssey, currently undergoing conversion in dry-dock at…

Cruise Saudi’s recently established cruise line, Aroya Cruises, is set to start operation in mid-December this year from the Red Sea port of Jeddah. The company’s first vessel, currently named Manara, has arrived in Rotterdam to start a major…

Germany’s Strela Shiprepair, based in the Baltic port of Stralsund, is set for another successful year in 2024, having repaired a total of 23 vessels in the first six months of this year. The latest successfully completed job was the dry-docking and…