South Korean shipowner Polaris Shipping recently said it has signed a newbuilding contract for four tri-fuel vessels with Chinese shipbuilder Qingdao Beihai Shipbuilding Heavy Industry on 4 August.

The 210,000-dwt Newcastlemax bulk carriers, which will be delivered sequentially from 2031, will be equipped with WinGD-developed engines capable of using methanol, ethanol and heavy fuel oil as marine fuels.

The vessels are also designed as LNG- and ammonia-ready ships, allowing them to be converted to LNG or ammonia propulsion in the future.

Polaris Shipping also plans to significantly improve energy efficiency and reduce greenhouse gas emissions by applying various energy-saving technologies, including wind-assist propulsion systems, rotor sails, departure optimisation and land-based systems, to the vessels.

Polaris Shipping has completed a 25-year long-term charter contract for the bulk carriers with Brazilian iron ore producer Vale.

Polaris Shipping plans to sign construction contracts for up to four additional 210,000-dwt eco-friendly Newcastlemax bulk carriers with Chinese shipbuilder Hengli Heavy Industries in the near future. The Newcastlemax bulk carriers ordered from Hengli will be built as high-efficiency, environmentally friendly vessels to replace the company’s existing older bulk carriers.

Photo credit: Polaris Shipping
Published: 13 August, 2026

Tanker shipping company Somtrans on Saturday (8 August) said its new 20,000 m³ LNG bunkering barge has successfully been launched at China’s Nantong CIMC Sinopacific Offshore & Engineering Co Ltd (CIMC SOE).

The company said the barge is now one step closer to joining its fleet in January next year and beginning its journey at sea.

“From the first plans to seeing the barge enter the water, this project has involved years of expertise, teamwork and dedication from many people,” it said in a social media post. 

Separately, RensenDriessen Shipbuilding, which acted as a broker in the project, said the vessel was built by CIMC SOE, with newbuilding supervision carried out by EXMAR.  

Photo credit: Somtrans
Published: 11 August, 2026

COSCO Shipping on Thursday (6 August) said a methanol-ready 80,000 DWT multi-purpose grain carrier, GUO LIANG HAI, has officially been delivered and entered service.

At nearly 230 metres in length, Guo Liang Hai is equipped with a smart management system, low-carbon design features and a methanol-ready fuel interface, supporting future energy transition pathways.

“As the sixth vessel in its series, she is part of the world’s first 80,000 DWT vessel class specifically designed for grain transportation. But grain is only part of the story,” the company said in a social media post. 

The company said the vessel combines the efficiency of a bulk carrier with the flexibility of a multi-purpose ship. 

In addition to commodities such as soybeans, maize and wheat, it can also transport grain and dry bulk cargo, containers, wind power equipment, rolling stock and rail equipment, new energy vehicles and large-scale industrial machinery.

“Already deployed on routes between South America and China, vessels in this series create value in both directions, carrying agricultural imports while supporting exports of Chinese-made equipment and technology,” the company added.

Photo credit: COSCO Shipping
Published: 7 August, 2026