Hyundai Global Services (HGS), the marine services spin-off of Hyundai Heavy Industries, and KSS Line, a shipping company based in Korea, have signed a memorandum of understanding to collaborate on the retrofit of the latter’s medium-sized LPG carriers with an exhaust gas cleaning system.

HGS aims to enter the eco-friendly ship business through the collaboration.

Norway-based ship-building company Ulstein has signed a deal to build a plug-in hybrid vessel named Color Hybrid for Color Line.

The new vessel will be 160m-long and 27.1m-wide, and will accommodate up to 2,000 passengers, 100 crew and 500 cars.

Color Hybrid is expected to enter service in 2019, and will be the world’s biggest plug-in hybrid vessel. It will operate between Sandefjord and Strömstad in Norway.

"Italian shipbuilder Fincantieri has received an order from Norwegian Cruise Line Holdings (NCL) to build four 140,000t next-generation ships to be delivered between 2022 and 2025."

Italian shipbuilder Fincantieri has received an order from Norwegian Cruise Line Holdings (NCL) to build four 140,000t next-generation ships to be delivered between 2022 and 2025, along with an option to construct two more vessels for delivery in 2026 and 2027 respectively.

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The new vessels will be based on the design of the Breakaway-Plus Class ship owned by NCL.

Hyundai Merchant Marine is set to buy stake in two terminals located in Japan and Taiwan from Hanjin Pacific, which is a company owned by Hanjin Shipping (60%) and MTIL (40%).

The deal is valued at KRW15bn ($13.15m).