Ship conversion involves modifying or reconstructing an existing ship to extend its productive life or adapt it to different roles and missions. Some common ship conversion activities include retrofitting existing vessels for new purposes like converting container vessels or tankers into floating production storage and offloading (FPSO) units, cruise ships, dredgers, and non-military marine research/survey vessels. Ship conversion helps ship owners and operators maximize returns on their ... Read more

Ship conversion involves modifying an existing ship or vessel for new purposes other than its original design intent. Some common ship conversion activities include modifying ship dimensions, engine/power upgrades, cargo holds reconfiguration, passenger cabins addition, and platform supply vessel conversion. Ships are often converted to extend their useful life or adapt them for new roles. For example,Container ships and general cargo ships are frequently converted into bulk carriers to ... Read more

The shipping industry has seen tremendous changes over the past few decades. Economic and environmental factors have necessitated ship owners to think creatively about converting their existing vessels for new purposes rather than deploying new builds. Ship conversion has thus emerged as a viable option that offers environmental and cost benefits.

Changing Market Dynamics Drive Need for Conversions

The shipping industry is heavily influenced by global trade trends ... Read more