A pair of eco-friendly ultramax bulk carriers, Asian Summit and Asian Prominence, have joined U-Ming Marine Transport Corporation’s fleet following a christening and delivery ceremony held on Tuesday at Japan’s Oshima Shipbuilding yard.

Germany’s Oldendorff Carriers is converting an 11-year-old bulker into a transloader at China’s Chengxi Shipyard for transhipment operations in the Arabian Gulf.

CIMC Enric Holdings has increased its provisions for asset impairment over the botched acquisition of Sinopacific Offshore & Engineering (SOE), and warned of a loss for 2016.

Cosco Guangdong Shipyard has bagged an order for three containerships for a European owner.

Shanghai Bluesoul Environmental Technology and Shanghai Huarun Dadong Dockyard (HRDD) have entered into a partnership for the marketing and installation of exhaust gas cleaning systems for ships.

Sembcorp Marine (Sembmarine) is set to close down two of its existing yards this year as it opens phase two of its integrated mega-yard.

Singapore-based rig repairer Kim Heng Offshore & Marine has alerted investors of a bigger net loss in 2016 compared to the previous financial year.

Titan Petrochemicals has formed a marine and engineering services-focussed shipyard joint venture in Shanghai with three other Chinese companies, it said in a stock market announcement.

A christening and delivery ceremony for U-Ming’s pair of new 188,000-dwt capesize bulkers took place at Shanghai Waigaoqiao Shipbuilding (SWS) in China earlier this week.

Grand Bahama Shipyard Ltd (GBSL) enjoyed a busy year in 2016 with 49 commercial vessels in its docks for repairs and other works.

Page 8 of 26