Cosco Shipping Specialized Carriers has exercised its options at Dalian Cosco Shipping Heavy Industry to build four multi-purpose pulp carriers.
Oldendorff Carriers has celebrated the delivery of five eco-newbuildings – four of which were handed over to the shipowner on the same day.
Dalian Shipbuilding Industry Co. (DSIC) has inked a contract with China’s leading finance leasing company, AVIC International Leasing, to build ten 85,000 dwt bulk carriers.
UAE-headquartered shipyard Lamprell is set to build the first two jack-up rigs for Saudi mega-yard International Maritime Industries (IMI).
Commodities trading house Trafigura has named the first two of some 35 newbuildings being built at yards in South Korea and China.
Despite record levels of tanker recycling in the early months of the year, tanker analysts and brokers are increasingly concerned about continuing tonnage oversupply, particularly in the VLCC sector where a series of new contracts have been placed recently with more to follow.
Singapore rigbuilder Keppel FELs has inked an agreement with aggressively expanding Borr Drilling to sell five jack-up rig newbuild resales for $745m.