China Shipbuilding Industry Co., Ltd (CSIC) is accelerating its internal asset consolidation and is merging two subsidiaries Dalian Shipbuilding Industry (DSIC) and Bohai Shipbuilding Industry. 

China Huarong Energy Company Limited, formerly known as Rongsheng Heavy Industries, announced that the company had completed the disposal of shipbuilding and engineering businesses.

Chinese state-owned Shanghai Waigaoqiao Shipbuilding (SWS) has officially launched its offshore engineering arm, Waigaoqiao Qingdong Offshore Engineering Company, located at Qidong ship industrial park, Jiangsu. 

The state-owned China Shipbuilding Industry Corporation (CSIC) set-up a Middle East Gulf area representative office in Dubai. It is the first overseas representative office the Group has established.

Taiwan’s carrier Wan Hai Lines has announced to the stock exchange that it will not proceed to exercise options for four feeder boxships at China’s Guangzhou Wenchong Shipyard/China Shipbuilding Trading Company.

Tsakos Energy Navigation (TEN) has booked two new suezmax tankers on the back of a long term time charter deal.

LNG carrier newbuilding prices are expected to rise on the back of the merger of Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME), according to GasLog ceo Paul Wogan.

The new $5.2bn mega shipyard complex being developed by International Maritime Industries (IMI) hosted a Q&A session for potential supply chain partners at the Seatrade Maritime Middle East event in Dubai in the last week of October 2018.

Oman Shipping Company (OSC) is eying an ambitious fleet expansion plan after it ordered two eco-friendly newbuild VLCC at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME).

China Merchants Industry Holdings (CMIH) has signed agreement with Sinotrans-CSC China Changjiang National Shipping Group to take over Nanjing Jinling Shipyard and Wuhu Jiangdong Shipyard from the start of 2019.

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