Wilson Sons shipyard subsidiary Wilson Sons Estaleiros, in Brazil has inked a contract to construct two azimuth tugboats for Saam Smit Towage do Brasil (Saam Smit).

Struggling South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has inked an order for up to 10 VLCCs from Hyundai Merchant Marine (HMM).

Hyundai Heavy Industries (HHI) Group is to invest $1.8bn in shipbuilding related R&D including the development of smart ships and setting up a smart shipyard.

Greek shipowners are throwing their considerable weight behind the efforts of home marine equipment makers to be included on “makers lists” of shipbuilders in Asia and Europe.

Indonesian shipbuilders once again renewed calls for state-owned enterprises (SOEs) to buy local ships, local media reported.

Golden Ocean has delayed the delivery of 10 newbuildings and agreed price cuts of $15.3m in total.

Pan Ocean has made an order to construct five woodpulp carriers at a total price of KRW165.5bn ($146.1m) after having secured a long term transportation contract with Brazil’s Fibria.

China’s state-owned entities China Cosco Shipping Corporation Limited (Cosco Shipping) and China Baowu Steel Group have inked a comprehensive strategic cooperation.

In a year of consolidation the biggest and most complex was the merger of Chinese shipping giants Cosco and China Shipping. The deal spanned almost every aspect of the shipping and maritime industries including dry bulk, containers, tankers, LNG, shipyards, ports, specialised vessels, leasing and finance, insurance, and shipping services.

Diana Shipping has received a full refund guarantee for a cancelled newbuilding at Yangzhou Dayang Shipbuilding.

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