Chinese shipyards saw newbuilding orders plunged in the first four months of this year on the back of an overall weak international shipping market and declining new orders globally, according to the China Association of the National Shipbuilding Industry (Cansi).
Singapore’s shipyard group Sembcorp Marine is expecting its production activity to remain low amid an improving offshore market due to stiff competition and potentially lengthy time needed to secure new orders.
Hyundai Heavy Industries (HHI) has made a profit in the first quarter of 2019, reversing from its loss position in the year-ago period.
Singapore Technologies Engineering (ST Engineering) has clinched a contract from the US Department of the Navy to build an icebreaker vessel worth approximately $746m.
Dubai-based Tristar Group has ordered six newbuild 25,000-dwt oil and chemical tanks at Hyundai Mipo Dockyard on the back of long term charters with oil major Shell.
Hyundai Heavy Industries (HHI) has announced on Sunday an order win for a 174,000-cu m LNG carrier, bringing its recent newbuilding orders to a total value of KRW700bn ($630m).
CMA CGM has approached China State Shipbuilding Corp (CSSC) to build ten new 15,000-teu containerships, including five LNG-powered and five fitted with hybrid scrubbers.
China’s Ningbo Xinle Shipbuilding Group announced that the company has signed a contract with M.E.Marittima Emiliana SPA to build two 4,500 dwt chemical tankers.
Taiwan Navigation has placed an order for two new 80,000-dwt bulk carriers at Japan’s Namura Shipbuilding.
Hyundai Heavy Industries (HHI) signed a definitive agreement last Friday to acquire Daewoo Shipbuilding & Marine Engineering (DSME), supported by DSME’s main creditor Korea Development Bank (KDB).