Chinese shipbuilder Yangzijiang Shipbuilding has diversified into terminal ownership after it acquired a 55% equity interest in Odfjell Terminals (Jiangyin) Company for approximately $46.23m.
NYK Line has approached compatriot Japan Marine United Corporation (JMU) to construct a next-generation, scrubber-fitted bulk carrier on the back of a long term charter contract with JFE Steel Corporation.
Samsung Heavy Industries (SHI) has completed the construction of the world’s largest containership at 23,000-teu for Mediterranean Shipping Company (MSC).
Hyundai Mipo Dockyard (HMD) has bagged an order to build two new product tankers worth a total of KRW87.9bn ($76m) for an unnamed European shipowner.
Luxembourg-headquartered Jan De Nul Group has booked an offshore jackup installation vessel at China’s Cosco Shipping Heavy Industry.
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.