Singapore’s ASL Marine has reversed into the red in the quarter ended 31 March 2017 due mainly to one-off losses, compared to a profitable year-ago quarter.

Malaysia’s Nam Cheong has sank deeper into the red with a loss of MYR47.51m ($11m) in the first quarter compared to the deficit of MYR40.12m in the same period of last year.

China’s Cosco (Qidong) Shipyard has entered into a contract with a European buyer to build one floating storage regasification unit (FSRU) module.

China’s white list of 70 shipyards is set for a round of reshuffling with 20 names being asked to provide updates on their operating status and changes in corporate identities, according to the Ministry of Industry and Information Technology (MIIT).

Keppel Offshore & Marine (Keppel O&M) US unit Keppel AmFELS has won a contract for two LNG-fuelled container vessels from US domestic line Pasha Hawaii.

China’s Chengxi Shipyard has on Thursday landed an order to build four 81,200-dwt bulk carriers for Korea Shipping Corporation.

Taiwan Navigation has ordered two ultramax bulk carriers at a total price of $51m from Japan’s Oshima Shipbuilding.

China Shipbuilding Industry Corp (CSIC) has secured RMB11.3bn ($1.64bn) worth of credit facilities from compatriot China Everbright Bank.

China Shipbuilding Industry Corp (CSIC) has improved its first quarter financial results on the back of higher production and cost savings yielded from the merging of its subsidiary yards.

China State Shipbuilding Corporation (CSSC) has reported a loss for the first quarter ended 31 March 2017 due to the protracted downturn of the shipbuilding industry.

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