Hong Kong: China Rongsheng Heavy Industries has won two jack-up rigs engineering, procurement, and construction (EPC) contracts worth more than $360m, marking the first jack-up rig orders received by the group.

Tokyo: Japanese shipyards Mitsubishi Heavy Industries (MHI) and Imabari Shipbuilding have established a joint venture MI LNG Company to handle the design and marketing of LNG carriers.

Singapore: Chinese shipyards are offering “crazy payment terms” to try and break into the rigbuilding sector according to a senior executive from Keppel Offshore and Marine (Keppel O&M).

Much hyped eco-ship designs have been lambasted by Precious Shipping boss Khalid Hashim as nothing more than a marketing ploy by desperate shipyards. Speaking at a ceo roundtable held by Seatrade and the Singapore Maritime Foundation (SMF) ahead of Sea Asia 2013 in April, Hashim was blunt in his views that eco-ships were merely hype.


Kaohsiung: Taiwan's state shipbuilder CSBC Corp is set to ink an order to build eight 1,800 teu container vessels worth a total of $192m, breaking a containership order drought of close to two years.

Kuala Lumpur: Malaysia-based Silk Holdings, through its 70%-owned subsidiary Jasa Merin, has contracted Muhibbah Marine Engineering to build three anchor handling tug supply (AHTS) vessels worth MYR216.49m ($69.44m).

Singapore: China-based shipbuilder JES International clinched a deal to construct up to four offshore accommodation vessels valued at approximately $147m each.

Singapore: Singapore-based ST Engineering's US shipyard, VT Halter Marine, received confirmation from Bouchard Transportation on Thursday to convert an option to a firm order for an additional articulated tug barge worth around $100m.

New York: Nordic American Tankers (NAT) has entered into an agreement to acquire its twenty-first double-hull suezmax from a South Korean shipyard.

Tel Aviv: ZIM has become the latest line to cancel newbuildings, with five contracts annulled and possibly more to come.

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