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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.

Tokyo: Mitsubishi Heavy Industries (MHI) and Hakata Shipbuilding have agreed to jointly develop an energy efficient 1,000 teu container carrier.

Seoul: South Korea-based Sungdong Shipbuilding & Marine Engineering landed a contract to build a total of 10 capesize dry bulk carriers including three options.

Seoul: South Korea's STX Offshore & Shipbuilding plunged into the red in 2012 due largely to diminished margins from high-value newbuildings.

Shanghai: CSSC Jiangnan Heavy Industry slumped to a 2012 full year net loss as the shipbuilder struggled with diminishing new orders and lower margins.

Singapore: Singapore's offshore vessels shipbuilder Otto Marine managed to land a deal to build two anchor handling tug supply (AHTS) vessels after an order drought of nearly two years.

New York: Scorpio Tankers is splashing $99.5m on a pair of LR2 product tankers at Hyundai Samho Heavy Industries.


Singapore: Singapore's Keppel Shipyard has undertaken the country's first ballast water treatment system (BWTS) retrofit project for a VLCC owned by Mitsui OSK Lines (MOL).

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