The major state-owned Chinese shipyards have started to resume work under the central government’s requirement on novel coronavirus prevention and control, however, large private yards remained closed.
Singapore-based firms BOS Offshore & Marine (BOS) and Penguin International have inked a pact to deliver Singapore’s first newbuild fast launch with a marine hybrid electric propulsion system during the first quarter of 2020.
Knutsen NYK Offshore Tankers (Knot) has ordered two new LNG-fuelled shuttle tankers at Daewoo Shipbuilding & Marine Engineering (DSME) on the back of long term charters secured with Eni.
China’s Fujian Mawei Shipbuilding received a contract for two 5,400 dwt bulk container vessels from P&O Maritime, a wholly-owned subsidiary of DP World.
CSSC Hudong-Zhonghua Shipbuilding announced it has inked contract with Petronas for the construction of two LNG carriers.
Samsung Heavy Industries (SHI) looks set to receive approximately $320m in claims from Pacific Drilling over a cancelled drillship order, following an arbitration decision in favour of the South Korean shipbuilder.