A near doubling of newbuilding orders for Chinese shipbuilders in the first five months underscores the sharp upturn in fortunes seen for the sector this year.
CSSC Chengxi Shipyard and the Bank of Communications Financial Leasing have entered into the shipbuilding contract for the construction of eight woodchip carriers.
AP Moller – Maersk has made a significant step in its aim to operate a methanol fuelled containership with contract for a 2,100 teu dual-fuel newbuilding at Hyundai Mipo Dockyard.