A huge surge in containership newbuild orders could act to shorten the current market boom for the sector, analyst Drewry warns.

Eastern Pacific Shipping (EPS) is ordering up to six LNG-fuelled Newcastlemax bulkers for charter to mining company Rio Tinto.

The Chinese liner service provider, Zhonggu Logistics, announced the plan to issue A-shares to raise up to CNY3bn ($461m) for its containership newbuildings project and container shipping related business.

Malaysian shipowner MISC has taken deliver of its 6th very large ethane carrier (VLEC) from Hyundai Heavy Industries (HHI).

Oldendorff Carriers has revealed fleet expansion through both newbuilding orders and secondhand vessel acquisitions.

MAN Energy Solutions reports that has won the order to supply dual-fuel engines to a series of 10 Very Large Crude Carriers of 300,00dwt being built for three different shipowners by DSME of Korea.

Wilhelmsen and Østensjø joint company Edda Wind has ordered to two more Commissioning Service Operation Vessels (CSOV) and is looking to an Initial Public Offering (IPO) to fund further expansion.

Hapag-Lloyd ceo Rolf Habben Jansen welcomed recent new additions to the orderbook, and expects further orders over the next two quarters to bring the orderbook to “healthy” levels.

ZIM is the latest container line to opt for LNG-powered vessels in a more than a billion dollar long-term charter deal with Seaspan Corp for ten 15,000 teu newbuildings.

The impact of the Covid-19 pandemic and a slump in shipbuilding contracting resulted in Wartsila’s marine businesses seeing a 23% decline in new orders in 2020 across the three business segments it operates in.