In 2019 the global shipping fleet passed 2bn dwt as a whole, however, the new decade starts with a “less frightening supply situation”, according to Clarksons Research Services.

Zhejiang Xiehai Group has inked shipbuilding a contract with Zhejiang Xinzhou Shipbuilding for the construction of two plus two 45,700 dwt bulk carriers.

2019 has seen a number of significant vessels either for the technology used on the newbuilding, its sheer size, or a combination of the two.

China Merchants Nanjing Tanker inked a contract with Wuchang Shipbuilding Industry for the construction of two 24,000 dwt crude oil tankers.

CSSC Huangpu Wenchong Shipbuilding inked contract with Seaco Shipping n for the construction of four plus four 85,000 bulk carriers.

Khalid Faraj Shipping (KFS) has ordered two crew boats from Grandweld Shipyard in the UAE.

Wartsila has signed a strategic development agreement with China’s CSSC Huangpu Wenchong Shipbuilding to jointly develop a hybrid powered dredger.

A significant drop in newbuilding orders across the three conventional merchant ship types is an obvious signal of recovery for the shipping industry, according to China Shipbuilding Industry Research Center (CSIRC).

China Merchants Energy Shipping (CMES) has signed newbuilding contract for the construction of four 307,000 dwt very large crude carriers (VLCCs) with Dalian Shipbuilding Industry Corporation (DSIC) for $331.8m.

Hudong-Zhonghua Shipbuilding (H&Z) has made progress with its project on a 18,000-cu m large LNG bunkering vessel following a classification contract signing with Bureau Veritas (BV), and lined up another future project to build a 25,000-teu LNG...