Bestway Marine & Energy Technology has invested in CNY5m ($770,000) to set up a specialist equipment subsidiary at Taizhou, Jiangsu province.
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.
Keppel Offshore & Marine (Keppel O&M) is planning to exit the offshore rigbuilding business and focus on the offshore renewables and natural gas industries.
Cosmoship has inked contracts for up to four 1,500 teu containership newbuilds at CSSC Huangpu Wenchong Shipbuilding.
Nantong Xiangyu Shipbuilding and Offshore Engineering has entered into shipbuilding contracts with three domestic companies for the construction of up to six bulk carriers.
Chinese domestic container shipping service provider Zhonggu Logistics has announced plans to order up to eighteen 4,600 teu container vessels.
South Korea’s shipyards have topped the global newbuilding orderbook in 2020, edging out her closest rival China.