Scorpio Bulkers has ordered three capesize bulk carriers valued at a total of around $162m for construction at a subsidiary facility of Daewoo Shipbuilding & Marine Engineering (DSME).

China-based Fujian Guohang Ocean Shipping (Group) Co has placed an order for five 64,000 dwt bulk carriers at Chinese yard Taizhou Sanfu Ship Engineering Co.

Singapore-based Otto Marine has clinched two newbuilding contracts worth about $9m to build two 3,000 bhp habour tugs.

Singapore-based ASL Marine has embarked on a build-to-stock shipbuilding program valued at SGD85m ($68m) for five offshore vessels, as it seeks to meet healthy demand for offshore support vessels (OSVs) and to counter increasingly stiff...

Shipbuilder JES International reversed into the red in the third quarter as its revenue slumped amid the severe downturn in the shipbuilding sector.

NYK Stolt Tankers, a joint venture of NYK and Stolt Tankers, has ordered a 38,000-dwt parcel tanker from Chinese yard Hudong-Zhonghua Shipbuilding (Group) Co.

Cosco Corporation (Singapore) has secured contracts worth over $380m to build two jackup drilling rigs and one bulk carrier at its subsidiary yards in China.

Concern is growing about the swelling MR orderbook. Recent large orders have included 16 MRs for Middle Eastern interests for long term charter to Shell taking MR orders this year to 180 compared to 115 last year and only 50 in 2011 according to...

Thirty nine leading Chinese yards accounted for 93.3% of newly received newbuilding orders in the first nine months of this year, underpinning the trend of new orders being concentrated in only a handful of stronger yards.

Chinese yard Yangzijiang Shipbuilding has secured $533m worth of shipbuilding orders from new bookings for nine bulk carriers and options for six bulkers converted into effective orders.