Having survived the onset of the pandemic in 2020 insolvencies remain a risk for German marine equipment suppliers, but in the longer term there are huge opportunities in the field of green shipping.

China United Lines (CULines) has entered into a shipbuilding contract with CSSC Huangpu Wenchong Shipbuilding for the construction of up to four 1,900 teu containerships.

US shipbuilders and the offshore sector have added their support to new US President Biden this as an Executive Order dealing with “Buy American” showed explicit support for the Jones Act.

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.

Newport Maritime Services (NMS), a wholly owned subsidiary of UK-based Newport Shipping, has launched a digital platform to streamline the ship repair and retrofit. The scheme is designed to benefit shipowners, managers, and Newport’s ten partner...