Shipyards

Singapore shipyard group Sembcorp Marine (Sembmarine) is to be demerged from its parent Sembcorp Industries and undertake a SGD2.1bn ($1.51bn) rights issue.

Container shipping is set to see net negative fleet growth over the next three years, according to James Frew from Maritime Strategies International (MSI).

Qatar Petroleum has inked agreements worth over QAR70bn ($19.23bn) with Korea’s “big three” shipyards for its massive LNG newbuilding programme.

China’s Yangzijiang Shipbuilding has secured new shipbuilding contracts for four 1,000-teu container feeders worth a total of RMB392m ($54.8m).

China Merchants Energy Shipping and China Merchants Industry Holdings have signed an official contract for the construction of four 62,000 dwt multi-purpose vessels.

Damen has delivered its first cutter suction dredger (CSD) 350 to be sold in Brazil.

China State Shipbuilding Corporation (CSSC) released the world's biggest dual-fuel, low-speed engine WinGD X92DF for modern and large vessels.

AET has delivery of the Eagle Petrolina, the first of four suezmax Dynamic Positioning (DP2) Shuttle Tankers purposed built for long-term charter to Petrobras, the Brazilian petroleum corporation.

Yang Ming Marine Transport’s 2,800 teu newbuild container vessels are to receive Smart Ship notations from international classification societies, American Bureau of Shipping (ABS), DNV GL, Bureau Veritas (BV) and Classification Society (CR).

Cosco Shipping Heavy Industry and CSSC Hudong Zhonghua Shipbuilding inked LNG carrier construction and repair cooperation framework agreement.