Chinese shipbuilders are forecast to receive newbuilding orders in excess of 50 milllion dwt this year as the market rebounds from 2022.

The private Chinese shipbuilder Yangzijiang Shipbuilding’s gross profit jumped 48% year-on-year to RMB2.1 billion ($292.7 million) for the first half of this year.

The relaunched ONEX Elefsis Shipyards of Greece being selected by the South Korean government as a new maritime innovation and development center with the emphasis on upgrading and transforming standard vessels into ‘eco-friendly’.

Damen Shipyards and Istanbul-based Feyz Group have signed a contract for three new Damen Combi Freighters.

Singapore-based Cyan Renewables has signed a Letter of Intent (LoI) for a wind turbine installation vessel construction with China Merchants Heavy Industry (CMHI).

Japanese marine equipment manufacturer Yanmar Power Technology has launched a commercial, zero emission hydrogen fuel cell for ships.

Following the successful reboot of the bankrupt STX Dalian shipbuilding business, Hengli Heavy Industry is restarting its marine engine production and signs licensing agreement with MAN Energy Solutions.

Containerships commissioned in June hit a record, with more than one ship delivered every day adding 300,000 teu of capacity.