Hyundai Heavy Industries (HHI), the world's largest shipbuilder, will form a new ship design subsidiary through the expansion of its unit Mipo Engineering Co.
China Cosco's subsidiary Prosperity Investment 2011 Limited has booked four 64,000 dwt dry bulk carriers at Huangpu Wenchong shipyard.
Malaysian shipbuilder Nam Cheong has won an order worth $66m to sell three build-to-stock anchor handling tug supply (AHTS) vessels and one maintenance/work vessel (MWV).
Offshore vessels designer and builder Vard Holdings has secured a contract with a new customer Harkand Group to build one diving support and construction vessel valued at over NOK1bn ($164.6m).
A semi-submersible drilling rig under construction at South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) sank while it was moored at the yard's quay.
China Cosco Group has ordered four VLCC newbuilds from China Shipbuilding Industry Co (CSIC).
BW LPG has paid Hyundai Heavy Industries (HHI) a total of $2.2m to bring forward the deliveries of two VLGC newbuilds to August and October 2015, respectively.
Nippon Yusen Kaisha (NYK) is planning to build Japan's first dual-fuel engine tugboat that can be powered by LNG or heavy fuel oil.
Kawasaki Kisen Kaisha (K Line) has ordered four new car carrier vessels at Shin Kurushima Dockyard and Japan Marine United Corporation.