LNG shipping is booming and shipyard capacity is extremely tight, but as new tonnage hits the water mid-decade it could outstrip liquefaction capacity growth heading to a market slump warns Maritime Strategies International (MSI).
China Merchants Energy Shipping (CMES) is ordering two 175,000 cu m LNG carriers from Dalian Shipbuilding Industry (DSIC) at a total cost of $470m.
China Merchants Energy Shipping (CMES) has inked Letter of Intent for the construction of two plus four methanol dual-fuel 9,000 ceu car carriers with China Merchants Industry.
Terntank has placed orders for two plus two new 15,000 dwt MGO/Biofuel & methanol-ready chemical/product/biofuels tankers at China Merchants Jinling Shipyard.
Compagnie Maritime Belge’s (CMB) Windcat Offshore has placed an order with Damen Shipyards for two of ‘future-proof CSOVs,’ along with options for further vessels.
Damen has signed a Memorandum of Understanding (MoU) with Caterpillar Inc and Pon Power for the joint development of a series of dual-fuel methanol / diesel powered tugs.
Newbuilding orders at Chinese yards are down nearly 40% year-on-year to the end of October, and output from existing orders has also declined.
Cadeler has placed an order to build its second F-class hybrid jack-up installation vessel at Cosco Heavy Industries.
Damen Shipyards has signed a contract to deliver a CSD650 to an Indonesian dredging operator earlier this month.