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Dalian Shipbuilding Industry Company (DSIC) has signed a contract for the construction of up to four 175,000 cu m LNG carriers with new joint venture Sea Jade Investment Limited.
Spending on new LNG carriers since the beginning of 2022 represents 27% of total newbuilding investment and more than any other sector including containerships.
A severe drought affecting the Panama Canal is forcing the Panama Cana Authority (ACP) to reduce draughts and container vessels to lighten their loads.