Shina yard poised to hear its fate （2015-03-24）
South Korean shipyard Shina Shipbuilding (Shina SB), which is under court receivership, will know its fate within days, as the court decides to either extend the company's receivership period or decla... |
CMES aims to double revenues in 2015 （2015-03-24）
China Merchants Energy Shipping (CMES) aims to double its revenues in 2015 from 2014 to CNY5.4 billion (USD870.9 million) with the deliveries of newbuildings after a rash of scrapping of old tonnage l... |
DSME unlikely to show improvement before 2016 （2015-03-24）
Although South Korea’s Daewoo Shipbuilding & Marine Engineering's (DSME's) operating profit stabilised in the fourth quarter of 2014, it is unlikely that meaningful improvement in the figure will be s... |
Jiangzhou Union secures Auerbach pair （2015-03-24）
Chinese shipyard Jiangzhou Union Shipbuilding has secured an order for two multipurpose vessels from German shipowner Auerbach Schifffahrt. Delivery of the two 12,500 dwt, fuel-efficient vessels is sc... |
Bulker newbuilding orders plunge （2015-03-24）
Orders for dry bulk carriers plunged 66% year on year (y/y) in February as the Baltic Dry Index (BDI) plunged to a historic low, deterring investments. Statistics compiled by Greek broker Golden Desti... |
Unlisted shipbuilders face lower order activity （2015-03-24）
South Korea’s unlisted shipbuilders will become less aggressive in order activity, an analyst has predicted in a research note. Samsung Securities analyst Youngsoo Han said, "Most shipbuilding contrac... |
New era for Damen Yichang shipyard （2015-03-24）
A joint venture between Netherlands-based Damen Shipyards Group and Chinese company Sinotrans CSC, Damen Yichang shipyard on the Yangtze River is rolling out a new and larger portfolio of vessels – an... |
Lenders back Star Bulk newbuildings （2015-03-24）
Star Bulk has suffered greater than expected losses but confirmed strong progress on newbuilding finance despite the rate slump. The company, which is the largest US-listed dry bulk player, posted a n... |
Wärtsilä introduces two-stroke engine with Tier II （2015-03-20）
Wärtsilä has launched the first two-stroke engine with a high-pressure Selective Catalytic Reduction (SCR) system manufactured in China. The system is fitted to a 5-cylinder Wärtsilä RT-flex58T-D 2-st... |
STX O&S takes more tanker orders from BW Pacific （2015-03-20）
South Korean shipbuilder STX Offshore & Shipbuilding (STX O&S) said on 19 March that it has clinched orders for two more LR1 product tankers from BW Group's unit, BW Pacific, after the latter exercise... |
Wärtsilä launches new series of LNG carrier design （2015-03-20）
Wärtsilä has launched a new series of LNG carrier ship designs, a statement of the company said. This series of designs is the latest addition to Wärtsilä's ship design portfolio and an important part... |
Yangzhou Dayang secures White Sea Ultramax order （2015-03-20）
China’s Yangzhou Dayang Shipbuilding has secured an order for two Ultramax bulkers from Greek shipowner White Sea Navigation. The two 63,000 dwt Crown 63-designed eco ships will have an overall length... |
Noryards Fosen wins IMR support vessel （2015-03-19）
Norwegian shipyard Noryards Fosen has entered into a contract with returning compatriot offshore operator Boa Offshore to build a light construction and inspection maintenance and repair (IMR) vessel.... |
Chinese yards new orders down 78.9% （2015-03-19）
Chinese shipyards’ new orders slumped 78.9% year on year (y/y) to 3.8 million dwt in the first two months of 2015, the China National Association of Shipbuilding Industry (CANSI) said on 18 March. The... |
Zhoushan ship exports to rise 15% in 2015 （2015-03-19）
Ship exports of Zhoushan in Zhejiang Province, China, are expected to increase by 15% this year, showed data released by the local government. The city's ship exports valued a total of USD2.538 billio... |
China's first 30,000 m³ LNG carrier launched （2015-03-19）
China’s first 30,000 m³ LNG carrier, designed by Shanghai Ship Research and Design Institute (SDARI), the leading ship design company in China, was launched on 4 March for test voyage. Hai Yang Shi Yo... |
Hudong-Zhonghua secures Coscol options （2015-03-18）
Hudong-Zhonghua Shipbuilding has secured an order for two multipurpose heavy lift vessel options from compatriot shipowner COSCO Shipping Co Ltd (Coscol). The two 28,000 dwt newbuildings will have an ... |
ClassNK still biggest classification society （2015-03-18）
Japanese classification society ClassNK has held onto its crown as the world’s largest classification society by registered tonnage. ClassNK said its registered tonnage now exceeds 366 million deadwei... |
Japanese yard orders down 70% in February （2015-03-18）
Japanese shipyards' orders plunged almost 70% year on year in February, continuing its descent as investment appetite for newbuildings has been affected by the sluggish dry bulk market. Figures from t... |
RSHI to sell shipbuilding business （2015-03-18）
China Rongsheng Heavy Industries (RSHI) has entered into a memorandum of understanding (MOU) with an unidentified buyer for the sale of its shipbuilding and offshore engineering business. Both parties... |