Ship construction

DSME executives have been hit with a significant pay cut as the South Korean shipbuilder struggles to reduce costs.

The 27-knot ro-pax Megastar is set to boost the Tallink Shuttle brand

Estonian investment and influence in Baltic ferry operations is gaining with the impending introduction of an LNG-fuelled, fast ro-pax vessel. 

China's Yangzijiang shipyard, which recently took an order for feeder ships from UK-based Lomar Shipping

China's yards have grabbed the bulk of a flurry in feeder ship orders.

Italian shipowner Caronte & Tourist has signed contracts with Turkish shipbuilders Sefine Shipyard to build a double-ended LNG-fuelled ferry.

Four more vessels the same size as 133,500 gt Carnival Vista are on order.

A record orderbook has led cruise operators to look elsewhere for new tonnage. But these newcomers to ship building have a steep learning curve ahead.

Dae Sun Shipbuilding & Engineering's shipyard.

South Korean shipbuilder Dae Sun Shipbuilding & Engineering is continuing to win new orders, with the Ministry of Oceans and Fisheries announcing that it had been chosen to build a ro-ro passenger ferry for Hanil Express.


Singapore-based China Navigation Company (CNCo) has completed a major newbuilding programme encompassing 41 vessels with the handover in November of the 38,000 dwt log/bulk carrier Tunsin.

Viking Line ferry

Finnish ferry company Viking Line has signed a letter of intent with Xiamen Shipbuilding Industry in China for a 63,000 gt ro-pax ferry tentatively scheduled for delivery in early 2020 with a contract value of EUR190 million (USD201 million). 

Supramax to Panamax sized vessel are not being ordered at extraordinarily low levels. So far this year there has been almost no activity