DSME executives have been hit with a significant pay cut as the South Korean shipbuilder struggles to reduce costs.
Estonian investment and influence in Baltic ferry operations is gaining with the impending introduction of an LNG-fuelled, fast ro-pax vessel.
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.
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.
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.
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