Japanese shipbuilder Mitsubishi Heavy Industries has begun talks to form alliances with three compatriot shipbuilders, Imabari Shipbuilding, Oshima Shipbuilding and Namura Shipbuilding.
Poor shipbuilding market drags down profit at China CSSC Holdings.
Complementing the world’s largest fleet of dedicated reefer vessels, the first of six reefer containerships ordered from Yangfan Shipyard in China is set to enter the Seatrade Group’s expanding trading network.
Several Asian shipbuilders are downsizing their payrolls amid slow economic growth and slacking shipbuilding industry.
Singapore-listed Norwegian ship builder VARD said on 26 August that it has secured orders for two cruise ships from Hapag-Lloyd’s cruise arm.
Jones Act operator Matson has signed a USD511 million contract with Nassco shipyard in San Diego to build two combination container and ro-ro vessels scheduled for delivery by mid-2020.
Odfjell. The Bergen-based chemical and gas carrier plus tank terminals group, says it will order four chemical carriers and evaluate its strategies in the gas carrier and tank terminals businesses after reporting a strong increase in net profit for 2Q16.
The Korea Development Bank has assessed that ship builders are facing the worst situation among local industries.