China's shipbuilding sector is getting more orders, but profit margins are weak.
A shipowner may endure a long-running dispute about who pays the cost of putting design errors right if shipbuilding contracts contain no provisions allocating liability for the vessel’s design.
The company, which is 45% owned by the Taiwanese government, will order 10 11,000 teu vessels and 10 2,800 teu vessels.
Singapore-based BW Group has been identified as the company behind the shipbuilding contract with Daewoo Shipbuilding & Marine Engineering for the construction of two LNG carriers, whose delivery is scheduled for June 2020.
South Korean shipbuilder Samsung Heavy Industries has called off a delayed drillship order, prompted by turbulent times and a plunge in oil prices.
The orders, the value of which has not been revealed, are thought to be the first ro-pax vessel orders to be placed with a Chinese yard by Italian owners.
The HOLISHIP project has introduced a performance assessment tool to give the best solutions for ship design
Troubled shipbuilders STX Offshore & Shipbuilding and Sungdong Shipbuilding & Marine Engineering have maintained their stance on further job eliminations amid their restructuring initiatives.
Thailand’s Thoresen Shipping has bought and taken delivery of secondhand bulk carriers as it prepares for a potential market upturn.