In the fourth quarter, the core shipbuilding business revenue increased to 3.3 billion yuan, with a net profit of 642 million yuan and a gross margin of 12%. In the face of the continued weakness of the global shipbuilding market and the de

GTT has received an order from the Chinese shipyard Hudong-Zhonghua Shipbuilding (Group) Co. Ltd. for the tank design of two new LNG Carriers (LNGC) on behalf of the Japanese ship-owner K LINE. Each vessel will offer a capacity of 79,960 m3

Obviously, the trend of large-scale ships in the shipping market will not change due to Chinas novel coronavirus pneumonia.Two other shipping giants will formally place orders for 23,000TEU super large container ships, a total of 12 units w

The market situation came out of the shadow of the epidemic. Chinese shipowner Seacon Shipping bought another large capesize vessel. Earlier last year, Seacon Shipping purchased acapesize dry bulk carrier named Shinyo Endeavour, built in 20

Qatars first batch of 80 LNG carriers with a total value of up to US $15 billion is under way. As the only Chinese shipyard capable of building large LNG carriers, Hudong Zhonghua will compete with three giants of South Korea and is expecte

Two of the largest VLECs ever ordered are now under construction to ABS class at Jiangnan Shipyard following a successful joint development effort. The two 99,000cbm dual fuel B-Tank VLECs ordered by Pacific Gas are the worlds largest VLEC

Singapores Eastern Pacific Shipping said it is in talks to place an order for two 158,000-dwt suez oil carriers at Waigaoqiao Shipbuilding in Shanghai. Newbuildings will be scheduled for delivery in late 2021 and early 2022. Although Easter

On February 12, ICBC Financial Leasing successfully delivered 325,000 tons of ore ship ORE YANTAI in Qingdao. It is the first ship of six 325,000-ton ore ship series built by Qingdao Beihai Shipbuilding Heavy Industry for ICBC Financial Lea

South Korea ranked second behind China in global shipbuilding orders last month, industry data showed Monday. Local shipyards won orders equal to a combined 40,000 compensated gross tons (CGTs) to build one ship, accounting for six percent

After 6 years, the first platform supply vessel (PSV) ever built by Waigaoqiao Shipbuilding was finally delivered. On the afternoon of January 17, Waigaoqiao Shipbuilding held a signing and delivery ceremony for the Guo Hai Min Xing (H1341)

On January 17, Hudong Zhonghua, a subsidiary of China State Shipbuilding Corporation, won the construction contract for two 79,900 cubic meters LNG vessels supporting the Malaysian LNG project. This is also the first large-scale LNG ship or

Chinese cruise shipbuilding company CMHI Haimen yard carried out the keel laying ceremony for the Ocean Explorer. This is the fourth ULSTEIN X-BOW design in the INFINITY class of expedition cruise vessels that the U.S. based shipowner SunSt

Construction has begun on Chinas first 10,000-ton maritime patrol vessel, which will become the countrys largest and best-equipped ship of its kind, the Guangdong Maritime Safety Administration said at a press conference on Tuesday. The ves

Chinas shipbuilding giant has delivered the first of four littoral mission ships (LMS) to the Royal Malaysian Navy, marking the high-level military cooperation between China and Malaysia, analysts said on Wednesday. The Wuchang Shipbuilding

Australia-listed Global Energy Ventures (GEV) has extended a letter of intent (LOI) with Yantai CIMC Raffles Offshore to build the CNG Optimum 200 ships. The extension is for six months through to 30 June 2020. The LOI is based on a firm or