Extension will help Yang Ming bolster its fleet capacity before the delivery of several newbuildings that it plans to order

Singapore-based shipyard has delivered seven out of 12 projects scheduled for delivery this year

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Seaspan has more than 50 ships, whose sizes range from 7,000 teu to 24,232 teu, on order with Chinese yards. Softening freight rates could prompt carriers to take advantage of postponed deliveries and seek renegotiate or cancel the existing charterparty 

Both vessels will go straight to BW LNG’s clients. BW ENN Snow Lotus will be delivered to ENN, and BW Cassia will handed over to BP

Investment financed from own funds and bank loans, says Attica

Chinese yards are facing challenges from South Korean competitors, which have pledged to reach carbon neutrality by 2050. They are expected to be burdened with extra technical requirements and financial costs driven by China’s decarbonisation strategy 

Industry expert suggests China should first create a road map from the top that carefully assesses the feasibility of different fuel options and design a suitable pathway towards green shipping 

Shell is said to be considering the high pressure, ME-GI main engine, which can almost eliminate the methane slip from liquefied natural gas, for its dual-fuel VLCC newbuilding project in South Korea. But one big shortcoming of more advanced technology is: it’s expensive

It remains to be seen how China’s shipbuilders will collaborate with compatriot leasing lenders to consummate the deals

China has long sought to support the basic strategic goal of more Chinese cargo being carried by more Chinese ships, but never quite managed to pull it off. The shifting economic conditions, however, may well present the perfect opportunity to finally cement ‘guohuo guoyun’ as a reality and China’s shipyards will be reaping the rewards

The head of shipbuilding at Japan’s transport ministry outlines the country’s roadmap to zero-emission ships, and offers views on industry consolidation and state subsidies