The tankers are scheduled for delivery in summer of 2021 while the 174,000 cu m gas carrier is due in early 2022

The acquisition comes after Beijing last month established the new China State Shipbuilding Corp by combining the former CSSC with China Shipbuilding Industry Corp

Titan LNG’s third bunker barge ‘will be ideal for servicing larger tankers, cruise, container and offshore vessels’, says chief technical officer Ronald van Selm

Two exercised optional vessels will be delivered in May and September 2022

Idle fleet hits new highs as ships return to yards for scrubbers, but supply still outweighs demand

Newly unveiled design comes despite scepticism about whether the size of the current largest boxship of 23,000 teu class should increase further

South Korea and China have eaten away at the Japanese share of the shipbuilding market in recent years

While the number of active shipyards has shrunk significantly since 2009, hopefully the power of consolidation will truly revive the industry

The tightening shipping emission rules have created additional demand for the shipbuilding industry, including the Chinese yards, highlighted by the recent partnership between DSIC and DNV GL to develop LNG-fuelled 23,000 teu ships

The plan will hit a nerve of many foreign shipping players

Debt-to-equity swap investors albeit state-backed will need to withdraw properly

Capesizes and very large crude carriers lead the way as investors adopt risk-averse approach