krogragg

Category: Greater China

  • Jinhui continues fleet renewal with $23.5m ultramax sale

    Jinhui continues fleet renewal with $23.5m ultramax sale Oslo-listed dry bulk owner Jinhui Shipping and Transportation has agreed to sell one of its ultramax bulk carriers as it continues to streamline its fleet. The Hong Kong-based outfit said it has struck a $23.46m deal with Hongkong Yiming Shipping for the 2014-built 63,485 dwt bulker Jin…

  • China Merchants unit orders LNG-powered Yangtze bulkers

    China Merchants unit orders LNG-powered Yangtze bulkers China Merchants Group is expanding its greener inland fleet, with subsidiary Changhang Freight (Zhoushan) contracting two LNG-powered bulk carriers at a domestic shipyard. The newbuildings will be constructed by Jiangxi New Jiangzhou Shipbuilding Heavy Industry, and will each measure about 20,000 dwt. The vessels are designed as river-sea…

  • Nanjing Tanker orders trio of chemical carriers

    Nanjing Tanker orders trio of chemical carriers China’s Nanjing Tanker has added three more vessels to its growing orderbook, signing up for a trio of stainless steel chemical tankers at a domestic shipyard. The Shanghai-listed owner, part of China Merchants Group, said in a filing that its wholly owned subsidiary, Nanjing Yangyang Chemical Transportation &…

  • BAL parent LC Logistics books $236m boxship duo

    BAL parent LC Logistics books $236m boxship duo Hong Kong-listed LC Logistics has ordered two 11,000 teu containerships from China in a deal worth about $236m. The vessels will be built by Shanghai Waigaoqiao Shipbuilding in partnership with the trading arm China Shipbuilding Trading Company. The newbuilds are scheduled for delivery by November 30, 2028…

  • MISC lifts Hudong-Zhonghua LNG series

    MISC lifts Hudong-Zhonghua LNG series Malaysia’s MISC has increased its LNG newbuilding programme in China to five vessels after signing for two additional carriers at Hudong-Zhonghua Shipbuilding. The latest order covers a pair of 174,000 cu m newbuilds, which will be chartered to Malaysia’s national oil company Petronas under a 20-year contract. The long-term charter…

  • EPS boosts VLCC series with two more Hengli newbuilds

    EPS boosts VLCC series with two more Hengli newbuilds Singapore-based owner Eastern Pacific Shipping (EPS) is expanding its renewed push into the VLCC segment with two more newbuildings lined up at Hengli Shipbuilding. The vessels form part of a five-ship order for 306,000 dwt VLCCs announced by the Dalian yard last week, with deliveries scheduled…

  • Splash Wrap: ZIM sale tops the agenda

    Splash Wrap: ZIM sale tops the agenda A planned $4.2bn sale of ZIM to Germany’s Hapag-Lloyd sparked protests and a strike in Israel this week. Under the structure outlined, Hapag-Lloyd will acquire ZIM and then carve out its Israeli operations into a separate entity to be controlled by FIMI. The new company, to be known…

  • Finnish roro player Godby books up to four newbuilds in China

    Finnish roro player Godby books up to four newbuilds in China Finland’s Godby Shipping has ordered two roro vessels at CIMC Raffles in China, with options for two more units. The privately owned Åland-based operator, established in 1972, said the order supports its plan to renew the fleet and meet tightening environmental requirements while continuing…

  • Fire claims two lives aboard Singapore-flagged bulker

    Fire claims two lives aboard Singapore-flagged bulker An engine room fire on the Singapore-flagged bulk carrier Mandy has claimed two lives, with a third crewman airlifted to a hospital. The 2010-built bulker, en route from Singapore since February 8, was hit by the blaze at 7:35 pm Singapore time on February 17, just shy of…

  • Taylor Maritime chalks up 51st bulker sale

    Taylor Maritime chalks up 51st bulker sale London-listed dry bulk owner Taylor Maritime has agreed the sale of another handysize vessel, taking its total disposals since 2023 to 51 ships. Further details of the latest transaction will be released on completion, the company said in a stock exchange filing. At the same time, the Ed…

  • Maran Dry returns to newbuilds with capesize order at Hengli

    Maran Dry returns to newbuilds with capesize order at Hengli Maran Dry Management has re-entered the newbuilding market, lining up a series of capesize bulk carriers at China’s Hengli Heavy Industry. The bulker arm of the Angelicoussis Shipping Group, led by Maria Angelicoussis, has contracted four firm capesize vessels at the Dalian yard, with options…

  • Scorpio Tankers lifts Dalian LR2 order to four ships

    Scorpio Tankers lifts Dalian LR2 order to four ships Scorpio Tankers has declared options for two more scrubber-fitted LR2 product tankers at China’s Dalian Shipbuilding Industry Co, doubling its order at the yard to four vessels. The New York-listed owner revealed the move alongside its fourth-quarter 2025 earnings, confirming that the two option ships are…

  • Jinhui adds to ultramax orderbook with New Dayang brace

    Jinhui adds to ultramax orderbook with New Dayang brace Jinhui Shipping and Transportation is adding further depth to its ultramax newbuilding programme, booking two more bulk carriers in China as part of an ongoing fleet renewal drive. The Oslo-listed, Hong Kong-based owner said two wholly owned subsidiaries have signed shipbuilding contracts with Sumec Marine and…

  • Capital orders 11 VLCCs in China

    Capital orders 11 VLCCs in China Greek shipowner Evangelos Marinakis is stepping up his tanker expansion, with Capital Maritime and Trading signing contracts for 11 VLCC newbuildings at China’s Hengli Heavy Industry. The order forms part of a wider package disclosed by Songfa Ceramics, the parent company of the Dalian-based shipbuilder, covering 15 VLCCs of…

  • Dynacom steps up suezmax expansion with nine Hengli newbuilds

    Dynacom steps up suezmax expansion with nine Hengli newbuilds George Procopiou is pressing ahead with his tanker expansion, placing an order for nine suezmax newbuildings at China’s Hengli Shipbuilding. According to a stock exchange filing by Songfa Ceramics, the parent company of Hengli Shipbuilding, Dynacom Tankers Management has secured nine of the ten 158,000 dwt…

  • Minerva books suezmax brace at Hengli

    Minerva books suezmax brace at Hengli Greek owner Minerva Marine has returned to China’s Hengli Shipbuilding with an order for two suezmax crude tankers, continuing its steady fleet expansion across multiple segments. The deal covers two 158,000 dwt vessels, with a total contract value in the range of $160m to $200m, putting the unit price…

  • GSX Energy firms up LNG bunker pair in China

    GSX Energy firms up LNG bunker pair in China GSX Energy has firmed up an order for two additional LNG bunkering vessels at China’s Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE), lifting its series at the yard to four ships. GSX Energy was formed in October 2025 as a joint venture between Sabrina Chao-…

  • MSC tops up Jinglu orderbook with eight more 11,500 teu ships

    MSC tops up Jinglu orderbook with eight more 11,500 teu ships Mediterranean Shipping Company (MSC) has moved to deepen its bet on LNG-fuelled tonnage, exercising options for eight more 11,500 teu dual-fuel containerships at China’s Penglai Jinglu Shipyard. The latest deal lifts the series to 16 sister vessels, following an initial order placed in 2024.…

  • Panama’s port purge draws China’s ire

    Panama’s port purge draws China’s ire The diplomatic spat between China and Panama is worsening over the Central American nation’s decision last week to strip Hong Kong’s CK Hutchison of its rights to operate two ports.  Panama’s president, José Raúl Mulino, declared the government will never again award the Balboa and Cristobal port concessions to…

  • Splash Wrap: Ports in a storm

    Splash Wrap: Ports in a storm The deepening dispute between Panama and China over two key ports at the Panama Canal was a constant source of headlines following a landmark Supreme Court ruling that invalidated CK Hutchison’s long-held concession contracts. A trade pact between the US and India that cuts American tariffs and ties New…

  • Pistiolis in for 10 MR tanker newbuilds in China

    Pistiolis in for 10 MR tanker newbuilds in China Greek shipowner Evangelos Pistiolis has re-entered the newbuilding market, placing an order for 10 MR product tankers in China in a deal approaching $500m. Pistiolis’ privately held Central Group has signed up for the 50,000 dwt vessels at Guangzhou Shipyard International (GSI), marking the group’s first…

  • CK Hutchison launches arbitration after Panama court voids port concessions

    CK Hutchison launches arbitration after Panama court voids port concessions Hong Kong’s CK Hutchison has launched arbitration proceedings against the republic of Panama, escalating a deepening dispute over two key ports at the Panama Canal following a landmark Supreme Court ruling last week that invalidated its long-held concession contracts. The conglomerate disclosed early Wednesday that…

  • SITC extends 2,700 teu orderbook

    SITC extends 2,700 teu orderbook Chinese intra-Asia container player SITC International Holdings is pressing ahead with its fleet renewal and growth plans, returning to Huanghai Shipbuilding for two additional 2,700 teu newbuildings. The Hong Kong-listed carrier will pay close to $76.5m for the pair, according to a stock exchange filing. Delivery is scheduled from January…

  • Shandong Marine in for LNG carrier quartet at Jiangnan

    Shandong Marine in for LNG carrier quartet at Jiangnan China’s Shandong Marine has moved to expand its LNG carrier fleet, placing an order for four newbuildings at compatriot yard Jiangnan Shipyard, with the vessels set to be chartered to a unit of UK-based energy major Shell upon delivery. The state-run shipping group has signed up…

  • Bauxite booms as aluminium output triples since 2000

    Bauxite booms as aluminium output triples since 2000 Global aluminium production has nearly tripled since the turn of the millennium, and the ripple effects are being felt most clearly in the dry bulk market, where seaborne bauxite trade hit a fresh record last year. Analysis by Ursa Shipbrokers, drawing on data from the International Aluminium…

  • Evergreen lines up 23 newbuilds worth up to $1.5bn

    Evergreen lines up 23 newbuilds worth up to $1.5bn Taiwanese liner Evergreen is piling on fresh tonnage with orders for 23 new container ships worth up to $1.47bn, continuing its multi-year fleet expansion drive. The latest newbuilding programme covers a mix of feeder and mid-size vessels and will be split between Chinese yards CSSC Huangpu…

  • Wan Hai tightens grip on Japan routes with Osaka terminal investment

    Wan Hai tightens grip on Japan routes with Osaka terminal investment Taiwanese containerline Wan Hai Lines is moving deeper into Japanese port infrastructure with the acquisition of Terminal C9 at Osaka Port, spending about $87m to strengthen its core intra-Asia network. The Taipei-headquartered carrier said in a Taiwan Stock Exchange filing that its board approved…

  • Caravel tightens grip on Pacific Basin, rules out takeover bid

    Caravel tightens grip on Pacific Basin, rules out takeover bid Hong Kong conglomerate Caravel Group has increased its shareholding in Pacific Basin Shipping, strengthening its position as the largest shareholder in the dry bulk major while stressing it has no intention of launching a takeover of the company. The Angad Banga-led group confirmed it now…

  • TMS Cardiff Gas expands LNG orderbook with Chinese deal

    TMS Cardiff Gas expands LNG orderbook with Chinese deal Greek shipowner TMS Cardiff Gas has added fresh LNG carrier tonnage to its orderbook, with an agreement for up to six newbuildings at Hudong-Zhonghua Shipbuilding in China. The George Economou-led company is understood to have signed up for four firm 174,000 cbm LNG carriers, with options…

  • Two dead, four missing after bulker sinks in South China Sea

    Two dead, four missing after bulker sinks in South China Sea Search and rescue operations are continuing in the South China Sea after the Singapore-registered bulk carrier Devon Bay capsized and sank while en route to China. The Maritime and Port Authority of Singapore (MPA) said it was informed on January 23 that the 2013-built…

  • Fredriksen goes back to Hengli for two more VLCCs

    Fredriksen goes back to Hengli for two more VLCCs John Fredriksen has returned once again to China’s Hengli Shipbuilding, adding more VLCC tonnage as the shipping tycoon keeps pressing ahead with fleet renewal. Fredriksen’s private investment arm, Seatankers Management, has contracted two 306,000 dwt crude carriers at the Dalian-based yard. Chinese-listed ST Songfa confirmed that…

  • Bulkers ride China’s bauxite surge

    Bulkers ride China’s bauxite surge China has set yet another record for bauxite imports, cementing the aluminium raw material as one of the strongest dry bulk growth stories of recent years and a rare source of support for large bulk carrier demand. Bauxite discharges into Chinese ports reached about 213m tonnes in 2025, up 25%…

  • Nordic Hamburg orders up to five MPPs in China

    Nordic Hamburg orders up to five MPPs in China German owner Nordic Hamburg has moved to grow its heavylift fleet, placing an order for three 13,300 dwt multipurpose vessels at China’s Wuhu Shipyard, with options for two more units. The contract, with an undisclosed value, covers a new series of MPP/heavylift ships designed to handle…

  • Polemis tied to suezmax order in China

    Polemis tied to suezmax order in China Adam Polemis’ New Shipping has been tied to fresh Chinese tonnage, extending its suezmax tanker orderbook and newbuilding programme that has gathered pace over the past year. CSSC Beihai Shipbuilding has secured a contract for a 161,800-dwt suezmax crude oil tanker from undisclosed Greek interests. However, Greek broking…

  • Turkish upstart Aqmaris books up to four bulker newbuilds in China

    Turkish upstart Aqmaris books up to four bulker newbuilds in China Turkish newcomer Aqmaris and China’s Wuhu Shipyard have sealed a deal for four ultramax bulk carriers, marking one of the first big newbuild agreements for the Istanbul-based operator. The four 64,500 dwt units will meet IMO Tier III standards and comply with EEDI Phase…

  • XT Shipping linked to four-boxship deal at Hengli

    XT Shipping linked to four-boxship deal at Hengli Israel’s XT Shipping has returned to the newbuilding market with a series of midsize containership orders in China, underlining renewed confidence in the container sector. Shipbroking sources say the Tel Aviv-based owner is behind an order for four 6,000 teu containerships at Hengli Shipbuilding, with delivery scheduled…

  • Eastern Pacific back for more ammonia carriers at Jiangnan

    Eastern Pacific back for more ammonia carriers at Jiangnan Idan Ofer’s Eastern Pacific Shipping (EPS) has returned to China to add more ammonia carrier capacity, placing an order for two very large ammonia carriers (VLACs) at Jiangnan Shipyard. The Singapore-based owner has signed a contract for two 90,000 cu m newbuildings, with delivery scheduled for…

  • COSCO grows heavylift fleet with Chengxi order

    COSCO grows heavylift fleet with Chengxi order Cosco Shipping Specialised Carriers has moved to grow its heavylift fleet, placing an order for four multipurpose vessels at CSSC’s Chengxi Shipyard as demand from the wind power sector continues to build. In a stock exchange filing, the Shanghai-listed owner said it will invest about $213m in the…

  • Jinjiang Shipping eyes up to eight boxship newbuilds

    Jinjiang Shipping eyes up to eight boxship newbuilds Shanghai-listed Jinjiang Shipping has moved to grow its container fleet, unveiling plans to invest up to RMB 1.94bn (about $270m) in a series of bangkokmax newbuildings. The Shanghai International Port Group-controlled carrier has approved a proposal to order four 1,800 teu containerships, with options for a further…

  • Seacon snaps up six ultramax resales

    Seacon snaps up six ultramax resales Hong Kong-listed Seacon Shipping has moved to reshape its newbuilding pipeline, taking over contracts for six ultramax bulk carriers and lining up long-term leaseback financing to fund the deal. The company said it has entered into novation agreements to assume all rights and obligations under existing shipbuilding contracts for…

  • Winning in lead

    Winning in lead China is dominating the secondhand capesize market this year, and Winning is topping the buyer table. Winning Shipping is closing in on double-digit capesize purchases in 2025, emerging as the buyer of its six-vintage newcastlemax deals in as many months. The latest addition is an 18-year-old heavyweight, purchased for an undisclosed fee.…

  • d’Amico signs up MR1 newbuild deal in China

    d’Amico signs up MR1 newbuild deal in China Italian product tanker owner d’Amico International Shipping (DIS) has moved to renew its fleet with a fresh newbuilding deal in China, ordering two MR1 units at Guangzhou Shipyard International (GSI). The company said its operating arm, d’Amico Tankers has signed contracts for a pair of 40,000 dwt…

  • Pacific Basin signs up for Chinese handysize newbuilds

    Pacific Basin signs up for Chinese handysize newbuilds Pacific Basin Shipping has turned to China for its latest newbuilding move, signing up a quartet of handysize bulk carriers in a break from its long-standing preference for Japanese yards. The Hong Kong-listed owner-operator of more than 250 bulkers has struck a deal at Jiangmen Nanyang Ship…

  • Eastern Pacific adds capes to swelling Hengli orderbook

    Eastern Pacific adds capes to swelling Hengli orderbook Idan Ofer’s Eastern Pacific Shipping has added another slice to its already sizeable newbuilding programme, this time with a fresh capesize bulker order in China. The Singapore-headquartered owner has signed up four 180,000 dwt capesize bulk carriers at Hengli Shipbuilding. The vessels are set for delivery in…

  • Essberger’s newbuild push rolls on with up to six chemical tankers in China

    Essberger’s newbuild push rolls on with up to six chemical tankers in China German chemical tanker owner John T. Essberger is pressing ahead with its fleet renewal programme, signing up to six newbuildings at a another Chinese shipyard. The Hamburg-based group has placed firm orders for two 7,900 dwt duplex stainless steel chemical tankers, with…

  • Yang Ming’s dry bulk arm lines up ultramax quartet at Japanese yards

    Yang Ming’s dry bulk arm lines up ultramax quartet at Japanese yards Taiwanese liner group Yang Ming has returned to the newbuilding market through its bulk shipping arm Kuang Ming Shipping, placing orders for four ultramax bulk carriers in Japan. According to a stock exchange filing, the contracts carry a combined value of between NT$4.9bn…

  • Saipem scores another massive deal from QatarEnergy

    Saipem scores another massive deal from QatarEnergy Italian energy services contractor Saipem, in partnership with COOEC, has been awarded an offshore EPCI contract for worth on the North Field worth $4bn by Qatar’s state-owned company QatarEnergy. The contract is for the so-called COMP5 package of the North Field Production Sustainability Offshore Compression Complexes project. The…

  • SIPG picks new chairman

    SIPG picks new chairman Shanghai International Port Group (SIPG) has appointed ex-Shanghai transport commission head Yu Fulin as its chairman. According to the company, Yu Fulin was elected by the SIPG’s board via a unanimous vote. He will also serve as the chairman of the strategy committee. Fulin is a senior engineer, born in March…

  • Venergy steps into boxships with feeder newbuild deal in China

    Venergy steps into boxships with feeder newbuild deal in China Greek tanker newcomer Venergy Maritime has moved to diversify its fleet, placing its first order in the containership segment after an active year in tanker newbuildings. The Piraeus-based owner, led by Vyron Vasileiadis, has signed up for up to four 1,900 teu feeder container vessels…

  • Shanghai’s box boom exposes a resilience blind spot

    Shanghai’s box boom exposes a resilience blind spot In container shipping, the leverage – and the real fragility – now lives where the cranes greet the sea, writes Wolfgang Lehmacher.  Shanghai has just pulled off something remarkable, even by its own lofty standards. The world’s largest container port handled more than 46m teu in the…

  • Aegean Bulk returns to newbuilds with kamsarmax quartet in China

    Aegean Bulk returns to newbuilds with kamsarmax quartet in China Greek owner Aegean Bulk has re-entered the newbuilding market after nearly 15 years away, signing a four-ship kamsarmax order at China’s fast-expanding Hengli Shipbuilding. The deal marks the owner’s first newbuilding move since the delivery of its last pair of kamsarmaxes in 2012. The Athens-based…

  • Tianjin Southwest books very large ammonia carriers at Jiangnan

    Tianjin Southwest books very large ammonia carriers at Jiangnan Tianjin Southwest Maritime has ordered two very large ammonia carriers from Jiangnan Shipyard, extending its long-standing partnership with one of China’s leading gas-carrier builders. Industry sources said the Chinese owner has signed for a pair of 90,000 cu m VLACs, each priced at about $114.5m, for…

  • Zodiac Maritime unleashes $1.6bn VLCC and boxship play in China

    Zodiac Maritime unleashes $1.6bn VLCC and boxship play in China Eyal Ofer’s Zodiac Maritime has joined the latest wave of crude carrier orders, placing a major VLCC newbuilding programme in China as part of its broader $1.6bn fleet renewal drive. The London-based owner has ordered six firm and up to eight conventionally fuelled VLCCs from…

  • Dong Fang Offshore locks in CLV newbuild

    Dong Fang Offshore locks in CLV newbuild Taiwanese owner and operator Dong Fang Offshore (DFO) has firmed up its next phase of growth with the signing of a subsea and cable lay vessel (CLV) newbuilding contract with Norway’s Westcon. The deal will see the yard take over and complete a large CLV already under construction,…

  • Winning doubles down on large bauxite carriers with six more newbuilds

    Winning doubles down on large bauxite carriers with six more newbuilds Large bulkers specialist Winning International Group has expanded its push into the very large ore carrier segment, ordering another six 325,000 dwt VLOCs from CSSC Beihai Shipbuilding to support its growing West Africa–China bauxite trade. The Singapore-based owner — which runs a fleet of…

  • Jinhui cashes in on ageing supramax as fleet overhaul rolls on

    Jinhui cashes in on ageing supramax as fleet overhaul rolls on Jinhui Shipping & Transportation has sold another ageing supramax as it continues to refresh its fleet. The Oslo-listed, Hong Kong-based owner confirmed it has agreed to divest the 2012-built 56,361 dwt Jin Bi in a $14.4m deal with Hong Kong buyer Xing Le Investments.…

  • Taiwan tightens noose on high-risk tonnage

    Taiwan tightens noose on high-risk tonnage Taiwan is amending its Law of Ships regulations with a view to fining ship operators up to NT$10m ($318,000) for vessels failing to maintain accurate identification.  Ships entering Taiwanese waters must keep their automatic identification system (AIS) on and transmit correct data, or face a fine.  Similarly, all vessels…

  • Eastern Pacific locks in 12 newbuilds at Hengli

    Eastern Pacific locks in 12 newbuilds at Hengli China’s Hengli Shipbuilding has confirmed a major newbuilding programme for Eastern Pacific Shipping (EPS), detailing a 12-ship order that marks one of the most substantial commitments at the yard this year. The deal, valued between $1.1bn and $1.6bn, spans three vessel types and signals the Idan Ofer-led…

  • Greek owner Super-Eco Tankers signs four-ship MR order in China

    Greek owner Super-Eco Tankers signs four-ship MR order in China Greek tanker owner Super-Eco Tankers Management has returned to the newbuilding market with an order for up to four MR product and chemical tankers in China, marking the company’s first newbuild investment in more than two years. The Piraeus-based company has signed a 2+1+1 order…

  • Jinhui continues to trim older tonnage with $10.3m supramax disposal

    Jinhui continues to trim older tonnage with $10.3m supramax disposal Jinhui Shipping & Transportation has offloaded another ageing supramax as it continues to trim older tonnage and push ahead with its fleet renewal plan. The Oslo-listed, Hong Kong-based owner said it has struck a deal to sell the 2008-built Jin Sui, a 56,968 dwt vessel…

  • Emarat Maritime emerges behind Hengli’s six-tanker series

    Emarat Maritime emerges behind Hengli’s six-tanker series Dubai’s Emarat Maritime has made a move into tanker newbuildings, emerging as the owner behind a sextet of LR2 product carriers ordered at China’s Hengli Shipbuilding. Industry players said the Sharaf Group–owned company is the buyer of the six 114,000 dwt aframax/LR2 units recently revealed by the yard.…

  • Hong Kong flag slumps 12.6% as Singapore surges ahead amid trade turmoil

    Hong Kong flag slumps 12.6% as Singapore surges ahead amid trade turmoil The latest World Fleet Monitor published by Clarksons Research confirms a switch in the leaderboard of shipping registers, with Donald Trump’s trade war with China seeing Singapore leapfrog Hong Kong into fourth spot.  After a very tough year, having been caught in the…

  • Calcarea captures crown at The Captain’s Table

    Calcarea captures crown at The Captain’s Table Calcarea has taken top honours at this year’s edition of The Captain’s Table, the maritime startup pitch competition held during Hong Kong Maritime Week and broadcast by Splash. The decarbonisation-focused company impressed judges with a shipboard carbon-capture concept that turns CO₂ into bicarbonate ions while vessels are underway.…

  • Star Bulk confirms three kamsarmax newbuilds at Hengli

    Star Bulk confirms three kamsarmax newbuilds at Hengli Greek dry bulk heavyweight Star Bulk Carriers has confirmed agreements to acquire three kamsarmax vessels at Hengli Shipbuilding. The Nasdaq-listed, Athens-based owner signed three novation and amendment agreements with Hengli Shipbuilding (Singapore) and Hengli Shipbuilding (Dalian) for 82,000 dwt vessels currently under construction. Deliveries are scheduled progressively…

  • Nigeria LNG shipping unit picks Hudong-Zhonghua for new LNG carrier batch

    Nigeria LNG shipping unit picks Hudong-Zhonghua for new LNG carrier batch West African LNG exporter Nigeria LNG (NLNG) is moving ahead with a fresh round of fleet renewal, with its shipping arm Bonny Gas Transport (BGT) selecting China’s Hudong-Zhonghua Shipbuilding for a new tranche of LNG carrier tonnage. Newbuilding sources said BGT has agreed to…

  • Atlantic Bulk Carriers back for four more ultramaxes in China

    Atlantic Bulk Carriers back for four more ultramaxes in China Greek dry bulk owner Atlantic Bulk Carriers Management is pressing ahead with its fleet renewal drive, returning to China for another round of ultramax newbuildings. Brokers in Greece report that the Piraeus-based company has ordered four 63,500 dwt ultramaxes at Nantong Xiangyu Shipbuilding & Offshore…

  • Yangzijiang Maritime seals SGX debut with multiple vessel deals

    Yangzijiang Maritime seals SGX debut with multiple vessel deals Yangzijiang Maritime Development marked its first day on the Singapore Stock Exchange’s mainboard with a string of new vessel deals, underscoring its ambitions as a growing maritime financial and asset management player. The company said it has signed contracts with a Marshall Islands-based owner for the…

  • Splash Wrap: Flows shift again

    Splash Wrap: Flows shift again The Houthis officially announced that they have paused maritime attacks on Israel and lifted their so-called naval blockade on Israeli ports. This announcement appeared at the end of a letter sent to Hamas’s military wing, Kata’ib al-Qassam, by the newly appointed Houthi chief of staff, Yousef Hassan Al-Madani, who succeeded…

  • Vietnam’s Hai An steps up fleet growth with DSIC newbuild deal

    Vietnam’s Hai An steps up fleet growth with DSIC newbuild deal Vietnam’s Hai An Transport and Stevedoring has stepped up its fleet expansion drive with an order for its largest containerships to date. The Hanoi-based shipowner has contracted Dalian Shipbuilding Industry Co (DSIC), part of China State Shipbuilding Corp, for up to four 7,100 teu…

  • JME returns to New Dayang for another bulker newbuild

    JME returns to New Dayang for another bulker newbuild Greek owner JME Navigation has returned to China’s New Dayang Shipbuilding for another ultramax bulker, continuing a fleet expansion drive that has gathered pace over the past two years. The shipbuilding arm of state-run machinery manufacturer Sumec Group has been contracted to build one Crown 63…

  • Fujian Guohang drops two bulker orders at Jiangsu Haitong

    Fujian Guohang drops two bulker orders at Jiangsu Haitong Chinese bulker owner Fujian Guohang Ocean Shipping has scrapped plans to build two 73,800 dwt bulk carriers at Jiangsu Haitong Offshore Engineering Equipment, saying the ships no longer fit its strategic direction. The Beijing Stock Exchange-listed company’s board approved the decision to terminate the construction contract,…

  • Ebe breaks new ground with Chinese newcastlemax order

    Ebe breaks new ground with Chinese newcastlemax order Belgian shipowner Ebe has placed its first-ever shipbuilding order in China, marking a return to the large bulker segment after nearly a decade. The Basile Aloy-led company has ordered two firm plus one optional 210,000 dwt ammonia-ready newcastlemax bulk carriers at Qingdao Beihai Shipbuilding, with delivery of…

  • Splash Wrap: Deals, diplomacy and disruption

    Splash Wrap: Deals, diplomacy and disruption Donald Trump’s tour of Asia provided the biggest shipping news of the week. His meet-up with his Chinese counterpart, Xi Jinping, yesterday saw the tit-for-tat port fees shelved for a year, and panamaxes surging as China committed to resume buying large amounts of American grain. Trump’s earlier meetings this…

  • Capital Maritime adds capesize brace to expanding Chinese orderbook

    Capital Maritime adds capesize brace to expanding Chinese orderbook Greek shipowner Evangelos Marinakis is extending his shipbuilding campaign into the dry bulk sector, with his Capital Maritime & Trading placing an order for two capesize bulk carriers at China’s Hengli Shipbuilding. Several shipbuilding sources confirmed the deal, saying delivery of the 180,000 dwt units is…

  • Monaco owner Transocean breaks into boxships with newbuilds in China

    Monaco owner Transocean breaks into boxships with newbuilds in China Monaco-headquartered Transocean Maritime Agencies has been revealed as the buyer behind an order for containership newbuildings in China, marking the company’s latest fleet expansion and its first step into the box segment. Industry sources and shipbuilding databases show Transocean has contracted two 1,930 teu vessels…

  • Queue times for commodity vessels off Chinese ports hit highs not seen since 2022

    Queue times for commodity vessels off Chinese ports hit highs not seen since 2022 Xi Jinping’s meeting with Donald Trump in South Korea later this week cannot come soon enough to smooth troubled commodity supply chains with vessels backing up off China on a scale not seen for years.  Queue times for commodity vessels off…

  • Jinhui clears out another ageing supramax

    Jinhui clears out another ageing supramax Oslo-listed Jinhui Shipping and Transportation has sold another of its older supramax bulk carriers as part of its ongoing fleet renewal drive. The Hong Kong-based owner said it agreed to dispose of a 2012-built, 56,469-dwt Jin Mao for $13.2m to China’s New Unite Marine. The vessel, built at Jiangsu…

  • Huarong Leasing lines up newcastlemax newbuild brace

    Huarong Leasing lines up newcastlemax newbuild brace China’s Huarong Financial Leasing has signed up for two newcastlemax bulk carriers at Taizhou Kouan Shipbuilding, marking its first newbuilding move in the segment and a rare order for the yard. The leasing company said the 210,000 dwt newbuildings will cost $71m apiece, with delivery likely scheduled for…

  • Bruton firms up VLCC order at New Times Shipbuilding

    Bruton firms up VLCC order at New Times Shipbuilding Tor Olav Trøim-backed Bruton has finalised contracts with New Times Shipbuilding in China for two scrubber-fitted VLCC newbuildings, with options for two more of the same design. The Oslo-listed company said the deal was concluded through its wholly owned subsidiary Andes Tankers III, which has now…

  • China and India step back from Russian oil under US pressure

    China and India step back from Russian oil under US pressure The oil markets are in flux today as tanker trades retrench and Russia’s two largest buyers of oil pause buying the fuel that has helped fund Moscow’s war in Ukraine for the past three and a half years.  News has emerged in the past…

  • Peter Döhle boosts boxship fleet with four newbuilds in China

    Peter Döhle boosts boxship fleet with four newbuilds in China Hamburg-based shipowner Peter Döhle Schiffahrts is expanding its container fleet with an order for four feedermax vessels in China. Shipbuilding sources report that the 2,900 teu ships have been booked at China’s CSSC Guangzhou Huangpu Wenchong Shipbuilding, with deliveries scheduled between late 2027 and 2028.…

  • Splash Wrap: Sanctions, shadow fleets, and shifting tides

    Splash Wrap: Sanctions, shadow fleets, and shifting tides US president Donald Trump unveiled sweeping sanctions on Russia’s top oil producers, Rosneft and Lukoil, this week in his most extensive energy crackdown since returning to office. Aimed at forcing Moscow toward peace talks, the measures cut the companies off from US banking and dollar systems. The…

  • Flag-hopping hits extreme levels

    Flag-hopping hits extreme levels The monthly publication of Clarksons Research’s World Fleet Monitor increasingly shows data that reflects the extraordinary geopolitical challenges and machinations that shipping has to navigate in 2025. With flag-hopping becoming standard operating procedure for the shadow – or parallel – fleet, monthly changes in registry numbers have never been so extreme…

  • How geopolitics is redrawing the world’s shipping routes

    How geopolitics is redrawing the world’s shipping routes Globalisation isn’t dead, but it’s changing course, writes Neil Shearing, group chief economist at Capital Economics, and author of this year’s bestseller The Fractured Age. Commentators have been quick to declare globalisation dead. But, as is so often the case in economics, the reality is more complicated…

  • Alberta Shipmanagement makes boxship debut with Chinese newbuild order

    Alberta Shipmanagement makes boxship debut with Chinese newbuild order Greek owner Alberta Shipmanagement has made its first move into the containership sector, joining a growing number of traditional tanker and bulker players diversifying their fleets. Industry databases show the Athens-based company has ordered two 1,930 teu vessels at CSSC Guangzhou Huangpu Wenchong Shipbuilding, with deliveries…

  • Greek owners Eastmed and Seanergy turn to China’s Hengli for bulker newbuilds

    Greek owners Eastmed and Seanergy turn to China’s Hengli for bulker newbuilds Two Greek shipowners have placed fresh orders in China as Hengli Heavy Industries continues to build its orderbook with European tonnage. The Dalian-based shipyard confirmed contracts for five bulk carriers worth around $211m from US-listed Seanergy Maritime and Eastern Mediterranean Maritime (Eastmed). Seanergy,…

  • Evergreen taps Samsung Heavy and Guangzhou Shipyard International for 14 ships

    Evergreen taps Samsung Heavy and Guangzhou Shipyard International for 14 ships Taiwan’s Evergreen has split its next fleet expansion plans equally between China and South Korea. Greek broker Intermodal is reporting Taiwan’s largest liner has ordered 14 LNG dual-fuel 14,000 teu vessels, split equally between Guangzhou Shipyard International (GSI) and Samsung Heavy Industries. Costing about…

  • Huayuan Star orders methanol-ready kamsarmax brace

    Huayuan Star orders methanol-ready kamsarmax brace China’s Huayuan Star Shipping has turned to the newbuilding market to expand its fleet with an order for two kamsarmax bulk carriers at compatriot yard Jiangsu Haitong Offshore Engineering Equipment. A signing ceremony was recently held in Shanghai to formalise the deal. The 85,000 dwt vessels are scheduled for…

  • Yang Ming’s dry bulk arm readies four newbuilds in fleet renewal push

    Yang Ming’s dry bulk arm readies four newbuilds in fleet renewal push Kuang Ming Shipping, the dry bulk subsidiary of Taiwan’s Yang Ming Marine Transport, is returning to the newbuilding market with plans approved to order four vessels. The newbuilds, sized between 45,000 and 69,999 dwt, will be capable of transporting major bulks such as…

  • Pacific Basin shifting half of bulker fleet to Singapore to limit US port fee exposure

    Pacific Basin shifting half of bulker fleet to Singapore to limit US port fee exposure Hong Kong-listed Pacific Basin Shipping is moving half of its bulker fleet to Singapore and reflagging vessels under its Singapore entity to reduce exposure to new US port fees introduced under the USTR Section 301 scheme. The move comes after…

  • Panamax boxship hit with $1.7m Shanghai fee as China’s new port levies bite

    Panamax boxship hit with $1.7m Shanghai fee as China’s new port levies bite $1.7m. That’s the fee – or RMB12.1m – that the German owners of the US-flagged Matson Waikiki are being forced to pay to allow the vessel to dock in Shanghai, a sizeable sum, and an indication of the chaos, and costs, that…

  • Sogestran orders two new bunker tankers in China

    Sogestran orders two new bunker tankers in China France’s Sogestran Group is upgrading its bunker tanker fleet with an order for two new vessels at China Merchants Industry Yangzhou Dingheng Shipyard. The deal, which extends a long-standing partnership between its subsidiary Maritima with Petroineos in southern France, covers 4,500 cu m newbuilds set to replace…

  • Shandong Ocean Shipping bets on capesize segment with two Hengli newbuilds

    Shandong Ocean Shipping bets on capesize segment with two Hengli newbuilds China’s Shandong Ocean Shipping Group is expanding into the capesize bulker segment with a pair of newbuildings. The maritime logistics arm of Shandong Port Group has returned to Hengli Shipbuilding for the 181,000 dwt vessels as part of a strategic push to strengthen its…

  • MPC Container Ships keeps renewal momentum with newbuilds at Fujian Mawei

    MPC Container Ships keeps renewal momentum with newbuilds at Fujian Mawei Oslo-listed tonnage provider MPC Container Ships (MPCC) has pressed ahead with its fleet renewal programme, ordering two 1,600 teu containerships from Fujian Mawei Shipyard in China. The vessels, designed for Northern European feeder trades, are due for delivery in the second half of 2027…

  • US hits Iranian energy export network and Chinese import hub in sweeping sanctions move

    US hits Iranian energy export network and Chinese import hub in sweeping sanctions move The US has imposed sweeping sanctions on a vast network tied to Iran’s oil and gas exports, blacklisting more than 50 individuals and entities and identifying more than 30 vessels linked to shipments of sanctioned crude and LPG — including one…

  • USTR fees could impact 35% of key sectors’ ships: BIMCO

    USTR fees could impact 35% of key sectors’ ships: BIMCO When fees from the Office of the United States Trade Representative (USTR) targeting Chinese dominance of the maritime sector come into effect next week on October 14, 35% of ships in the combined bulk, crude tanker, product tanker and container fleet could be subject to…

  • Dynacom snaps up four Hengli VLCC resales

    Dynacom snaps up four Hengli VLCC resales Greek shipowner Dynacom Tankers is expanding its vast crude carrier programme with a fresh quartet of VLCC newbuildings at China’s Hengli Heavy Industries, adding to the two it contracted last year. Shipbuilding sources said the 306,000 dwt vessels are part of a series originally ordered by Hengli Group…

  • US unveils payment rules for new China vessel fees

    US unveils payment rules for new China vessel fees US Customs provided over the weekend more details about the upcoming hiked port fees for Chinese-linked tonnage, due to come into effect next week. The notice makes clear: the burden for determining liability lies squarely with the vessel operator, not US Customs. Vessels failing to show…

  • CMT adds pair of newcastlemax orders at Qingdao Beihai

    CMT adds pair of newcastlemax orders at Qingdao Beihai Taiwan’s Chinese Maritime Transport (CMT) has returned to China State Shipbuilding Corporation’s Qingdao Beihai yard with an order for two newcastlemax bulk carriers. The Taipei-listed owner confirmed it will pay between $76m and $79.8m per 210,000 dwt vessel. Deliveries have not yet been disclosed. The order…

  • German owners line up MPP newbuild series in China

    German owners line up MPP newbuild series in China Germany’s HS Shipping Group (HS Schiffahrt) has teamed up with shipping financier Mare Trust for a major push into the multipurpose heavylift segment, securing newbuildings at Jiangsu Soho Marine Heavy Industry in China. The partners confirmed firm orders for four 12,500 dwt vessels, with deliveries scheduled…