Wah Kwong places first VLCC newbuilding order for a decade
Hong Kong owner will jointly own two newbuildings with CSIC Leasing
Wah Kwong places first VLCC newbuilding order for a decade Read More »
July 2019
CSSC and CSIC merger sets up battle with South Korean rivals
China’s big two shipyard groups seek to build up deals for finance subsidiaries as they prepare for their now confirmed unification
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Ultra Deep Solutions dives deep with plans to double size of fleet
Singapore-based diving support and construction vessel niche player says state-of-the-art is the key driver in its small corner of the offshore sector
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Cosco brings back political commissars on its ships
Chinese owner advertises for Communist Party members at $87,000 per year to oversee crew indoctrination, communicate directives and to combat smuggling
Cosco brings back political commissars on its ships Read More »
No Rebound in Sight for Ship Demolition Volumes
2019 was expected to bring about a new batch of ships eligible for recycling, in a further boost to the shipping markets. However, this hasn’t been the case during the first quarter of the year. In its latest weekly report, shipbroker Clarkson Pl…
No Rebound in Sight for Ship Demolition Volumes Read More »