Tuesday, 31st March 2015
31st March 2015

Troubled Chinese yard China Rongsheng has seen a change in its board with the resignation of Luan Xiao Ming as an executive director and chief operating officer of the company with effect from 31 December 2013.

The surplus shipbuilding capacity in China will take at least five years to be digested, pointing to a gloomy outlook in 2014, according to Zhang Guangqin, president of China Association of the National Shipbuilding Industry (Cansi).

Sembcorp Marine's subsidiary PPL Shipyard has clinched an order to build a third jack-up rig worth $211.5m for Perisai (L) Inc, a wholly-owned subsidiary of Perisai Petroleum Teknologi.

More dire predictions have been made about Hong Kong's future as a major port, with reports in local media predicting a likely further fall in business volume next year, after two consecutive years of declines in container throughput and finally losing its third busiest port status to Shenzhen this year.

Even before it can get off the ground, there are already disagreements about the direction Shanghai should take with its planned free trade zone (FTZ), according to local media reports citing shipping executives in the city.

China Rongsheng Heavy Industries has won an order to construct up to six very large ore carriers (VLOCs) for Hong Kong-based Ocean Line Holdings.

Hyundai Heavy Industries (HHI), the world's largest shipbuilder, will form a new ship design subsidiary through the expansion of its unit Mipo Engineering Co.

Nanjing Tanker Corporation (NJTC) is planning to acquire 10 VLCCs and 10 MR tankers that are currently on 10-12 years of time charter contracts.

China Cosco's subsidiary Prosperity Investment 2011 Limited has booked four 64,000 dwt dry bulk carriers at Huangpu Wenchong shipyard.

Malaysian shipbuilder Nam Cheong has won an order worth $66m to sell three build-to-stock anchor handling tug supply (AHTS) vessels and one maintenance/work vessel (MWV).

Headlines Asia

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