Irene Ang

2 days ago | tradewindsnews.com | Irene Ang

Shandong Ocean Shipping Group is turning to the shipbuilding market to expand its fleet. The shipping arm of Shandong Port Group has struck a deal with domestic shipyard Hengli Shipbuilding to construct two 95,500-dwt bulk carriers. The Chinese company is splashing out CNY 548m ($76.3m)

2 days ago | tradewindsnews.com | Irene Ang

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) is said to be adding tanker newbuildings worth $254m to its orderbook. Market sources said South Korean shipowner Pan Ocean has picked the group to build two VLCC newbuildings for delivery by the first half of 2028.

3 days ago | tradewindsnews.com | Irene Ang

Some 18 VLCC newbuildings worth more than $2.25bn could be ordered in the coming months as ageing ships are replaced and oil production looks set to increase. Shipbuilding sources told TradeWinds there was rising interest in VLCC newbuildings, and that a raft of big-name shipping companies were in talks with South Korean and Chinese shipyards.

3 days ago | tradewindsnews.com | Irene Ang

Zhoushan Changhong International Shipyard has struck a newbuilding deal with a shipping company for up to eight aframax product tankers. The Chinese shipbuilder disclosed that the newbuilding contract involved six firm vessels plus an option for two additional ships. Zhoushan Changhong declined to disclose the identity of the buyer, citing contract confidentiality.

4 days ago | tradewindsnews.com | Irene Ang

Navios Maritime Partners has extended its orderbook by acquiring a pair of resale tanker newbuildings. The Angeliki Frangou-led company is said to have bought two conventionally-fuelled aframax product carriers from Pro Tanker Investment — a shipping company launched by New Changjiang Group, which owns Chinese shipbuilder Zhoushan Changhong Shipyard, where the vessels are being built.