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News and Commentary
Global shipbuilding capacity set for 20% decline amid newbuild market 'perfect storm' - 04/10/2017
With a "perfect storm" in the newbuilding market, global shipbuilding capacity is set to decline by 20 - 30% by the end of the decade according to Clarksons Platou. The majority of this decline will be at Korean yards. In China, capacity is expected to fall as well.
For the complete story, see:
http://www.seatrade-maritime.com/news/asia/global-shipbuilding-capacity-set-for-20-decline-amid-newbuild-market-perfect-storm.html
MJ - The Switch signs partnership agreement with CSIC/711 - 05/10/2017
Finland-headquartered, Japanese-owned The Switch and China's CSIC/711 shipbuilding institute have entered into a strategic partnership agreement.
For the complete story, see:
http://www.maritimejournal.com/news101/industry-news/the-switch-signs-partnership-agreement-with-csic711
Splash 24/7 - CSSC and CSIC merger speculation grows - 27/09/2017
Eighteen years after they were split apart - with the Yangtze river serving as the demarcation line - China's top two shipbuilding groups are hotly tipped to come back together again.
For the complete story, see:
http://splash247.com/cssc-csic-merger-speculation-grows/
TradeWinds - Qingdao Beihai adds up to nine VLOCs to orderbook - 28/09/2017
Ship finance and shipowning team of ICBC and China Merchants is set to strike again at Qingdao-based yard with second series of VLOCs.
For the complete story, see:
http://www.tradewindsnews.com/finance/1353995/qingdao-beihai-adds-up-to-nine-vlocs-to-orderbook
Seatrade Maritime News - Cosco yards win orders for bulkers and multi-purpose carriers - 28/09/2017
Cosco (Dalian) and Cosco (Zhoushan) Shipyards for two multi-purpose vessels and four bulkers respectively plus options.
For the complete story, see:
http://www.seatrade-maritime.com/news/asia/cosco-yards-win-orders-for-bulkers-and-multi-purpose-carriers.html
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Media Releases
NCS - Delivery of No.7 111,000 DWT Oil Tanker - 29/09/2017
On September 26, the closing ceremony for No.7 111,000 DWT Oil Tanker was held at the meeting room on 8th floor of New Times Office Building. Our CEO Mr. Liu Haijin, Executive General Manger Mr. Zhang Yuyong and representatives from Owner Frontline attended this ceremony. The delivery documents for this ship were successfully signed by both parties.
http://www.ncship.com.cn/eng/show.asp?ID=2244
NCS - Delivery of No.3 180,000 DWT Bulk Tanker - 29/09/2017
On September 28, the closing ceremony for No.3 180,000 DWT Bulk Tanker was held at the meeting room on 8th floor of New Times Office Building. Our CEO Mr. Liu Haijin, Executive General Manger Mr. Zhang Yuyong and representatives from Owner Frontline attended this ceremony. The delivery documents for this ship were successfully signed by both parties.