10 vessels, $1 billion: as car carrier capacity tightens, shipowner makes first-ever Chinese shipyard order

On September 2, China Shipbuilding Industry Corporation (hereinafter referred to as "China Shipbuilding") announced that its subsidiary, Guangzhou Shipyard International Co., Ltd. (hereinafter referred to as "GSI"), together with China Shipbuilding Trading Co., Ltd., signed newbuilding contracts on September 1, 2026 with a well-known shipowner for ten 8,200-CEU LNG dual-fuel pure car and truck carriers (PCTCs). The total contract value exceeds US$1 billion, with deliveries scheduled between 2029 and 2031.

Samsung Heavy Industries has received an order for two 13,000 TEU container ships

On August 31, Samsung Heavy Industries disclosed that it had received an order for two container ships from an African shipping company, with a total value of KRW 444.5 billion (approximately USD 330 million), scheduled for delivery by December 2028.

8 Ships! Wind Power Firm Makes Comeback in Large Tanker Market

Affected by climate anomalies such as El Niño and severe storms, port congestion continues to intensify, constraining effective vessel supply capacity. This has prompted some liner companies to return to the shorter Europe-bound routes via the Suez Canal.

World's First 325,000 DWT Methanol Dual-Fuel Digital Intelligent Ore Carrier Named

On the morning of September 1, the world’s first 325,000‑deadweight‑tonne methanol dual‑fuel ore carrier, built by COSCO SHIPPING Heavy Industry, to be operated by COSCO SHIPPING Bulk, and equipped with the world’s first shipborne digital delivery system, was officially named “YUAN HAI SI LU” in Yangzhou, Jiangsu Province. The completion and naming of this vessel mark significant breakthroughs for China’s shipbuilding industry in both green propulsion and digital delivery, offering a new “China Solution” for the green and intelligent transformation of the global shipping industry. It also provides safer, more reliable, and more sustainable transport capacity to ensure the stable and smooth operation of shipping routes for the global commodity industrial chain and supply chain.

Kawasaki Kisen Kaisha (K Line) officially announced the order of three VLCCs

As the Japanese government gradually elevates ship control rights and maritime transport capacity to the level of economic security issues, Japan is planning a comprehensive review of its tax support policies for the international shipping industry. On August 28, the Maritime Bureau of Japan's Ministry of Land, Infrastructure, Transport and Tourism announced that it plans to deliberate four core tax measures concerning the international shipping industry as a comprehensive package during the 2027 fiscal year tax reform consultations.

Nearly 1 Billion Yuan Mega Order! Domestic Listed Company to Build 6 New Oil/Chemical Tankers

On the evening of August 31, Nanjing Sheng Hang Shipping Co., Ltd. (hereinafter referred to as "Shenghang Shipping" or the "Company") issued an announcement stating that the Company's Fourth Board of Directors' 39th Meeting had reviewed and approved a proposal regarding the investment in and construction of six 13,500 deadweight tonnage stainless steel chemical/product oil tankers.

Winning International Adds Two More WinningMax Giant Vessels, Built by Hengli Heavy Industry!

On August 30, a grand naming ceremony was held for two 325,000 DWT WinningMax Very Large Ore Carriers (VLOCs) owned by Winning International Group. Ms. Ma Yan, the ship sponsor, named the two giant vessels "WINNING CREATION" and "WINNING DEVOTION." This naming ceremony not only marks the official debut of the first batch of WinningMax vessels built for Winning International by Hengli Heavy Industry, but also heralds the first tangible results of the deep synergy in new shipbuilding between the two parties since they forged a strategic partnership in June 2024.

First Overseas Shipowner! Seaspan Pays P&I Premiums in RMB

In the global shipping finance and insurance sector, the internationalization of the renminbi (RMB) has reached a landmark milestone. Recently, Seaspan Corporation, led by Chen Bing, officially introduced the RMB into the international Protection and Indemnity (P&I) insurance market, becoming the first overseas shipowner to pay P&I club premiums in RMB to the China Shipowners Mutual Assurance Association.

4 More LPG Carriers! Turkish Owner PascoGas Places Order

HD Korea Shipbuilding & Offshore Engineering disclosed before August 24 that it had secured orders for four LPG carriers, with a total value of 515.4 billion won (approximately $370 million), scheduled for delivery in the first half of 2030.

Hengli Heavy Industry Posts Stellar Half-Year Performance with Net Profit Surging 457%

On the evening of August 24, Songfa Shares released its semi-annual report for 2026, with its core shipbuilding asset Hengli Heavy Industry delivering results that exceeded expectations. In the first half of the year, the company achieved operating revenue of RMB 23.504 billion, a year-on-year increase of 251.87%; net profit attributable to shareholders of the listed company reached RMB 3.609 billion, up 457.67% year-on-year; and non-recurring net profit stood at RMB 3.514 billion, a massive year-on-year surge of 2,935.31%.