$1 Billion! Ray Car Carriers Turns to Chinese Shipyard for First Time

According to industry sources, Ray Car Carriers, a shipping company that has long concentrated its newbuilding orders with Korean shipyards, has made a strategic shift by turning to China for the first time and is in advanced negotiations for a major order of pure car and truck carriers (PCTCs) worth approximately US$1 billion. The company, controlled by Abraham (Rami) Ungar, has broken with its tradition of more than two decades of placing orders exclusively with South Korea's HD Hyundai Group.

Cochin Shipyard's ₹500 Billion Shipbuilding Project Gets Green Light in Kerala

Recently, the Government of Kerala, India, approved a major industrial investment plan to lease an 18-acre plot of land in Kochi to the central public sector undertaking Cochin Shipyard Ltd for the construction of a ship block fabrication facility.

99,000‑cubic‑meter Very Large Ethane/Ethylene Carrier Delivered Today

Today (August 18), China's domestically developed and built 99,000‑cubic‑meter Very Large Ethane/Ethylene Carrier (VLEC) was officially delivered to its user, with comprehensive technical indicators reaching internationally leading levels.

Ningbo Ocean commits RMB 832 million for four new container ships

On August 14, Ningbo Ocean Shipping Co., Ltd. (hereinafter referred to as "Ningbo Ocean" or "the Company") announced that its four wholly-owned subsidiaries have officially signed shipbuilding contracts with Wuchang Shipbuilding Industry Group Co., Ltd. and China Shipbuilding Trading Co., Ltd. for four 1,900 TEU container vessels.

Renowned Greek tanker owner re-enters the MR newbuilding market

Recently, Pantheon Tankers, a renowned Greek tanker owner, has returned to the MR product tanker newbuilding market, placing an order with COSCO Shipping Heavy Industry (Guangdong) for two 50,000 dwt MR product tankers, with delivery scheduled for 2029.

Highton Development Invests Another RMB 600 Million to Build Multi‑Purpose Heavy‑Lift Vessels

On August 14, 2026, Fujian Highton Development Co., Ltd. (hereinafter referred to as "Highton Development," stock code: 603162) announced that its wholly-owned subsidiary, Highton International Shipping Co., Ltd. (hereinafter referred to as "Highton International"), plans to invest no more than RMB 600 million (excluding tax) in the construction of two 62,000 DWT multi-purpose heavy-lift vessels, and has signed a shipbuilding contract with Taizhou Kouan Shipbuilding Co., Ltd.

At least 8 workers dead in toxic gas leak at LNG shipbreaking yard

A toxic gas leak at a shipbreaking yard in the Chattogram region of southeastern Bangladesh has killed at least eight workers, with several others missing and many injured. The tragedy has once again cast a harsh spotlight on the long-standing safety and environmental problems plaguing the global shipbreaking industry.

Explosion at shipyard in Fujian injures 12 people

According to a notice from the Fuan City Fire and Rescue Bureau, a fire broke out at the Huahai Shipyard in Gantang Town, Fuan City, at 13:09 on August 13. Upon receiving the report, the Fuan City Fire and Rescue Bureau dispatched units to the scene. At 13:25, the local fire station arrived and began firefighting and rescue operations. At 14:10, a sudden explosion occurred at the scene. Currently, 10 firefighters and 2 civilians have been injured and have been sent to the hospital for treatment. Firefighting efforts are still ongoing.

Wan Hai finalizes order for 8 new vessels worth $1 billion!

On August 12, Wan Hai Lines announced a new round of shipbuilding investment, placing an order with Shanghai Waigaoqiao Shipbuilding Co., Ltd. for a total of 8 container vessels, comprising seven 11,000 TEU units and one 9,200 TEU unit. This follows the company’s order for 6,000–9,200 TEU dual-fuel ready vessels in March this year, marking another step in expanding its green fleet.

Winning International's Second WinningMax Ore Carrier "Winning Brave" Handed Over Ahead of Schedule

On August 12, Winning International Group's second 325,000‑tonne WinningMax very large ore carrier, the Winning Brave, held its naming and delivery ceremony at Pier No. 2 of Qingdao Beihai Shipbuilding Co., Ltd. (hereinafter "Beihai Shipbuilding"), a subsidiary of China State Shipbuilding Corporation (CSSC). This marks another significant milestone for the WinningMax series, coming less than two months after the delivery of the lead vessel, the *Winning Ambition*, on June 16.