Chinese yards accounted for 50% of 2023 world shipyard output on a compensated gross tonnage (CGT) basis, according to Clarksons Research.

China was the world’s largest shipbuilding nation in 2023 across all three measures of output, new shipbuilding contracts and orders-on-hand. It was also achieved double-digit growth across all three in 2023.

LNG giant QatarEnergy has reportedly entered into an agreement with Hudong-Zhonghua for the construction of eight Q-Max LNG carriers, as part of its shipbuilding programme.

Feeder operator Regional Container Lines has ordered four 4,000 teu boxships from CSSC Huangpu Wenchong Shipbuilding at a total cost of $56.6 million.

The Maritime and Port Authority of Singapore (MPA) has selected the Pyxis Energy, Pyxis Maritime and SP Mobility partnership, Seatrium, and Yinson Electric to test their charging concepts for electric harbour craft (e-HC).

Spot container freight rates jumped another 15 – 16% over the last week as shippers continue to react to disruption caused to shipping by attacks in the Red Sea.

Cosco Shipping has announced the acquisition of Italian logistics supply chain company Trasgo via Coscos Srl, the joint venture between Cosco Shipping Europe and Fratelli Cosulich.

Chinese electric car maker BYD’s first car carrier BYD Explorer 1 has launched into operation exporting vehicles to Europe.

As the Panama Canal’s climate and water woes continue Maersk is switching to use a land bridge for an Oceania – Americas service which will be split in two.