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Logistics Greek Owner JME Navigation Adds Another Ultramax to New Dayang Orderbook, Securing 2030 Delivery Slot
JME Navigation has ordered another 64,000 dwt ultramax from New Dayang Shipbuilding, scheduled for early 2030 delivery. The deal lifts JME's orderbook at the yard to three Crown 63 vessels, with the first due July 2027. No price has been disclosed, but a recent comparable order valued similar ships at about $38.5 million apiece.
Logistics COSCO orders eight heavylift ships at Chengxi Shipyard to boost offshore wind capacity
COSCO Shipping Specialised Carriers has ordered eight 60,000 dwt multipurpose heavylift newbuildings at CSSC Chengxi Shipyard with an investment of up to RMB2.624bn ($387.8m). Deliveries are scheduled from April 2029 to June 2030 to meet growing demand from offshore wind and Chinese industrial equipment exports. This follows previous orders for four 40,000 dwt ships and a leasing deal for six similar vessels.
Logistics Seacon Adds $66m Bulker Pair at Tsuneishi Zhoushan for 2028 and 2030 Delivery
Hong Kong-listed Seacon Shipping has ordered two handysize bulk carriers at Tsuneishi Group (Zhoushan) Shipbuilding for a total of $66m, with deliveries in 2028 and 2030. The newbuilds add to Seacon's extensive pipeline of 44 vessels under construction at the end of 2025. Meanwhile, Seacon agreed to sell the 2023-built bulker Seacon Tokyo for $41.6m, generating a gain of about $9.86m.
Logistics Nanjing Tanker Orders Four MR Product Tankers at GSI for $182.8M
China's Nanjing Tanker has approved a $182.8M order for four MR product and chemical tankers at Guangzhou Shipyard International (GSI), with delivery scheduled across 2028 and 2029. The vessels will meet IMO Tier III and EEDI phase 3 standards and be prepared for methanol dual-fuel conversion. The order extends a long relationship between the two companies, with GSI having already delivered over 10 MR units to Nanjing Tanker.
Logistics China Merchants Energy Shipping Orders $728m VLOC Fleet, Its First in Over a Decade
China Merchants Energy Shipping has placed a $728m order for six 343,000 dwt very large ore carriers, its first VLOC newbuilding in over a decade. The vessels will be built by sister company China Merchants Shipbuilding Industry and are intended for long-term contracts with major commodity traders. Deliveries are scheduled across 2029 and 2030, subject to shareholder approval on July 28.
Logistics COSCO Shipping Bulk Orders Four Newcastlemaxes at Qingdao Beihai for 2029 Delivery
COSCO Shipping Bulk has ordered four newcastlemax bulk carriers from CSSC Qingdao Beihai Shipbuilding, with delivery expected in 2029. The 210,000 dwt vessels are designed for future alternative fuel conversion. This follows a three-ship order earlier this year, part of a wider dry bulk expansion by the COSCO group.
Logistics Rubico Acquires MR Tanker Newbuilding from Top Ships in Fleet Expansion Deal
Nasdaq-listed tanker owner Rubico has agreed to acquire an MR tanker newbuilding from former parent Top Ships for about $6.25m for the shares of a special-purpose company holding the contract. The 47,499 dwt product and chemical tanker, built at Guangzhou Shipyard International (GSI), is priced at $45.2m and scheduled for delivery in Q3 2029. The vessel has been fixed to an unnamed major oil trader for seven years with extension options, carrying potential gross revenue of about $75.4m.
Logistics Andriaki Shipping Breaks Decade-Long Newbuilding Silence with LR1 Tanker Pair at Chinese Yard
Greek tanker owner Andriaki Shipping has been linked to its first newbuilding order in about a decade, booking two 73,500 dwt LR1 tankers at China's New Times Shipbuilding. The scrubber-fitted vessels are priced at about $55.1m each and expected to deliver in 2030, marking a rare move into Chinese shipyards for the conservative owner.
Manufacturing Aastha Spintex secures ₹77 crore cotton yarn order, boosting production visibility
Aastha Spintex has reported a ₹77 crore order book for cotton yarn for July–October 2026, representing over 21% of FY25 revenue. The orders, backed by repeat customers, follow the acquisition of Falcon Texotube which doubled spinning capacity to 17,457 MT.
Logistics EGPN enters containership market with feeder order at Huangpu Wenchong for two 1,900 TEU vessels
Hong Kong-based owner EGPN has entered the container shipping newbuilding market with an order for two 1,900 TEU feeder vessels at CSSC Huangpu Wenchong Shipbuilding, scheduled for delivery in 2029. The move adds another segment to EGPN's fleet expansion, which has already covered bulkers, product tankers, and chemical tankers. The yard's Swan design continues to attract newcomers and established operators alike.
Logistics Bangladesh's Akij Resource Orders Four Ultramax Bulk Carriers at Chinese Yard Nantong Xiangyu
Bangladesh's Akij Resource has ordered four 63,800 dwt bulk carriers at Nantong Xiangyu Shipbuilding in China. The newbuilds will join its existing fleet of 10 ocean-going bulkers and 50 lighter vessels, potentially increasing capacity on dry bulk routes to Bangladesh. No price or delivery dates have been disclosed.
Logistics Tsakos Energy Navigation Orders Second LNG Carrier from HD Hyundai, Expanding Newbuilding Program to 20 Vessels
Tsakos Energy Navigation (TEN) has ordered a second LNG carrier from HD Hyundai Heavy Industries, scheduled for delivery in the first quarter of 2029. The order expands TEN's newbuilding program to 20 vessels, including LNG carriers, tankers, and shuttle tankers. The company's pro forma fleet now stands at 83 vessels with over 11 million dwt capacity.
Logistics COSCO Shipping Development Orders 24 Dry Bulk Carriers Valued at $1.27 Billion in Leasing Play
COSCO Shipping Development has ordered 24 dry bulk carriers worth RMB8.66bn ($1.27bn), including 20 grain carriers and four newcastlemaxes, with deliveries scheduled from mid-2029 through end of 2030. All vessels will be leased on 240-month charters to Huifeng, a COSCO Shipping Bulk subsidiary, under a structure supporting the Hainan Free Trade Port's renminbi strategy.
Logistics MSC Returns to Megaship Ordering with Up to 20 LNG Dual-Fuel Giants at Hengli
Mediterranean Shipping Co (MSC) has placed an order for up to 20 ultra-large 20,000 TEU LNG dual-fuel containerships at China's Hengli Heavy Industry, according to MB Shipbrokers. The deal, which includes firm orders and options, is one of the largest containership contracts in 2026, with deliveries starting in the first half of 2029.
Logistics Jinjiang Shipping Doubles Yangzijiang Boxship Order with Four More 1,900 TEU Vessels
Shanghai-listed Jinjiang Shipping has firmed up options for four more 1,900 TEU containerships at Yangzijiang Shipbuilding, doubling its feeder newbuilding program to eight vessels. The orders are part of a 4+4 plan worth up to RMB1.94bn, aimed at fleet renewal and Southeast Asia expansion. Deliveries for the latest quartet begin from May 2029, following the first batch from 2028.
Logistics Yasa Holding Tipped for Debut VLCC Newbuilding Order as Supertanker Contracting Surges
Turkish owner Yasa Holding is reportedly ordering four 319,000 dwt VLCC newbuildings at Jiangsu New Hantong Ship Heavy Industry, valued at $125m each and scheduled for delivery in 2029. The order, if confirmed, would be Yasa's first VLCC newbuilding, complementing its existing secondhand VLCC fleet. This comes during the busiest period for supertanker contracting in years, with Q4 2025 and Q1 2026 ordering already topping the highest full-year VLCC order tally on record.
Logistics Transpetro signs $427m contract for four MR1 tankers to boost Brazilian coastal fleet
Transpetro, the logistics arm of Petrobras, has signed a $427m contract with Estaleiro Rio Grande for four 40,000 dwt MR1 tankers. The vessels will transport oil and petroleum products along the Brazilian coast as part of the Mar Aberto programme, which aims to renew and expand Petrobras' shipping capacity with a total investment of about $6bn from 2026 to 2030. First delivery is expected within 33 months, and the company's owned fleet will grow from 26 to 42 vessels by 2030.
Logistics China Merchants Unit Orders Two Kamsarmax Bulk Carriers at Jiangsu Haitong for 2028 Delivery
Shanghai Changjiang Shipping, a China Merchants Group subsidiary, has ordered two 82,000 dwt kamsarmax bulk carriers at Jiangsu Haitong Offshore Engineering Equipment. The vessels are scheduled for delivery in 2028, with market estimates placing the contract value at around $75 million. The order is part of a broader fleet renewal programme within China Merchants Group.
Logistics Tsakos Joins Greek Capesize Ordering Wave at Hengli Heavy Industries
Tsakos Group has contracted two 180,000 dwt capesize bulk carriers at China's Hengli Heavy Industries for about $78m each, with delivery in 2028. The order joins a wave of Greek dry bulk ordering at the yard, including Cape Shipping's separate deal for up to three similar vessels. The moves signal renewed Greek interest in capesize tonnage.
Logistics Everllence Lands First Order for Next-Gen Methane Dual-Fuel Engine on Car Carriers
Everllence has received the world's first order for its new B&W ME-GI Mk10.7 dual-fuel methane engine. The engines will power four 8,600 CEU car carriers being built for Norwegian owner Global Car Carriers (GCC), with manufacturing by CSSC Engine in Qingdao and installation at China Merchants Jinling Shipyard in Nanjing. The engine promises high fuel efficiency, operational flexibility, and negligible methane slip.
Trade Sigma Advanced Systems Secures Rs 208 Crore Artillery Shell Bodies Export Order from North America
Sigma Advanced Systems has secured a US$21.97 million (approx Rs 208 crore) export order to manufacture and supply 40,000 units of 155 mm M107 artillery shell bodies to a North American customer. The order, to be executed over six months, requires advanced metallurgical expertise and export clearance from India's Department of Defence Production.
Logistics Zhejiang Yonghang orders up to six ultramax bulkers at Yangfan Group
Chinese owner Zhejiang Yonghang Shipping has contracted with Yangfan Group for up to six ultramax bulk carriers, with four firm and two optional vessels. The 64,500 dwt ships, designed by SDARI, will be Chinese-flagged and meet latest environmental rules. Estimated newbuild cost is around $34m per vessel. This follows Yangfan Group's recent containership order from Baozhou Shipping.
Logistics Pleiades Expands Fleet with New MR Tanker Order in China
Greek owner Pleiades Shipping has placed an order for two MR tankers at Guangzhou Shipyard International, with deliveries set for late 2028. This move is part of a broader trend in the MR sector, with significant global orders impacting fleet capacity.
Manufacturing BHEL wins Rs 2,000 crore order from Nigerian firm
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Logistics COSCO Expands LNG Fleet with $953m Order at Jiangnan
COSCO Shipping Energy has placed a $953 million order for four LNG carriers at Jiangnan Shipyard, enhancing its LNG fleet. The vessels, scheduled for delivery between 2029 and 2030, are expected to be chartered by Shell.
Logistics BW LPG's $940m VLGC Order Signals Market Confidence
BW LPG has placed a $940 million order for eight VLGCs with HD Hyundai Heavy Industries, marking a strategic shift towards newbuilds. This move underscores BW LPG's confidence in the LPG market's long-term fundamentals.
Logistics Wah Kwong Orders LR2 Tankers at DSIC for Fleet Renewal
Wah Kwong Maritime Transport has ordered two LR2 tankers from DSIC, with options for two more, as part of its fleet renewal strategy. The vessels will include energy-efficiency upgrades and future-fuel readiness.