John Fredriksen has returned once again to China’s Hengli Shipbuilding, adding more VLCC tonnage as the shipping tycoon keeps pressing ahead with fleet renewal ... Fredriksen’s wider tanker interests are heavily exposed to Hengli with multiple newbuilds.
Potential conflicts with subcontracted workers have emerged as a major risk for Korean shipbuilders, even as the companies are expected to continue posting solid earnings this year.
In regulatory filings, COSCO said it has ordered twelve 18,000 teu LNG dual-fuel containerships at CSSC’s Jiangnan Shipyard, alongside six 3,000 teu conventionally powered vessels at COSCO Zhoushan Shipyard.