Chinese shipbuilders recorded a 173% rise in newbuilding orders by tonnage in the first half of 2026, exceeding the previous full-year all-time record.
COSCO Shipping Specialised Carriers will invest up to RMB2.624 billion in eight 60,000 dwt heavylift vessels at CSSC Chengxi Shipyard for offshore wind equipment and project cargo transport.
Avenir LNG has launched Avenir Ambition at Nantong CIMC Sinopacific Offshore & Engineering in China. The vessel will join the fleet after final outfitting is completed.
Berg Propulsion will supply propulsion packages for six 7,000 dwt multipurpose dry cargo vessels being built by Jiangsu Dajin Heavy Industry for Carisbrooke Shipping.
ADNOC Logistics & Services has ordered four 175,000 m³ LNG carriers from Jiangnan Shipyard for $900 million, with all four vessels scheduled for delivery in 2029.
Global newbuilding orders fell 45% month-on-month in May 2026 to 4.5 million CGT, while China and South Korea together held most of the market, according to Clarksons data.
China has added a fifth LNG carrier builder with Celsius Georgetown, intensifying competition with Korean yards as orders rise, prices tighten and technology gaps narrow.
U.S. sanctions on Hengli Petrochemical (Dalian) Refinery have raised compliance questions for Hengli Heavy Industry Group, although the Dalian shipyard has not been directly named as a sanctions target.
CRBG took delivery of CRBG Pile No. 1 in Nantong on 31 March 2026, marking a major application of China’s domestically developed DP+Winch Control technology on an ultra-large pile-driving vessel.
