Recently, Daewoo Shipbuilding has undersold one of its subsidiary Daewoo Ship Engineering Company?DSEC?, the price is about 70 billion won (about 58 million 100 thousand dollars). Earlier this year, DSEC signed a $120 million design contract with the US NASSCO …
Chinese shipyards still have funds for future investment, focusing on building their own brands.
On October 25th, Yuchai Marine Power Co., Ltd. (YCMP) and the Win GD signed a purchase contract of 3 7RT-flex50DF dual fuel low speed engine. These engines will be used by the Wenchong Shipyard of CSSC to build 1400TEU container …