“China’s First Listed Private Shipbuilder” Sees Q3 Net Profit Surge 390%, with Earnings Acceleration Materializing

On October 28, Guangdong Songfa Ceramics Co., Ltd. (hereinafter “Songfa”) disclosed its 2026 third-quarter report. In the first three quarters, the Company’s net profit attributable to the parent company was RMB 6.673 billion, up 424.87% year on year; net profit excluding non-recurring gains and losses was RMB 6.246 billion, up 807.82% year on year. Order intake, production and delivery, and capacity release advanced in tandem, with earnings accelerating.

HD Hyundai Launches Management Reshuffle: Coordinating the Shipbuilding Segment and Ramping Up New Businesses

According to Shipping World Network, HD Hyundai recently announced its 2026 president-level personnel appointments. The reshuffle focuses on two main themes—coordination of the shipbuilding main business and on-site safety control—while also assigning core management for emerging tracks such as data center power generation engines and small modular reactors (SMRs), sending a clear business direction.

Yangzijiang cashes in US$308 million with sale of six newbuildings

Ren Yuanlin’s Yangzijiang Maritime Development has recently signed shipbuilding sales contracts for six newbuildings.

+12 Vessels! Wallenius Wilhelmsen Advances PCTC Newbuilding Program

Wallenius Wilhelmsen is continuing to advance its large-scale fleet renewal program. The company announced that it has recently signed an agreement with China Merchants Jinling Shipyard to order 4+8 9,900 CEU next-generation car carriers. If all options are exercised, the company’s ongoing newbuilding program will increase to 26 vessels.

Singapore’s Seatrium secures over S$500 million order to complete construction of four Keppel drilling rigs

Recently, Singapore-based offshore engineering company Seatrium and RigCo, a subsidiary of Keppel, reached a project agreement worth more than S$500 million (about US$391 million) to complete the construction of four offshore drilling rigs. The two parties have issued a joint statement.

+6 3,100 TEU container ships! South Korea’s KMTC and Huangpu Wenchong officially sign the contract

On October 26, CSSC Huangpu Wenchong and Korea Marine Transport Co., Ltd. (KMTC) officially signed a construction contract for six 3,100 TEU container ships in Guangzhou.

+6 Ships! This Korean Shipowner Places Its First Order in China

On October 26, CSSC Huangpu Wenchong Shipbuilding Co., Ltd. (hereinafter “Huangpu Wenchong”), together with China Shipbuilding Trading Co., Ltd., and Korea Marine Transport Co., Ltd. (KMTC) officially signed a construction contract in Guangzhou for six 3,100 TEU container ships.

+2 1,928 TEU Container Ships! Vietnam’s Hai An Continues to Place Orders

Vietnam’s HAI AN TRANSPORT AND STEVEDORING (hereinafter referred to as “Hai An”) recently disclosed that it has approved a US$70 million investment in Huangpu Wenchong to build two 1,928 TEU container ships, scheduled for delivery in late October and November 2029, respectively.

MSC Acquires Bankrupt Shipyard! €138 Million to Restart the Shipyard

Mediterranean Shipping Company (MSC) has confirmed that it will jointly acquire Romania’s bankrupt Mangalia Shipyard with German defense giant Rheinmetall for €138 million, aiming to revitalize one of Europe’s largest shipbuilding facilities.

China Merchants Energy Shipping Names and Delivers the “Hanrong”

On October 16, the naming and delivery ceremony for the 7,800-CEU methanol dual-fuel Ro-Ro vessel “CM WUHAN” (“Hanrong”), ordered by China Merchants Energy Shipping, was held in Nantong, Jiangsu.