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Construction has started on a 39-meter passenger ferry for Singapore's Majestic Fast Ferry. PT Cahaya Samudra is building the vessel, which Incat Crowther designed to carry 312 passengers at up to 32.5 knots.
Chinese shipyards took 57.8% of global liquefied natural gas carrier orders in the first half of 2026, according to industry data cited by iMarine. The shift has raised concern in South Korea, where Hyundai Heavy Industries, Samsung Heavy Industries and Hanwha Ocean have long dominated the high-value LNG carrier market.
Baku Shipyard has started construction on the first of three 42-metre DP2 crew boats designed by Incat Crowther for an offshore energy services operator in Azerbaijan. The vessels are being built for work around pre-existing offshore energy infrastructure in the Caspian Sea and will have steel hulls and superstructures.
CSSC Beihai Shipbuilding and China Shipbuilding Trading Co. signed a cooperation agreement with Shandong Shipping Corporation on 27 August for a 2+4 project of 325,000 DWT ethanol/methanol tri-fuel ore carriers. The vessels are designed to run on ethanol, methanol and heavy fuel oil, according to the announcement.