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Wednesday, August 20, 2025
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Philippines

Hai Feng International’s first-half profit increased by nearly 80%

On August 15, SITC International Holdings Co., Ltd. (referred to as SITC International) announced its performance for the first half of 2025. During the reporting...

World’s fifth largest shipyard restarts! Shipbuilding giant expands overseas to compete with China

To counter China's dominance in the global shipbuilding industry, South Korea's HD Hyundai Group is accelerating its overseas expansion by reviving the former world's...

China claims Philippine vessels made “dangerous manoeuvres” after its own ships collided

China's defence ministry accused Philippine Coast Guard vessels on Friday of "dangerous manoeuvres" in response to reports of a collision earlier this week between...

SUMMER NOTEBOOKS: FROM ANTONIO LÓPEZ TO COLÓN.

From Antonio López Square to the Portal de la Pau, where the monument to Columbus stands, there are a rough 800 meters. From the...

China, Philippines Trade Blame Over Collision in Contested Sea

Aug 15, 2025 (Bloomberg) – China and the Philippines are trading blame over an incident earlier this week in which two Chinese ships collided...

Asian Nations Battle for Shipbuilding Share

China’s share of the tanker orderbook rose from 32.4% in 2022, to 62.6% in 2023 and then 71.2% in 2024. Its share of the...

Old ship king at the helm! China’s largest private shipbuilding giant launches its third listed platform

China's largest private shipbuilding giant Yangzijiang Shipbuilding is set to welcome its third listed platform. On August 12, Yangzijiang Financial Holding announced that...

Karpowership, Seatrium teams up on powerships and FSRU conversions

Singapore-headquartered shipyard operator Seatrium Limited has signed a letter of intent for powership integrations and FSRU conversions with Karpowership, an energy company and owner,...

Philippines’ Lorenzo Shipping reports wider net loss for H1 2025

Lorenzo Shipping Corporation has reported a significant widening of its net loss for the first half of 2025, as a sharp drop in freight...

Subic Shipyard is about to restart shipbuilding and has received 6 new ships

HD Hyundai Heavy Industries plans to launch its shipbuilding business in the Philippines in January 2026. The renovated and upgraded Subic Shipyard in the...
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