Chinese shipyard new orders slump

China’s shipyards saw orders fall by 68.3% to 15.1 million dwt between January and August compared with the same period of 2014, the China National Association of Shipbuilding Industry (CANSI) said.
The orderbook fell 12.1% year-on-year (y/y) to 135.1 million dwt at the end of August, or down 9.5%

NauticAWT plunges into loss

Singapore-listed offshore engineering company NauticAWT suffered a loss of USD2.3 million for the first half of 2015, as compared with a profit of USD1.7 million recorded a year ago.
The company recorded loss despite a revenue increase of USD13.9 million, up 56.7% year on year, dragged down by