South Korean shipbuilder STX Offshore & Shipbuilding is planning to cut 800 jobs and focus entirely on the construction of tankers in an attempt to recover from financial troubles, the Korea Herald reports.

Arabian Gulf ship operator Oman Shipping Company (OSC) has named two of its new product and chemical tankers – the Muscat Silver and Rustaq Silver – at the Hyundai Mipo Dockyard in Ulsan, South Korea.

Shanghai-listed China Merchants Energy Shipping, a subsidiary of China Merchants Group, has issued a stock filing saying that its board approved a plan to order ten very large ore carriers (VLOC) as part of a charter deal with Brazil’s mining giant Vale.

China’s Ningbo Ocean Shipping Co., part of Ningbo Port Group, has ordered four 1,000 TEU container ships from compatriot Taizhou Kouan Shipbuilding.