On November 5, Pacific International Shipping (PIL) signed an order for seven 1,400TEU container ships with China Huanghai Shipbuilding, which are scheduled to be delivered successively from 2029 to 2030 to supplement the feeder shipping capacity in Asia and the Pacific Islands. The new ship was designed by the Shanghai Ship Research and Design Institute, with a length of 172 meters and a width of 25 meters, taking into account the berthing conditions of small ports; it is designed with methanol fuel reserve (Methanol-ready). This is the first time that PIL has selected methanol reserves for ship bookings, equipped with additional diversion devices, hub cap fins and other energy-saving measures. The company has not disclosed the contract amount. Clarkson’s reference price for new ships of 1000 to 1200TEU is US$25.25 million, which is higher than US$24.25 million in the same period last year. Excluding this order, Huanghai Shipbuilding has orders for 102 ships with a deadweight of 2.81 million, including 79 container ships. The delivery date is scheduled to 2029.
Information from the 2026 Third Extraordinary Shareholders Meeting of China Merchants Nanyou (601975) shows that its wholly-owned subsidiary Nanjing Oil Shipping (Singapore) plans to invest no more than 1.96 billion yuan to build four 115,000-ton LR2 oil tankers (Hong Kong flag) at Dalian Shipbuilding Industry, using a methanol dual-fuel reserve design to meet IMO Tier III and EEDI Stage 3. It will be delivered gradually from 20296 to December; the annual net profit of a single ship under the full investment caliber is about 4.62 million US dollars, the internal rate of return is 8.43%, and the investment payback period is 12.42 years. Another proposal is for the wholly-owned subsidiary Nanyou Logistics to invest no more than 191.72 million yuan to build 10 4000-ton inland crude oil barges in Hunan Jinhang to replace the old pumpless barges and deliver them in batches in 2027. The internal rate of return is 5.56%, and the payback period is 12.37 years. The two investments and the other three investments during the year totaled 4.56671 billion yuan, accounting for 34.26% of the total audited assets of 13.331 billion yuan in 2025. Excessive 30% must be approved by more than two-thirds of the shareholders' meeting.
Damen announced on November 6 that the TSHD 1000 trailing suction dredger built for Port Otago and Napier Port in New Zealand was launched. The two ports will use this to update their harbor and channel maintenance capabilities.
At the Euronaval 2026 exhibition in Paris on November 5, Fincantieri signed a joint venture agreement with Republikorp, Indonesia's largest private defense industry group, with the latter participating through its subsidiary PT Republik Palindo Internasional. The two parties will enhance the local construction capabilities of Indonesian naval ships. This is the implementation step of the two groups since the launch of strategic cooperation at June 2026 Eurosatory.
Industry statistics released on November 6 showed that ethanol-fueled ships appeared in the dry bulk ship order book for the first time, with a total of 19 dual-fuel bulk carriers currently on order; the focus of the report is how fuel flexibility will change the competitiveness of bulk carriers when competing for cargo in the future, not just the emission reduction itself.
ADNOC announced on November 6 that it had signed an LNG supply agreement with India's Gujarat Energy. The supply volume can reach up to 4 million tons per year, further locking in the long-term gas source in the Indian market.
Ningbo Zhoushan Port (601018) announced on November 7 that the container throughput in October is expected to be 4.82 million TEUs, a year-on-year increase of 5.6%, and the cargo throughput is 98.56 million tons, a year-on-year decrease of 2.3%. SIPG (600018) announced on November 6 that the container throughput of its home port in October is 4.981 million TEUs, A year-on-year increase of 9.8%, the cargo throughput of the home port was 52.009 million tons, a year-on-year increase of 5.6%. The container volume of the two ports increased in the same direction, but the cargo throughput of Ningbo Zhoushan Port fell back, which is related to the trend of single-container containers and the structure of breakbulk cargo.