Zhang Yuyong News

On April 2, No.13 and No.14 111,000 DWT Oil Tankers launched successively from NTS drydock, both of which are built for Frontline. New Times Shipbuilding's CEO Liu Haijin and the representatives from the owner and ABS attended the launching ceremony, the company said in its press release. It has updated about the other deliveries in this year. On January 26, 2018, the closing ceremony for No.26 157,500 DWT Crude Oil Tanker was held in Shanghai. "Our Executive General Manger  Zhang Yuyong and representatives from Owner Dong-A Tanker attended this ceremony. The delivery documents for this ship were successfully signed by both parties," said another press release.

China's Ministry of Industry and Information Technology  reports that orders in first half 2012 are down by 50.3% year-on-year. The volume of handling orders was a mere 125.87 million DWT by the end of June, down 30.7 percent year-on-year, which can easily lead to the assumption that some shipbuilders will not be able to keep operating in the following months. "We have not received any new orders. If the situation continues, we will have only one ship to build in the second half of this year," says Pan Haiwei, general manager of Wu Zhou Shipbuilding Industry Co Ltd in central Zhejiang. Shipbuilders in neighboring Jiangsu province are also barely staying afloat.