News on China.

Wärtsilä to bet on engine sales for Chinese vessels

Winterthur totakt motor 3x5.jpg Suppliers:

An engine factory will strengthen and upscale Wärtsilä's position as supplier of engines for the Chinese shipbuilding industry. In spite of the yards being under pressure, the supplier eyes a big market for, in particular, vessels for Chinese companies, says James Han, managing director of Wärtsilä China, to ShippingWatch.

Growing demand for steel ahead of 2017

Gøteborg Havn stål steel kaj Bulk:

After a minor setback in 2015, global steel demand is expected to grow in 2016 and 2017, according to new numbers from the World Steel Association. This is positive for dry bulk carriers, but the steel market still faces challenges from weak global investing.

Alphabulk: Chinese coal import could rebound

kul 15452247 - 22_09_2009 - Kulminedrift i Lingshi, Shanxi-provinsen, Kina - HOUGAARD NIELS.jpg Bulk:

New legislation in China is good news for the struggling bulk sector, which can look forward to growing coal imports from the growth driver in light of limits on the country's own production. The scope of the coal import, however, hinges on numerous uncertainties, Alphabulk writes.

OMT on the feeder market: There is barely a pulse

Thomas Eefsen OMT 3x5.jpg Suppliers:

Shipbuilders in China are hungry since the bulk market is lifeless, while there is still a pulse in the feeder segment when it comes to container, says Thomas Eefsen, Business Development Director at Odense Maritime Technology, to ShippingWatch. "But not much more than a pulse," he adds.

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