China's private-owned Rongsheng Heavy Industries has delivered overall seven newbuildings of a cumulative 1.3m dwt year-to-date, up from five vessel delivery during the same period of last year, according to the group's CFO Wang Shao Jian.
In 2012, it aims to deliver a total of 15 vessels.
Rongsheng's CEO Chen Qiang said that Rongsheng is expected to get better in the second half. Added that they are in talks with several shipowners, however, not many orders have been finalized.
Its orderbook scheduled in 2012 and 2013 have been almost filled up, some are slated for delivery in 2014.
Chen forecast, "Along with increase in freight rates, shipbuilders would soon be able to get out of depression."
He pointed out that the present is not the best time for Rongsheng to buy other smaller yards.
Meanwhile, He said that Rongsheng has started to work hard in LNG-carrier R&D for the last year and is interested in offshore business.