Shipyards
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CSSC retrieves $9.67m of corruption losses
China State Shipbuilding Corporation (CSSC), one of two major state-run shipbuilding conglomerates in China, has completed a new round of…
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Cochin Shipyard takes over Mumbai repair facilities
Cochin Shipyard has signed an MoU with Mumbai Port Trust to manage and operate the port’s ship repair facilities. As…
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The conundrum of the enforcement of the Hong Kong Convention
Dr Kanu Priya Jain, coordinator for responsible ship recycling at GMS in Dubai, ponders when scrapping will be forced to…
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IMC Group orders tanker quartet at GSI
Singapore’s IMC Group has signed shipbuilding contracts with Guangzhou Shipyard International, an affiliate yard of CSSC Offshore & Marine Engineering,…
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TMS Cardiff orders LNG carrier at HHI for long-term Total charter
George Economou’s TMS Cardiff Gas has confirmed an order with Hyundai Heavy Industries for a 174,000 cu m LNG carrier,…
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Fortune Oil orders VLGC pair at Jiangnan Shipyard
Hong Kong-based energy group Fortune Oil has signed shipbuilding contracts with CSSC-affiliated Jiangnan Shipyard for the construction of two 84,000…
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Western India Shipyard to be liquidated
India’s ICICI Bank has initiated insolvency proceeding against Western India Shipyard, a subsidiary ship repair yard of ABG Shipyard. Western…
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Yangfan workers votes against restructuring plan
The workers’ union of bankrupt Yangfan Shipbuilding held a vote on the restructuring plans for the shipyard yesterday, voting against…
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Palumbo looks to help out Uljanik
Croatian shipyard Uljanik has received a letter of intent from Italian shipyard group Palumbo Group to participate in the process…
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Boxship orders predicted to increase in 2018
Container shipping’s delicate supply/demand equilibrium is set to come under renewed pressure this year as a raft of new orders…
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A forgettable year is our best hope
By all accounts, 2017 was a forgettable year for shipping – which it may be the best characterisation the industry…
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Cape Shipping orders boxship quartet at Huangpu Wenchong
Greek owner Cape Shipping has signed shipbuilding contracts with CSSC-affiliated Huangpu Wenchong Shipbuilding for the construction of two 2,700 teu…
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US court papers show Keppel dished out punitive measures to 17 employees for Brazil bribery
Singapore-based Keppel Offshore & Marine has disciplined 17 employees with punishments including dismissals, demotions and big financial penalties, according to…
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Keppel’s bribe case settlement followed plea deal by former company lawyer, US court papers show
Last week’s $422m court settlement by Singapore-based Keppel Offshore and Marine with the US Department of Justice (DOJ) followed a…
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Chemical tanker order cancelled at Triyards
Singapore offshore shipbuilder Triyards Holdings has not enjoyed the fruits of a diversification drive, with subsidiary Saigon Offshore Fabrication and…
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Chinese firm to acquire STX Corporation
AFC Korea, a unit of Chinese private equity fund AFC, has been selected by The Korea Development Bank (KDB) as…
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Qingdao Yangfan Shipbuilding snubs restructuring plan
Bankrupt Qingdao Yangfan Shipbuilding has filed an application with a court in Qingdao, requesting to change the bankruptcy administrator of…
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Kawasaki Heavy Industries terminates Island Offshore contract
Japanese shipbuilder Kawasaki Heavy Industries (KHI) has terminated a shipbuilding contract with Island Offshore for the construction of well intervention…
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Hyundai Heavy Industries raising $1.2bn
South Korean shipbuilding group Hyundai Heavy Industries (HHI) has announced a plan to raise about $1.2bn via a share issue…
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Qingdao Yangfan restructuring plan proposed
Jianlong Group, the controlling shareholder of bankrupt Qingdao Yangfan Shipbuilding, has proposed a restructuring plan to rescue the yard. Under…
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