Shipyards
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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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Sembcorp Marine sells West Rigel rig
Sembcorp Marine subsidiary Jurong Shipyard has signed an agreement to sell semi-submersible rig to an undisclosed buyer for $500m. The…
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Keppel agrees to pay $422m to settle US bribe charges related to Petrobras scandal
The US Department of Justice (DOJ) announced on Friday that Singapore-based shipbuilder Keppel Offshore & Marine and its US subsidiary…
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Foremost Group adds newcastlemax pair at Waigaoqiao
New York-based bulker owner Foremost Group has signed shipbuilding contracts with CSSC-affiliated Shanghai Waigaoqiao Shipbuilding for the construction of two…
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Marco Polo Marine gets approval for Indonesian yard debt restructuring
Singapore’s Marco Polo Marine has received court approval for a debt restructuring of its Indonesian yard PT Marcopolo Shipyard. PT…
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Qingdao Beihai becomes the go-to yard for boxship jumboisation
Chinese state run Qingdao Beihai Shipbuilding Heavy Industry (BSIC) is rapidly building up a new revenue base as the go-to…
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H&C Marine Engineering takes over two liftboat newbuildings at Dajin Heavy
Shanghai Bestway Marine & Energy Technology has announced that its affiliate shipyard Jiangsu Dajin Heavy Industries has entered into a…
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Cosco Shipping takes option for third pulp carrier at Cosco Dalian
Cosco Shipping Specialized Carriers has announced that the company has decided to execute the option to construct one more 62,000…
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Shinsung Shipping orders four cargo ships at Dayang Offshore
South Korean owner Shinsung Shipping has placed an order at China’s Jiangsu Dayang Offshore Equipment for the construction of four…
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Ultra Deep Solutions in for well intervention vessel at CMHI
Singapore’s Ultra Deep Solutions has signed an LOI with China Merchants Heavy Industry for a SALT 310 well intervention vessel.…
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MSC upgrades capacity of 11 mega boxships at Beihai Shipbuilding
Container shipping giant Mediterranean Shipping Company (MSC) has commissioned CSIC-affiliated Beihai Shipbuilding Industry for the conversion of up to 11…
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FrontMarine orders eight ultramaxes at New Times
Cyprus’s FrontMarine is in for eight 63,000 dwt bulkers at New Times Shipbuilding with brokers Allied reporting a cheap price…
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SITC buys Yangzijiang 2,700 teu quartet
China’s largest private boxline continues its busy year of expansion. SITC has ordered four tier III 2,700 teu ships at…
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Keppel wins new contracts worth $96m
Singapore’s Keppel Offshore & Marine has secured new projects via subsidiaries Keppel FELS Brasil and Keppel Shipyard from repeat customers…
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Loss making Samsung Heavy replaces CEO
South Korea’s Samsung Heavy Industries, one of the world’s largest shipbuilders, has installed Joonou Nam as its new CEO after…
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