Shipyards
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Merger mania intensifies for Chinese yards
China’s top 10 yards will hold 70% of yard capacity within three years, Jason Jiang reports. The modus operandi ahead…
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Zhongtian Technology orders three offshore wind vessels at CMHI
Chinese telecom and cable equipment manufacturer Zhongtian Technology has placed an order at China Merchants Heavy Industry (CMHI) for the…
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Wison teams up with Shanghai Electric to promote FLNG solutions
Wison Offshore & Marine, China’s top LNG-related shipbuilder, has signed a memorandum of understanding on strategic cooperation with Shanghai Electric…
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Former Hudong Zhonghua president gets 13-year jail sentence
A Shanghai court has sentenced Gu Tiquan, former president of CSSC-affiliated shipyard Hudong Zhonghua Shipbuilding, to jail for 13 years…
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Hyundai Heavy rejigs senior management
Hyundai Heavy Industries, the world’s largest shipbuilder, has rejigged its senior management set up, ditching a dual CEO function in…
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Waigaoqiao Shipbuilding transfers abandoned newbuilds to leasing arm of CSSC
Shanghai Waigaoqiao Shipbuilding has announced a plan to transfer 11 offshore newbuildings abandoned by owners to Tianjin Zhongchuan Jianxin Offshore…
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Sembcorp Marine and Marco Polo reach settlement over cancelled jackup rig
Singapore’s Sembcorp Marine has announced that subsidiary PPL Shipyard and Marco Polo Marine’s Marco Polo Drilling have reached a settlement…
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Titan Quanzhou Shipyard ruled to pay $79m to creditor
Titan Petrochemicals has announced that subsidiary Titan Quanzhou Shipyard has received a civil judgment from Fujian Provincial People’s High Court…
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Damen buys Mangalia yard from DSME
Damen Shipyards Group is buying a controlling stake in Romania’s largest shipyard, bringing some relief to both Bucharest and under…
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DVB boss says yards are to blame for shorter cycles
A leading name in ship finance circles has said natural shipping cyclicality has been disturbed by several factors, principally shipyards’…
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Jurong Shipyard fined over $294,000 for rig tilt accident
Singapore’s Ministry of Manpower (MoM) has imposed a fine of $400,000 ($294,247) on Sembcorp Marine’s Jurong Shipyard for failing in…
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Sembcorp Marine wins Statoil FPSO tender
Singapore’s Sembcorp Marine has announced that subsidiary Sembcorp Marine Rigs & Floaters has signed a letter of intent with Norway’s…
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Sembcorp Marine looks to the future with drones, 3D printing and digital twins
Singapore shipbuilder Sembcorp Marine, along with DNV GL, A*STAR’s Singapore Institute of Manufacturing Technology (SIMTech) and the National Additive Manufacturing…
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Winning Group orders two floating cranes at Huarun Dadong
Chinese dry bulk shipping operator Winning International Group has placed an order at Shanghai Huarun Dadong Dockyard for the construction…
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Qingshan Shipyard to transform into a port
Sinotrans & CSC affiliated Qingshan Shipyard has gained a permit from Wuhan Port Authority to operate as a port business.…
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50% of ships due for 2017 delivery have yet to hit the water
With just two months of 2017 left the slippage in deliveries of the global orderbook looks set to be massive.…
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Scorpio Bulkers closes in on resale kamsarmax from Yangzijiang
Monaco-based Scorpio Bulkers is set to ink a deal for the purchase of a resale newbuilding bulk carrier. Broker sources…
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Cosco orders 14 tankers
Cosco Shipping Energy Transportation (CSET), the tanker unit of China Cosco Shipping, has approved a proposal to order a total…
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North Korea accused of hacking into DSME
North Korea stands accused of hacking into one of the world’s top shipbuilders. A South Korean politician has claimed the…
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Triyards restructuring hit by demand letters from lenders
Singapore’s Triyards Holdings, part of the stricken Ezra Holdings group, says it has received demand letters from two of its…
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