Shipyards
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Former Ulstein boss to take the helm at Vard
Norway’s Vard, part of Italian shipbuilding giant Fincantieri, has appointed Cathrine Marti as its new chief executive officer. Marti, the…
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Hanwha Ocean taps SBM veteran to head up its offshore business
Hanwha Ocean has appointed Philippe Levy, the former president of SBM Offshore Americas, as president of its offshore business. The…
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Austal knocks back takeover bid from Hanwha Ocean
Top management at Australian shipbuilding group Austal has rejected a $662m bid from South Korea’s Hanwha Ocean, citing regulatory worries. …
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Northern Drilling refused permission to appeal Hanwha ruling in cancelled drillships case
John Fredriksen-backed rig investment company, Northern Drilling, has been denied the right to appeal an arbitration decision that favoured Daewoo…
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Ciner back for more Dayang ultramaxes
Turkey’s Ciner Shipping has signed for four more ultramaxes at New Dayang Shipyard in China. No price has been revealed…
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Two former Sembcorp Marine execs in court over Brazil bribery probe
Two former executives from Sembcorp Marine were charged in court last week with corruption offences relating to a long running…
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Pioneer Logistics orders six ultramaxes at Jiangsu Hantong
Singapore-based owner and operator Pioneer Logistics has contracted for its first bulk carrier newbuilds. The company’s bulker unit has commissioned…
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Korea’s top shipbuilder teams with Germany’s largest semiconductor manufacturer
HD Korea Shipbuilding & Offshore Engineering (KSOE), which oversees South Korean shipbuilding giant Hyundai, is looking at every form of…
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Union Maritime in for more Wuhu tankers
UK shipowner Union Maritime has increased its tanker orderbook with six newbuilds contracted at China’s Wuhu Shipyard. The Laurent Cadji-led…
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Dynacom boosts suezmax orderbook at New Times
George Procopiou has returned to New Times Shipbuilding in China for a series of suezmax newbuilds. Procopiou’s Dynacom Tankers has…
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New shipbuilding risk cover launched at Lloyd’s
A new shipbuilding risk cover has been launched at Lloyd’s of London. The Builders’ Risk Consortium has been formed by…
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Wallenius Wilhelmsen adds four more options to car carrier series in China
Norwegian car carrier operator Wallenius Wilhelmsen has added four more optional vessels to its series of methanol dual-fuel and ammonia-ready…
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Lotos Petrobaltic orders CTV from Strategic Marine
Singapore-based shipbuilder Strategic Marine has won a contract for the construction of a CTV for Poland’s state-owned firm Lotos Petrobaltic.…
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Navios boosts LR2 orderbook in China
Angeliki Frangou’s Navios Maritime Partners has returned to China’s Zhoushan Changhong International Shipyard for two additional aframax/LR2/ newbuilds. The deal…
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Wuchang Shipbuilding bags orders for up to four offshore vessels
Wuchang Shipbuilding has clinched an order for up to four offshore construction vessels from what it says is a first-class…
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Resurrected New Jiangzhou Shipbuilding makes European comeback
Reborn Chinese yard New Jiangzhou Shipbuilding has clinched its first foreign newbuilding order since relaunching last year. The yard, formerly…
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Euronav sells VLCC trio, orders three vessels from Chinese shipyard
Belgian tanker giant Euronav has sold three of its very large crude carriers (VLCCs) and ordered two newcastlemaxes and an…
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Carlyle Group in discussions to enter German shipyard sector
The German shipyard sector could be in for a shake-up with American private equity giant Carlyle Group opening discussions to…
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New Dayang wins ultramax orders
Chinese builder New Dayang has secured orders for ultramax bulk carrier newbuildings from China Construction Bank (CCB) Financial Leasing. The…
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3,000 Thais drafted to help churn out South Korea’s bumper ship backlog
South Korea’s bumper orderbook, tricky production schedule and difficult domestic demographics have been partially resolved with an agreement hatched with…
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