Shipyards
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Bahri commits to new Saudi yard with VLCC order
Saudi Arabia will soon be able to build VLCCs on home soil. Saudi owner Bahri has signed an MOU with…
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Saudi Aramco and Hyundai Heavy firm ties
On a visit to South Korea today, top management at Saudi Aramco has firmed up ties with Hyundai Heavy Industries…
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CSSC pays Klaveness $875,000 to settle ship quality dispute
China State Shipbuilding Corporation (CSSC) has settled a dispute with Norwegian owner Torvald Klaveness relating to deficiencies on a bulker built…
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Sembcorp Marine secures $1.5bn loan facility from parent
Singapore’s Sembcorp Marine has been awarded a five-year S$2bn ($1.5bn) subordinated loan from its controlling shareholder, Sembcorp Industries. Sembcorp Industries…
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Hyundai Mipo sets peacetime shipbuilding record with KMTC deliveries
Hyundai Mipo Dockyard in Ulsan has got series shipbuilding down to a fine art, reportedly setting a world record for…
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Bunge signs up to the Ship Recycling Transparency Initiative
Bunge, a giant agribusiness shipper, has become the first in its industry to join the Ship Recycling Transparency Initiative (SRTI),…
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Bankruptcy looms as no takers vie for Sungdong
Sungdong Shipbuilding & Marine Engineering, once one of the top 10 largest shipbuilders in the world a decade ago, is…
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China Ocean Industry disposes of major stake in Huakai Heavy Industry
Chinese shipbuilding group China Ocean Industry has entered into an agreement with Nantong Huachuan Transport Equipment for the sale and…
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Four more found guilty in sprawling Vinashin corruption scandal
A court in Hanoi yesterday sentenced Vinashin’s former chairman Nguyen Ngoc Su to 13 years in prison for “abuse of…
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Oshima debuts revolutionary bulker design
Oshima Shipbuilding, widely held to be among the finest bulker builders in the world, has debuted a new ultramax design,…
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Angelicoussis adds LNG carrier at DSME and eyes further orders
Maran Gas Maritime, an affiliate of Greek owner Angelicoussis Shipping Group, has placed an order for one additional 174,000 cu…
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Avin heads to Korea for suezmax pair
Greek owner Avin International has placed an order for two firm 158,000 dwt suezmax tankers at Hyundai Heavy Industries in…
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Crane collapses on bulker at Yangzijiang Shipbuilding, one dead
A crane collapse incident took place at Yangzijiang Shipbuilding’s Yangzi Xinfu yard this morning. According to local reports, the crane…
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Titan Petrochemical shareholders seek removal of co-chairman
Titan Petrochemical has announced that the board has received a written requisition, from a substantial shareholder of the company, demanding…
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Fredriksen tipped to be behind LNG pair at Samsung Heavy
John Fredriksen’s Flex LNG has been tipped by brokers to be behind orders for another pair of LNG carriers worth…
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Samsung Heavy debuts revolutionary VLCC design
South Korea’s top shipyards are busy developing the next generation of VLCC designs. At yesterday’s Nor-Shipping exhibition on the outskirts…
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Hyundai Heavy pushes ahead with LNG-fuelled VLCC with rotor sails
On Wednesday at Nor-Shipping Lloyd’s Register presented South Korea’s Hyundai Heavy Industries (HHI) with approval in principle (AiP) for a…
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Norway blacklists shipbuilders over human rights abuses
Norway is pushing to create a shipbuilding regulation akin to the ship recycling sector’s Hong Kong Convention whereby yards will…
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Former Sainty Marine president gets 18-year sentence
Jiangsu Supreme Court has sentenced Wang Junmin, former president of bankrupt Chinese yard Sainty Marine, to prison for 18 years…
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CSC RoRo Logistics orders two car carriers at China Merchants Heavy
CSC RoRo Logistics, the car shipping subsidiary of China Merchants, has placed an order at China Merchants Heavy Industry (Jiangsu)…
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