Shipyards
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Hyundai Heavy makes bid for DSME
Hyundai Heavy Industries (HHI) has confirmed it has been in discussions to buy a majority stake in Daewoo Shipbuilding &…
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DSIC Offshore enters restructuring
Restructuring has been sought in an embarrassing setback for an affiliate of one of China’s flagship state-backed yards. DSIC Offshore,…
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South Korea in pole to win up to 60 LNG carriers from Qatar
Qatar is readying another mammoth round of LNG carrier orders with South Korean yards in pole position. Qatar’s energy minister…
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CSSC celebrates up to 40 newbuilding orders
Chinese shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) held a ceremony in Beijing yesterday, celebrating the signing of up to…
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Shanghai Bestway on verge of bankruptcy
Shanghai-based ship design and shipbuilding firm Bestway Marine & Energy Technology is in deep financial trouble with lawsuits against the…
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Hyundai Heavy selling 20% stake in refining subsidiary to Saudi Aramco
South Korea’s largest shipbuilder Hyundai Heavy Industries (HHI) is selling a 19.9% stake in its refinery subsidiary, Hyundai Oilbank, to…
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Waigaoqiao Shipbuilding partners up with Honghua Offshore
CSSC-affilated Waigaoqiao Shipbuilding has entered into an agreement with offshore equipment manufacturer Honghua Offshore to explore collaboration opportunities in the…
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Golden Energy Offshore re-acquires cancelled PSV pair
China’s offshore yard Jiangsu Rainbow Heavy Industries (RHI) has signed an agreement with Golden Energy Offshore for the sale of…
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CSSC avoids delisting with asset sell-off
Chinese state-run shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) has announced an estimated net profit of between RMB435m ($64m) and…
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Manila broadens discussions with overseas firms to acquire bust Hanjin Subic
Authorities in the Philippines are determined to give Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) every chance of surviving, with…
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Shanghai Bestway chairman fails to sell his shares again
Chinese ship design and shipbuilding company Shanghai Bestway Marine & Energy Technology has announced that its chairman and controlling shareholder…
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China Ocean Industry finds a buyer for two unfinished vessels
China Ocean Industry has announced that it has reached a preliminary agreement with an unnamed buyer for two of six…
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Oshima markets rare 2019 bulker resale
Oshima Shipyard is marketing a 60,000 dwt bulker for resale. The Japanese bulker specialist has a 2019 ship for delivery…
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Dole books reefer boxship pair at CSSC Chengxi
US food company Dole has signed shipbuilding contracts with CSSC Chengxi for two 2,500 teu boxships. The price for each…
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Duterte receptive to idea of nationalising Hanjin Subic
All options are being considered by the Philippine government as it scrambles to save its largest shipyard. Hanjin Heavy Industries…
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SDTR Marine signs for 10 post-panamax bulkers at DSIC
Singapore-based shipping company SDTR Marine and AVIC Leasing have signed shipbuilding contracts with Dalian Shipbuilding Industry for the construction of…
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Blockchain outfit eyes JES takeover
Bankrupt Chinese shipbuilder JES International Holdings has announced that it has been approached by Singapore’s PLMP Fintech on the possibility…
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Cosco readies first overseas yard with Hanjin Subic bid
Hanjin Heavy Industries and Construction-Philippines (HHIC-Phil) was officially put into receivership yesterday by the Olongapo City Regional Trial Court (RTC)…
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ST Engineering wins $414m worth of contracts
Singapore’s ST Engineering has announced that its marine arm has won S$560m ($414m) worth of new contracts in the last…
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Tristar returns to Hyundai Mipo for six product tankers
UAE-based Tristar Transport has placed an order at South Korean yard Hyundai Mipo for the construction of six 25,000 dwt…
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