Shipyards
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Mitsui Engineering & Shipbuilding joins forces with Tsuneishi
In the latest collaboration move among Japan’s hard-pressed shipyards two well-known names are forming a business alliance. Mitsui Engineering &…
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Foremost Group adds four newcastlemaxes at Waigaoqiao
New-York based bulker owner Foremost Group has signed shipbuilding contracts with CSSC-affiliated Waigaoqiao Shipbuilding for the construction of four 210,000…
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SK Shipping orders VLOC pair at DSIC
South Korean shipowner SK Shipping has placed an order at CSIC-affiliated Dalian Shipbuilding Industry (DSIC) for the construction of two…
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CSSC losses lead to delisting risk
China State Shipbuilding Corporation (CSSC), one of the two largest state-run shipbuilding conglomerates in China, has issued a warning to…
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Zhejiang Ouhua Shipbuilding in financial trouble
Zhejiang Ouhua Shipbuilding, a major Chinese private shipyard based in Zhoushan, is facing financial difficulties amid the continued gloomy outlook…
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Samsung Heavy Industries sells cancelled semi-submersible rig
South Korean shipyard Samsung Heavy Industries has announced a deal in which it has agreed to sell a semi-submersible drilling…
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Tote pulls the plug on Hawaii service plans and Philly Shipyard boxship order
Tote Maritime is not moving ahead with plans for four newbuild containerships because it is suspending plans for a new…
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2020 Bulkers executes options for four more bulkers at New Times
Norwegian owner 2020 Bulkers has declared options for a further four newcastlemax bulkers at China’s New Times Shipbuilding. The vessels…
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Kyoei in for another Japanese VLCC newbuild
Japan’s Kyoei Tanker continues to renew its fleet. Clarkson Research reports the Tokyo-headquartered company has signed for a 310,300 dwt…
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CSSC brings in strategic investors for four subsidiary yards
China State Shipbuilding Corporation (CSSC), one of two state-run shipbuilding conglomerates in China, have brought in strategic investors for four…
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Hyundai Heavy Industries suspends production after fatal incident
South Korean shipbuilder Hyundai Heavy Industries (HHI) suspended production yesterday following a fatal accident that occurred at the yard this…
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Philippines joins elite 20,000 teu club
The Philippines yesterday celebrated another step towards the elite of shipbuilding with the delivery of its first 20,000 teu class…
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SUMEC to take over Dayang Shipbuilding
SUMEC Group, a machinery manufacturer based in Jiangsu, is going to take over bankrupt Yangzhou Dayang Shipbuilding via a new…
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Parliament votes for massive overhaul of Bangladesh’s ship recycling sector
Bangladesh is set for a major transformation of its ship recycling sector. Parliament has passed the Bangladesh Ship Recycling Bill,…
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Pan Ocean orders six VLOCs at New Times Shipbuilding
South Korean shipowner Pan Ocean has officially signed shipbuilding contracts with China’s New Times Shipbuilding for the construction of six…
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KOTC orders three VLGCs at Hyundai Heavy Industries
Kuwait Oil Tanker Company (KOTC) has signed shipbuilding contracts with South Korean shipbuilder Hyundai Heavy Industries for the construction of…
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CSBC management takes salary cut
Taiwanese shipbuilder CSBC Corporation has implemented cost saving measures which include cutting the salaries of management. The company’s president Cheng…
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South Korean shipbuilding workforce halves in just three years
Illustrative of both the dramatic restructuring in the sector as well as the increased use of robots, statistics from South…
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Waigaoqiao Shipbuilding wins arbitration case against CLdN Bulk
CSSC-affiliated Waigaoqiao Shipbuilding has won an arbitration case against Luxembourg-based owner CLdN Bulk over a shipbuilding contract dispute. In March…
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Two bulkers from bust JES set to be auctioned
Two bulkers from bankrupt Jiangsu Eastern Shipbuilding (JES) will be auctioned by Wuhan Maritime Court via online platform Taobao on…
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