Region
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UK nuclear sub collides with ship off Gibraltar
Britain’s newest and most expensive nuclear submarine collided with an unidentified merchant vessel off Gibraltar during a training exercise on…
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Samsung Electronics supports yard with share purchase
Samsung Electronics will buy new shares in Samsung Heavy Industries (SHI) to help the yard’s liquidity crunch. “Samsung has no…
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Shipbrokers follow traders to new instant messaging platform
Just over two weeks remain until major oil traders will cease using Yahoo Instant Messenger for good. Shipbrokers are following them to…
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Cochin Shipyard adding new drydock
Indian shipyard Cochin Shipyard has been given the greenlight by the Cabinet Committee for the construction of a new drydock…
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Saudi Aramco awards engineering contracts for Fadhili gas project
Saudi Arabian state oil company Saudi Aramco has announced that it has signed a series of news contracts for the…
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Algoma wins fourth arbitration claim against Mingde
Canada’s Algoma Central Corp has been awarded its claim for the fourth and final shipbuilding contract it has been disputing with Nantong Mingde Heavy Industries…
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Golden Close drillship begins contract with Odfjell in Malaysia
Odfjell Drilling has commenced drilling a well in an undisclosed location in offshore Malaysia for Petronas Carigali, using Golden Close…
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Hong Kong container terminals renew plea for more land
The Hong Kong Container Terminal Operators Association (HKCTOA) has renewed its plea for more land and barge berths at the…
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Keppel to build dredgers for Jan De Nul
Singapore-based shipyard Keppel Singmarine has won a S$100m ($73.6m) contract to build three trailing suction hopper dredger vessels (TSHD) for…
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Yangfan Shipbuilding on edge as financial troubles heighten
Despite a recent attempt made with the local government to help it overcome cash flow problems, Yangfan Shipbuilding Group’s financial…
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Hanjin Shipping expected to be given extra month to get restructuring set
Hanjin Shipping is expected to be given an extra month to get its debt rescheduling program in place. Korea Development…
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Wallem: ‘Consistent, sustainable and organic growth’
Wallem, one of the world’s largest shipmanagers, is not following many of its peers by pursuing aggressive growth, the company’s…
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Claxton quits Thoresen Thai
Another well-known name in Asian dry bulk circles is parting ways with his employers. Ian Claxton, who has been with…
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Guangzhou Huangpu starts marketing pair of ultramaxes
Broking sources tell Splash Guangzhou Huangpu Shipbuilding has started marketing a pair of ultramaxes that Hong Kong’s KC Maritime has…
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Samsung Heavy linked to giant Indian FSRU contract
A report out by Seoul-based Hi Investment & Securities suggests Samsung Heavy Industries (SHI) is on the cusp of winning…
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Almi in for pair of VLCC newbuilds
Greece’s Almi Maritime has ordered two VLCCs at Hyundai Heavy Industries. The ships are costing around $85.5m each with delivery…
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Worker falls to his death at Hyundai Heavy
A 39-year-old worker became the eighth man yesterday to die this year at a yard controlled by Hyundai Heavy Industries…
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D’Alesio completes restructuring
Leghorn-based D’Alesio group has successfully completed its debt restructuring process with the banks under Italy’s article 67 of the bankruptcy…
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Sacked Horizon whistleblower awarded more than $1m in damages
A court in the US has awarded more than $1m to a former Horizon Lines master who was sacked in…
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CSBC wins court case against former president
Taiwanese shipbuilder CSBC Corporation has announced that the Supreme Court of Taiwan has made a final ruling yesterday on a…
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