Shipyards
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Kleven Verft files for bankruptcy
Norwegian shipbuilder Kleven Verft has filed for bankruptcy after a refinancing plan fell through. The offshore vessel specialist had latterly…
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CSSC secures $120m Payra Port contract
China State Shipbuilding Corporation (CSSC) has announced that an affiliate of the group has secured an EPC project for the…
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Yangzijiang offers reward to facilitate debt collection
Chinese private shipbuilding group Yangzijiang Shipbuilding has posted a reward in order to facilitate the collection of over RMB423.8m ($60.4m)…
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Shanghai Bestway shareholder under investigation for fraud
Chinese shipbuilding and ship design group Shanghai Bestway Marine Engineering Design has announced that its second largest shareholder Li Lu is…
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Shipowning organisations seek delay to impending European hazardous material regulation
Some of the world’s largest shipowning organisations have written to Virginijus Sinkevičius, the European Commissioner for the environment, oceans and…
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Coronavirus strikes Damen Galati Shipyard
A coronavirus outbreak has spread across Damen Galati Shipyard in Romania with 41 cases registered in the last nine days.…
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Global Energy Ventures furthers delays CNG carrier project at CIMC Raffles
Australian compressed natural gas (CNG) company Global Energy Ventures (GEV) has entered into an agreement with Chinese yard CIMC Raffles…
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Alang coronavirus scare sparks concern of another demo closure
Shipbreaking, which had only recently gradually emerged from lockdown, risks being put back on hold as news emerges of four…
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Ship repair prices to soar as lockdown eases
Shipping lines are warned today prices for ship repair operations could double in the coming months as a huge backlog…
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STX to slash workforce as orders dry up
Korean shipyard STX Offshore & Shipbuilding announced yesterday its intention to slash jobs through a voluntary retirement plan as its…
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Samsung Heavy goes all in on fuel cells
Bloom Energy and Samsung Heavy Industries (SHI) have signed a joint development agreement (JDA) to design and develop fuel cell-powered…
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Norden orders four NACKS ultramaxes
Norden has put pen to paper for four ultramaxes to be built at Nantong Cosco KHI Ship Engineering Co (NACKS).…
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New investors to take over Shanghai Bestway
Financially troubled shipbuilding and ship design group Shanghai Bestway Marine Engineering Design has entered into an agreement with investors Xiamen…
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Filipino lines and yards seek $200m stimulus package
Filipino shipping lines and shipbuilders have asked the state for a massive PHP10bn ($200m) in stimulus aid. “The shipping companies…
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StandShip debuts dual deadweight neo-panamax bulk carrier design
Class society ABS has granted approval in principle to a dual deadweight neo-panamax bulk carrier design from the StandShip Joint…
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Shanghai Ganglu Shipping orders supramax pair at Yangzijiang
Chinese bulk shipping operator Shanghai Ganglu Shipping has signed shipbuilding contracts with Yangzijiang Shipbuilding for the construction of two 56,000…
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Hyundai Heavy to streamline operations by 20%
With shipowners across the globe putting ordering plans on hold due to the shaky economy and cloudy regulation outlook, the…
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China Ocean Industry settles dispute with debt for equity deal
Financially troubled shipbuilding group China Ocean Industry has announced that it has received of enforcement ruling from a court in…
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CSSC appoints new chairman
China State Shipbuilding Corporation (CSSC) has announced the appointment of Zhang Yingdai as its new chairman, replacing Lei Fanpei who…
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Shanghai Bestway secures major jackup rig order during restructuring
Shanghai Bestway Marine Engineering Design has announced that its subsidiary yard Dajin Heavy Industry has secured a newbuild order from…
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