Shipyards
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Container shipping’s orderbook-to-fleet ratio rockets up to 15%
Container shipping’s orderbook-to-fleet ratio, which was in single percentage figures as recently as six months ago, is set to surpass…
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South Korea’s sovereign wealth fund backs Hyundai Heavy with new $900m acquisition vehicle
Korea, Inc is rallying to ensure it ensure it has global shipbuilding champions for further generations. Korea Investment Corp (KIC),…
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Sumitomo markets methanol dual-fuelled tanker design
Tanker owners will have a new choice of yard to order methanol-fuelled ships with news from Japan where Sumitomo Heavy…
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DSME develops Korea’s first rotor sail system
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has become the first company in the country to win certification for…
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Hyundai Heavy unveils slew of CO2 shipping projects
South Korea’s largest shipbuilding group, Hyundai, is pushing ahead with carbon dioxide shipping solutions. Hyundai Mipo Dockyard yesterday outlined plans…
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Valles contracts STX for product tanker
The Koo family-controlled Valles Steamship from Hong Kong has emerged as the contractor for a product tanker at STX Offshore…
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DSME suspends operations at Geoje due to Covid outbreak
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has temporarily suspended operations at its Geoje facility due to a…
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Wuhu Chang Neng Logistics orders supramax at New Dayang
Wuhu Chang Neng Logistics has signed a shipbuilding contract with New Dayang Shipbuilding for the construction of a 59,900 dwt…
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British green shipbuilding fund launched
The British government under Boris Johnson is determined to rejuvenate the nation’s shipbuilding sector with a host of nearly shuttered…
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CU Lines adds two more boxships at Huangpu Wenchong
Fast-growing China United Lines (CU Lines) has exercised an option to build two 1,930 teu feeder boxships at Huangpu Wenchong…
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Jinhai Shipyard secures wind installation vessel conversion
Jinhai Intelligent Manufacturing (Jinhai Shipyard), the shipbuilding subsidiary of China’s HNA Group, has secured a contract from a domestic owner…
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GSI awarded full electric propulsion research vessel construction contract
CSSC-affiliated Guangzhou Shipyard International (GSI) has entered into a shipbuilding contract with Guangdong Institute of Intelligent Unmanned System (GIIUS) for…
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Hyundai Heavy pursues fuel cells
Korea Shipbuilding & Offshore Engineering, the holding company of South Korea’s top shipbuilder, Hyundai Heavy Industries, has signed a memorandum…
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Equator Fund orders LNG carrier at China Merchants Heavy
Yet another new Chinese shipowner is emerging. Shenzhen-based Equator Fund has entered into a shipbuilding contract with China Merchants Heavy…
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Anglo American orders dual-fuel capesize pair at Waigaoqiao
Global mining group Anglo American is to become a shipowner, placing an order at Waigaoqiao Shipbuilding for the construction of two…
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Chartworld orders mega boxship quartet at New Times
Greek owner Chartworld has signed shipbuilding contracts with Chinese yard New Times Shipbuilding for the construction of four 13,000 teu…
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China Merchants Jinling awarded domestic newbuild contracts
China Merchants Jinling Shipyard has announced that it has secured two newbuilding contracts from domestic owners. Zhuhai Wang Tong Shipping…
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HNA Group commences restructuring
HNA Group, one of the largest conglomerates in China, has commenced a massive bankruptcy restructuring process involving 321 subsidiaries. The…
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Jiangsu Strong Wind secures FPU contract
Jiangsu Strong Wind, a marine equipment manufacturer in China, has entered into an agreement with Indonesian company Timas Oceanstar for…
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Chinese repair yards slash prices to keep busy
After a stunning few years installing scrubbers and ballast water treatment systems, Chinese ship repair yards, who dominate the sector,…
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