Shipyards
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India signs up to Hong Kong ship recycling convention
New Delhi on Wednesday approved India’s accession to the Hong Kong Convention for ship recycling, becoming the first of the…
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Hyundai Heavy develops new multi-power grid system for big boxships
South Korea’s Hyundai Heavy Industries has developed a multi-power grid system for 15,000+ teu ships, which will slash emissions. The…
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Newbuild orders plunge 40% in 2019
Latest figures from Clarkson Research Services show the huge hesitancy among owners to place orders this year. Describing newbuilding contraactiung…
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Cosco to build first LNG-powered VLCC at DSIC
Cosco Shipping Energy Transportation, the tanker unit of Cosco Group, has upgraded a VLCC newbuilding under construction at Dalian Shipbuilding…
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Ulstein introduces hydrogen-powered CSV design
Norway’s Ulstein Group has introduced a hydrogen-powered construction support ship design which it claims to be market-ready now. The company…
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Gulf Island Fabrication appoints new CEO
Nasdaq-listed Gulf Island Fabrication has appointed Richard Heo as its new president and chief executive officer, replacing Kirk Meche who…
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Polaris in for newcastlemax pair at Waigaoqiao
South Korean owner Polaris Shipping has returned to Shanghai Waigaoqiao for a pair of newcastlemaxes as part of its ongoing…
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Mitsui E&S enters restructuring, 1,000 staff face the axe
Japanese shipbuilder Mitsui E&S Holdings is slashing its workforce and pushing through a restructuring. Local financial newswire Nikkei is reporting…
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Rimorchiatori Riuniti Panfido orders innovative LNG bunker barge at Rosetti
Italian shipyard Rosetti Marino has received a new order from Rimorchiatori Riuniti Panfido of Venice for an innovative LNG bunker…
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Fincantieri offices raided
A host of companies linked to Italian shipbuilder Fincantieri have been accused of corruption, fraud and worker exploitation. Italian finance…
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Business as usual for Gulf Island as strategic review draws a blank
Houston-based Gulf Island Fabrication has announced that a strategic review conducted to look for alternative strategies for the company has…
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Zhejiang Shipbuilding to sell 11 unfinished OSVs
Bankrupt shipyard Zhejiang Shipbuilding is looking to sell 11 unfinished OSVs en bloc through an online auction scheduled on November…
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Sentek Marine orders suezmax quartet at New Times Shipbuilding
Singapore’s Sentek Marine & Trading has placed an order with China’s New Times Shipbuilding for the construction of four 158,000…
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Sembcorp Marine scores FPU contract with Shell
Singapore’s Sembcorp Marine, via subsidiary Sembcorp Marine Rigs & Floaters, has won a contract from Shell Offshore to build a…
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Navibulgar orders six Great Lakes bulkers at Yangzijiang
Navibulgar, Bulgaria’s largest shipping company, has placed newbuilding orders at China’s Yangzijiang Shipbuilding for the construction of up to six…
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Fujian Yonghang Shipping orders handy bulker at Lixin Shipyard
Fujian Yonghang Shipping has placed an order at Fujian Lixin Shipyard for the construction of a 22,500 dwt handy bulker.…
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Dyna-Mac founder Desmond Lim dies
Singapore offshore fabrication firm Dyna-Mac has announced the demise of its founder, chairman and CEO Desmond Lim on Saturday at…
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Beijing gives green light to CSSC and CSIC merger
China’s State Coucil has officially given approval to the merger between two state-run shipbuilding groups China State Shipbuilding Corporation (CSSC)…
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BW Gas adds two LNG carriers at DSME
BW has returned to South Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) for the construction of two 174,000 cu…
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Havyard set to breach new covenants
Norwegian shipbuilding group Havyard says that during this quarter it expects to be in breach of new covenants as negotiated…
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