Shipyards
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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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State-run player completes restructuring of Zhoushan Penglai Shipyard
State-run enterprise Ningbo Ningshing Group has completed the restructuring of bankrupt Zhoushan Penglai Shipyard and rebranded the yard as Ningshing…
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China Railway Construction orders crane vessel at ZPMC
China Railway Construction Corporation (CRCC) has placed an order at Shanghai Zhenhua Heavy Industries (ZPMC) for the construction of a…
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CSIC and CSSC shuffle top management
China’s two largest state-run shipbuilding conglomerates CSSC and CSIC are both shuffling their top management as part of their ongoing…
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Awilco Drilling terminates semi-submersible contract at Keppel FELS
Norway’s Awilco Drilling has served notice to Singapore yard Keppel FELS that it has terminated the newbuilding contract between the…
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DSME bags $748m Russian LNG barge deal
Daewoo Shipbuilding & Marine Engineering (DSME) has won a KRW900bn ($748m) order to build two liquefied natural gas (LNG) barges…
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Sembcorp Marine proposes $1.5bn recapitalisation as part of demerger from parent company
Singapore’s shipbuilding and repair yard group Sembcorp Marine has proposed a recapitalisation plan through a S$2.1bn ($1.5bn) rights issue which…
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Court seizes shipyard assets of Taizhou Kouan
A court in Taizhou has ruled to freeze part of the shipyard assets of Taizhou Kouan Shipbuilding at the request…
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EU resumes HHI-DSME merger investigation
The European Commission, the antitrust regulator of European Union, has resumed screening of the merger between major South Korean shipbuilders…
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