Shipyards
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Giant SMM survey reveals one in three owners are readying orders
With 10 months to go until the world’s largest shipping exhibition reconvenes, the organisers of SMM have carried out a…
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Sungdong on the verge of liquidation
Sungdong Shipbuilding & Marine Engineering from South Korea, once upon a time a top 10 yard globally, now stands on…
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Turkey’s Yasa in for ultramaxes at NACKS
Yasa Shipping from Turkey is finally closing in on an ultramax buying binge. Having been linked with orders in China…
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Tripartite Shipbuilding Forum agrees ship designs need radical overhaul
Carbon emissions, safety and cyber security were at the top of the agenda at the annual Tripartite Shipbuilding Forum which…
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Turmoil at ThyssenKrupp’s Kiel yard
German newspaper Handlelsblatt is reporting that ThyssenKrupp’s shipyard in Kiel is in turmoil with significant losses prompting a management shuffle.…
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Stopford predicts supply/demand equilibrium by 2021
It’ll take through to 2021 before the supply/demand equilibrium becomes favourable for shipping, the world’s most famous shipping analyst, Clarkson’s…
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Europe must develop holistic shipbuilding strategy amid rampant Asian competition
European shipbuilding nations are too small and weak individually to compete with their Asian counterparts and must band together if…
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Debmarine Namibia ordering new offshore vessel
Debmarine Namibia, part of diamond mining firm De Beers Group, has announced that it is at an advanced stage in…
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Cosco Shipping Energy orders seven tankers at DSIC
Cosco Shipping Energy Transportation, the tanker unit of China Cosco Shipping, has signed a major shipbuilding deal with CSIC-affiliated Dalian…
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ICS slams shipyard subsidies
A leading shipowning organisation has hit out at government subsidies supporting ailing shipyards. Addressing government trade negotiators in the OECD…
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CSSC Offshore & Marine Engineering to bring in strategic investors
CSSC Offshore & Marine Engineering, a subsidiary yard of China State Shipbuilding Corporation, has announced a plan to bring third…
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Merger mania intensifies for Chinese yards
China’s top 10 yards will hold 70% of yard capacity within three years, Jason Jiang reports. The modus operandi ahead…
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Zhongtian Technology orders three offshore wind vessels at CMHI
Chinese telecom and cable equipment manufacturer Zhongtian Technology has placed an order at China Merchants Heavy Industry (CMHI) for the…
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Wison teams up with Shanghai Electric to promote FLNG solutions
Wison Offshore & Marine, China’s top LNG-related shipbuilder, has signed a memorandum of understanding on strategic cooperation with Shanghai Electric…
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Former Hudong Zhonghua president gets 13-year jail sentence
A Shanghai court has sentenced Gu Tiquan, former president of CSSC-affiliated shipyard Hudong Zhonghua Shipbuilding, to jail for 13 years…
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Hyundai Heavy rejigs senior management
Hyundai Heavy Industries, the world’s largest shipbuilder, has rejigged its senior management set up, ditching a dual CEO function in…
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Waigaoqiao Shipbuilding transfers abandoned newbuilds to leasing arm of CSSC
Shanghai Waigaoqiao Shipbuilding has announced a plan to transfer 11 offshore newbuildings abandoned by owners to Tianjin Zhongchuan Jianxin Offshore…
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Sembcorp Marine and Marco Polo reach settlement over cancelled jackup rig
Singapore’s Sembcorp Marine has announced that subsidiary PPL Shipyard and Marco Polo Marine’s Marco Polo Drilling have reached a settlement…
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Titan Quanzhou Shipyard ruled to pay $79m to creditor
Titan Petrochemicals has announced that subsidiary Titan Quanzhou Shipyard has received a civil judgment from Fujian Provincial People’s High Court…
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Damen buys Mangalia yard from DSME
Damen Shipyards Group is buying a controlling stake in Romania’s largest shipyard, bringing some relief to both Bucharest and under…
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