Shipyards
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Court to wind up parent company of Titan Petrochemicals
Titan Petrochemicals has announced that the High Court of Hong Kong has ordered to wind up the company’s controlling shareholder…
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CSSC and CSIC merger speculation grows
Eighteen years after they were split apart – with the Yangtze River serving as the demarcation line – China’s top…
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Former Keppel Shipyard official charged with corruption
A former senior procurement officer at Keppel Shipyard was brought to court yesterday over 395 charges involving corruption and money…
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Zvezda to build five gas-powered aframaxes
Sovcomflot, Rosneft, the State Transport Leasing Company (STLC), and Zvezda Shipbuilding Complex have signed agreements to build five gas-powered aframax…
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Foremost Group adds capesize pair at Waigaoqiao Shipbuilding
New York-based Foremost Group has placed an order at CSSC-affiliated Shanghai Waigaoqiao Shipbuilding for the construction of two 180,000 dwt…
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Hyundai Heavy confirms Polaris order for 10 gas-ready VLOCs
South Korea’s Hyundai Heavy Industries (HHI) has confirmed a deal worth $800m to build 10 very large ore carriers, its…
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Diamond Offshore in negotiations for Chinese drillship
US offshore driller Diamond Offshore is close to sealing a contract with China Merchants Heavy Industries (CMHI) for the construction…
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Polaris Shipping in for up to fifteen VLOCs at Hyundai Heavy
South Korean owner Polaris Shipping is close to clinching a deal with compatriot shipyard Hyundai Heavy Industries (HHI) for the…
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Cochin Shipyard plans dramatic expansion across India
Cochin Shipyard (CSL) will establish shipbuilding and repair facilities in the Andaman and Nicobar Islands, Gujarat, Kolkata and Mumbai, according…
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MSC comes in for giant eleven 22,000 teu ship order at DSME
Mediterranean Shipping Corporation (MSC), the world’s second largest containerline, has confirmed orders with South Korea’s Daewoo Shipbuilding & Marine Engineering…
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Keppel bets on seaborne data centres
Keppel, the giant Singapore conglomerate involved in multiple industries from property through to telecoms and shipbuilding, has seen a possible…
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Muted celebration for Japan’s first new drydock this century amid rampant competition
Japan’s largest shipbuilder yesterday celebrated the official opening of the nation’s first new drydock this century with the yard’s boss…
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Worker dies after crane collapses at Yangzijiang yard
A crane collapsed in a workshop at Jiangsu New Yangzi Shipbuilding, an affiliate yard of Yangzijiang Shipbuiling, yesterday leading to…
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Demo rates close in on $450 per ldt
Aggressive Pakistani buyers are pushing demo rates into territory not seen for years. The scrapping of the 151,102 dwt Silver…
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DP World buys Drydocks World and Dubai Maritime City
Dubai Inc has moved to consolidate its top maritime brands, solving a multi-billion dollar restructuring riddle in the process. Global…
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Sasaki wins LPG pair
Toda Kisen, a small Japanese owner based on the island of Shikoku, has gone to compatriot yard Sasaki Shipbuilding for…
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Sembcorp Marine to build CGL carriers for SeaOne
Singapore shipbuilder Sembcorp Marine has sealed a letter of intent with Texas-headquartered SeaOne Caribbean for the design and construction of at…
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Nam Cheong offloads more property to reduce debt
Malaysian OSV shipbuilder Nam Cheong has reached a deal to sell its office unit located on Paya Lebar Road in Singapore…
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CDB terminates investment deal with Sany Marine Heavy Industry
China Development Bank (CDB), a major policy bank in China, has terminated an RMB160m ($24.4m) investment deal with Sany Marine…
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Toyota pushes Japanese lines to order up to 20 LNG-fuelled car carriers
Japan’s big three shipping lines are in negotiations with the country’s leading yards for a massive car carrier order. With…
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