Shipyards
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Unions blast creditors over Sunday’s four deaths at STX
A pair of trade unions in South Korea have laid the blame for the deaths of four subcontractors at STX…
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Tsuneishi plows ahead with landmark shipbreaking facility in the Philippines
Japanese shipyard giant Tsuneishi is plowing ahead with a landmark shipbreaking facility in Southeast Asia. Tsuneishi is building a ship…
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Yangzijiang Shipbuilding establishes new offshore structure manufacturing JV
Chinese shipbuilder Yangzijiang Shipbuilding has signed an agreement with Zhejiang Chankong Steel Pipe and Shanghai Puhe Metallurgy to set up…
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Explosion kills four at STX’s main yard in South Korea
Four subcontractors were killed at STX Offshore & Shipbuilding’s main yard in Jinhae, South Korea near midday on Sunday. The…
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Fujian Anda Shipping orders bulker at Fujian Southeast Shipbuilding
China’s Fujian Anda Shipping has signed a shipbuilding contract with local shipyard Fujian Southeast Shipbuilding for the construction of a…
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Sinopacific Offshore restructuring nears completion
China International Marine Containers (CIMC) has announced that Sinopacific Offshore has officially become an indirect wholly-owned subsidiary of CIMC Enric.…
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CSIC maps out DSIC and WSIC share sale plan
China Shipbuilding Industry Corporation (CSIC) has announced a detailed plan to sell part of its stakes in two fully owned…
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CSIC sets up marine propulsion HQ in Qingdao
Chinese shipbuilding conglomerate China Shipbuilding Industry Corporation (CSIC) has made an investment of RMB3.828bn ($215m) to establish CSIC Marine Diesel…
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Newbuild prices on an uptick despite traditional August lull
While August is following its normal historical trend with no sizeable ship orders placed at shipbuilders, brokers are widely expecting…
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Shanhaiguan Shipbuilding Industry cancels Falcon Energy jackup rig contract
CSIC-affiliated Shanhaiguan Shipbuilding Industry has terminated a contract for one of four jackup drilling rigs ordered by Singapore’s Falcon Energy.…
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Jinhai Heavy Industry diversifies and rebrands
Jinhai Heavy Industry, the shipbuilding unit of HNA Group, has announced that it has changed its name to Jinhai Smart…
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Nam Cheong served with $16.4m writ of summons by AmBank
Malaysian offshore shipbuilder Nam Cheong has been served a writ of summons by AmBank in the High Court of Malaysia claiming…
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Sinopacific Offshore resumes operations
Sinopacific Offshore & Engineering resumed full operations yesterday following the approval of the shipyard’s restructuring plan last week. The shipyard…
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Yangzijiang Shipbuilding orderbook hits $4bn with 14 vessels added in July
Yangzijiang Shipbuilding has added 14 shipbuilding orders to its orderbook in July, via a mix of new contracts and options…
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Zhejiang Ouhua wins order for 2,700 teu pair from Cape Shipping
Chinese shipbuilder Zhejiang Ouhua has won an order for two 2,700 teu containerships from Greece’s Cape Shipping. The two ships…
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Mednav heads to CSSC for MR tanker pair
Italian owner Mednav has placed its first newbuild order in over ten years, heading to China’s CSSC Offshore & Marine…
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Sinopacific Offshore restructuring plan approved by court
China International Marine Containers (CIMC) has announced that restructuring plans for Sinopacific Offshore have been approved by the shipyard’s creditors…
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Liberty House in discussions to acquire ABG Shipyard
Liberty House Group, the UK-based global metals and engineering firm controlled by billionaire Sanjeev Gupta, is in discussions to buy…
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Zhejiang Shipbuilding to lay off 300 employees
Zhejiang Shipbuilding, a bankrupt subsidiary yard of Sinopacific Shipbuilding, is going to lay off 300 employees in order to save…
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CMA CGM set to order series of record breaking 22,000 teu behemoths
CMA CGM will shortly put pen to paper for up to nine world-beating 22,000 teu class ships. Shanghai Waigaoqiao Shipbuilding…
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