Shipyards
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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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Yangzijiang Shipbuilding offloads two subsidiaries
Chinese shipbuilder Yangzijiang Shipbuilding has disposed of its shareholdings in two subsidiaries as part of its efforts to shed non-core…
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Navibulgar in for Chengxi handy quartet
Bulgaria’s largest shipowner continues its rapid fleet expansion with more Chinese handy orders. Navibulgar has gone to Chengxi Shipyard for…
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Evalend Shipping returns to Yangzijiang for four more bulkers
Greek owner Evalend Shipping has returned to China’s Yangzijiang Shipbuilding for the construction of four 82,000 dwt panamax bulkers at…
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Pleiades Shipping enters dry bulk sector with order at Namura
Greek owner Pleiades Shipping has placed an order of two 85,000 dwt post-panamax bulk carriers at Japan’s Namura Shipbuilding. The…
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Gwadar eyes new shipyard
Gwadar, the Chinese bankrolled port city near Pakistan’s border with Iran, is looking at building a massive shipbuilding complex to…
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Shipyards will have to fight for survival
Some major market indicators are on an improving trajectory but shipyard prices may have further to fall says Dr Adam…
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Vitol orders VLGC pair at Hyundai Heavy
Oil trader Vitol has signed shipbuilding contracts with South Korea’s Hyundai Heavy Industries (HHI) for the construction of two 84,000…
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Wison delivers world’s first FLNG barge to Exmar
China-based Wison Offshore & Marine has completed the final delivery for the world’s first barge-based floating natural gas liquefaction and…
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STX France to be nationalised
A shipyard on France’s Atlantic coast finds itself at the centre of a diplomatic spat. The nation’s new president, Emmanuel…
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Strike on the cards at Gadani
The local trade union at the Gadani shipbreaking area in Pakistan has warned its members will strike from the middle…
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CSIC to sell stakes in DSIC and WSIC
Chinese state run shipbuilding conglomerate China Shipbuilding Industry Corporation (CSIC) has announced a plan to sell part of its stakes…
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SUMEC confident of Dayang Shipbuilding restructuring
SUMEC Group, a machinery manufacturer and a major creditor of Yangzhou Dayang Shipbuilding, has released an announcement to explain the…
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Cochin Shipyard to launch IPO on August 1
India’s state-run Cochin Shipyard will launch its initial public offering on August 1. The shipyard is looking to raise 1,400-15,00…
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Court to auction off Jiangsu Shenghua Shipbuilding
Jiangsu Zhenjiang Intermediate People’s Court will start an auction for the entire assets of bankrupt Jiangsu Shenghua Shipbuilding via online…
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Hyundai Heavy Industries sells hotel unit as part of restructuring
South Korean shipbuilding group Hyundai Heavy Industries (HHI) has announced that it has sold off its hotels unit Hotel Hyundai…
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Ultrabulk secures newbuild financing from JBIC
Danish owner Ultrabulk is expected to secure newbuild financing from The Japan Bank for International Cooperation (JBIC) for two bulker…
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Samsung Heavy to mothball a floating drydock
Samsung Heavy Industries is further cutting back capacity at its main facility on the island of Geoje in the far…
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