Shipyards
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Nam Cheong hit by OCBC writ of summons, warns of possible going concern issue
Malaysian offshore shipbuilder Nam Cheong, which is currently in discussions with lenders and advisers to restructure its business, has received…
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Oldendorff returns to Hantong for kamsarmaxes
German owner Oldendorff Carriers has placed an order for one firm and one optional 82,000 dwt kamsarmax bulker at Jiangsu…
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Titan Petrochemicals converts debt to new shares
Titan Petrochemicals has reached agreements with its lenders to offset unpaid debts with new shares. Titan Petrochemicals will issue 544m…
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China Steel Express confirms order for four capesizes
Taiwanese owner China Steel Express (CSE) has approved a plan to order four 208,000dwt capesize bulkers at Taiwanese and Japanese…
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Hanjin Heavy sells block manufacturing site
Hanjin Heavy Industries & Construction has sold off a block manufacturing site located in Dadaepo in the southwest of Busan…
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Sinopacific Offshore confident of emerging from restructuring
Sinopacific Offshore & Engineering, a subsidiary yard of Sinopacific Shipbuilding, is optimistic about the ongoing restructuring process of the shipyard.…
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DFDS doubles up on order at Jinling Shipyard
Danish owner DFDS has ordered an additional two newbuild roro freight ships at China’s Jinling Shipyard. The orders adds to…
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Zhenghe Shipbuilding seeks new investors
Financially troubled Zhejiang Zhenghe Shipbuilding, the shipbuilding subsidiary of Qingdao Zhenghe Shipping, is still making efforts to restructure the yard…
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Asian Exim banks throwing good money after bad
Throwing good money after bad – that does seem to be the modus operandi of arguably the two most powerful…
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Korean government in dialogue with Hyundai Heavy to keep Gunsan yard open
The Korean government is looking into the closure of Hyundai Heavy’s Gunsan yard, trying to find a solution to keep…
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NGO and labour unions raise concerns over Transpetro’s shipbreaking practices
A non-governmental organizations (NGO) and Brazilian labour groups have expressed their concerns about alleged dirty scrapping services by Transpetro, Brazil’s…
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China’s first 20,000 teu ship set to launch
The first Chinese-built 20,000 teu ship will launch tomorrow with Splash obtaining exclusive images of the giant ship while on…
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Maersk Supply Service delays nine newbuilds
Maersk Supply Service has reached agreements with shipyards Cosco Dalian and Kleven to delay the delivery of five anchor handling…
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Mitsubishi Heavy forms alliance with Oshima
Mitsubishi Heavy Industries (MHI) has reached a basic agreement with compatriot Japanese yard Oshima Shipbuilding towards the formation of an…
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Japan yards and owners boast largest orderbooks in the world
Japanese yards and owners top the ranks in terms of orderbooks, according to data from Clarkson Research. On the changing…
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China Steel Express set to order capesize duo at CSBC
Taiwanese owner China Steel Express is currently in talks with local yard CSBC for the construction of two 200,000 dwt…
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DSME seals more bank aid
More aid has been approved by state-run banks for one of South Korea’s largest yards. Korea Development Bank and Export-Import…
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China Aerospace Science to take over Dayang Offshore Equipment
Chinese state-run China Aerospace Science & Industry Corporation has announced that a subsidiary of the company has signed share transfer…
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Philly Shipyard in talks for four Jones Act boxships
Philly Shipyard says it has initiated construction of up to four new containerships with deliveries in 2020 and 2021, and…
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Korean private equity invests in Hyundai Samho
Korean yard Hyundai Samho Heavy Industries, an affiliate of Hyundai Heavy Industries, has attracted a KRW400bn ($355.4m) pre-initial public offering…
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