Shipyards
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Japan and the EU file complaint with the OECD over DSME’s bailout
Japan and the European Union have filed a complaint with the OECD, maintaining that the Korean state-run banks’ bailout of…
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Procopiou’s Dynacom in for up to eight Chinese VLCC newbuilds
George Procopiou’s Dynacom Tankers Management is following the lead of other Greek tycoons in tying up deals for very low…
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Salvation for DSME
Daewoo Shipbuilding & Marine Engineering (DSME), one of the world’s largest shipbuilders, has been saved from financial oblivion. Key bondholder,…
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Chinese shipyards suffer huge drop in new orders
Chinese shipyards have suffered a major decline in new order volumes during the first quarter of 2017, amid the continued…
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Petronas orders offshore platform at MMHE
Malaysia Marine and Heavy Engineering (MMHE) has won a RM1bn ($227m) contract from Petronas for the construction of an offshore…
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Have newbuild prices bottomed out?
Have newbuild prices bottomed out? Will we ever see a 22,000 teu boxship? Are bunker fuel levies the way to…
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Two workers die in accident at CSBC yard
Two workers died in an accident at CSBC’s Kaohsiung yard on Saturday afternoon while working on a semi-submersible heavy lift…
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DSME’s top bondholder and creditor finally find common ground to save the yard
A deal has been reached to save one of the world’s largest shipbuilders. Doubts had been growing this month that…
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Boskalis heads to IHC Merwede for new mega cutter
Royal Boskalis Westminster has placed a new order at IHC Merwede for a self-propelled mega cutter. The new vessel, a…
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Ship repair yards swamped as ballast water regs hove into view
With ballast water management regulations fast approaching shipowners have rushed to ship repair yards in their droves in the first…
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Burmese owner sends five for scrapping
Myanmar’s Continental Investment Holdings (CIH) has been making the most of high demolition prices by sending five boxships for scrap…
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Gulf Navigation: Khamis Juma Buamim stars on the cover of latest Maritime CEO
A hospital pass is the sporting vernacular that many might have felt on hearing Khamis Juma Buamim had taken on…
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Keppel agrees to sell Rotterdam yard to Damen
Singapore’s Keppel Offshore & Marine has entered into a term sheet agreement with Damen Shipyards Group for the sale of…
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Odfjell confirms chemical tanker pair at Hudong-Zhonghua
Having signed an LOI last month, Odfjell has now signed final shipbuilding contracts for two chemical tankers with Hudong-Zhonghua Shipbuilding…
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HMM in for up to 10 DSME VLCCs
Hyundai Merchant Marine (HMM) has signed a letter of intent with Daewoo Shipbuilding & Marine Engineering (DSME) to build five…
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Bulker orders in China proliferate
Dry bulk orders in China are beginning to proliferate – the cheap prices proving too tempting for many. Chartworld Shipping…
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China Merchants and CIMC to consolidate offshore yards
China Merchants Port Holdings has announced that it has reached an agreement to transfer its entire 24.53% equity share in…
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Northern Offshore further delays two rigs at Cosco Dalian Shipyard
Cosco Dalian Shipyard has reached an agreement with Northern Offshore, a subsidiary of China’s Shandong Offshore International, to further postpone…
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Sembcorp Marine sell stake in Chinese tech firm
Singapore’s Sembcorp Marine has sold its 70% equity interest in Shanghai Guofeng Marine Engineering and Technology (SGMET) to the other…
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Paris approves STX France sale
The French government has given the green light for the sale of a 48% equity stake in shipyard STX France…
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