Shipyards
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Former ST Marine official sentenced to 16 weeks jail
A court in Singapore has sentenced Tan Mong Seng, former president of commercial affairs of Singapore shipbuilder ST Marine, to…
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Yards look to profit from soaring secondhand bulker prices
Shipyards, noting the massive contraction in prices between secondhand and newbuild bulkers, are now trying to push up prices. In…
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Formosa Plastics orders MR tanker trio
CSSC Offshore Marine, formerly Guangzhou Shipyard International has received an order from Taiwanese owner Formosa Plastics Marine for three 50,000…
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Kawasaki Heavy to slash 30% of Japanese staff
Kawasaki Heavy Industries (KHI) is downsizing its shipbuilding and offshore structure operations in Japan by around 30% amid a protracted…
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US judge rules in Keppel’s favour over Petrobras bribery links
A court in the US has thrown out a case linking Singapore’s Keppel Corporation to the massive bribery case that…
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Mitsubishi Heavy to collaborate with Imabari and Namura
Mitsubishi Heavy Industries (MHI) has reached basic agreements with fellow Japanese yards Imabari Shipbuilding and Namura Shipbuilding in the wake…
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Yangzijiang Shipbuilding closes 13 new contracts in first quarter
Yangzijiang Shipbuilding says it has added 13 new shipbuilding contracts worth a total of $318m to its orderbook in the…
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Euroseas taking delayed kamsarmax newbuild at reduced price
Greek owner Euroseas has signed an addendum to a newbuilding contract with China’s Jiangsu Yangzijiang Shipbuilding for a kamsarmax dry…
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Solvang declares options for ethylene carrier pair
Norway’s Solvang has wasted no time declaring options on two 21,000 cu m ethylene carriers, having confirmed a 2+2 order…
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As pressure mounts, DSME CEO vows ‘bone-crushing’ reforms
Court receivership cannot be ruled out for Daewoo Shipbuilding & Marine Engineering (DSME), one of South Korea’s top shipyards, as…
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Cochin Shipyard’s IPO attracts protests
Trade unions in India are gearing up for a series of protests taking aim at the government’s plans to sell…
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Vinalines to auction off shipyard assets
Vietnam National Shipping Lines (Vinalines) is going to sell its entire 88.6 percent stake in Vinalines Shipyard Company via an…
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Titan Petrochemicals acquires EMS Energy shares to fund shipyard construction
Hong Kong-listed Titan Petrochemicals Group has announced that it has entered into a memorandum of understanding (MOU) with Singapore’s EMS…
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CEO of Japan’s second largest shipbuilder announces restructuring, takes swipe at Korean rivals
The CEO of Japan Marine United (JMU), the second largest yard in the nation, has announced a restructuring, as well…
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LPG carrier fetches $420 per ldt in India
Demo rates have crashed through the $400 barrier for the first time since April 2015. With scant tonnage heading to…
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Odebrecht O&G may seek out-of-court reorganization with creditors
Brazilian offshore oil driller Odebrecht Oleo & Gas (OOG), part of the Odebrecht construction, engineering and chemicals giant, could seek…
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Can scrap rates hold firm?
With demo rates smashing through the $400 per ldt mark, chief correspondent Jason Jiang investigates how long this recycling run…
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Cobelfret places rare Oshima bulker orders
Belgium’s Cobelfret continues its rapid fleet build up in 2017 with brokers reporting it has placed a rare bulker order…
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Marco Polo looks to Malaysian JV with Nam Cheong to find work
The joint venture company owed by Singapore’s Marco Polo and Malaysia’s Nam Cheong, Marco Polo Offshore, has incorporated a new…
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Colombo Dockyard eyes wind installation sector
Amid a severe ordering drought, Sri Lanka’s only shipbuilder is having to seek alternative revenue streams. Colombo Dockyard, which received…
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