Shipyards
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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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Cochin Shipyard to raise up to $229m via IPO
India’s state-run Cochin Shipyard has filed IPO papers with the Securities and Exchange Board of India (SEBI) and is looking…
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Bohai Shipbuilding caught up in $567m loan fraud
Bohai Shipbuilding Heavy Industry, an affiliate yard of state-run China Shipbuilding Industry Corporation (CSIC), has been involved in a loan…
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Hafnia Tankers orders product tanker pair at CSSC
Vista Shipping, a joint venture established by Danish owner Hafnia Tankers and CSSC Shipping, the financial leasing unit of shipbuilder…
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Solvang confirms ethylene carrier pair at Hyundai Mipo Dockyard
Norway’s Solvang has confirmed an order with South Korea’s Hyundai Mipo Dockyard for the construction of two firm 21,000 cu…
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Seoul fines DSME accountant for ‘turning a blind eye’ to huge accounting fraud
South Korea’s financial regulator has banned accounting firm Deloitte Anjin from conducting new audits for 12 months as punishment for…
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Oldendorff converts bulker into transloader
German carrier Oldendorff has contracted Chinese yard CSSC Chengxi Shipyard to convert its 88,266dwt post panamax bulk carrier into a…
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DSME to receive $2.6bn rescue package
South Korea’s financial regulator, Financial Services Commission, announced today a KRW2.9 trillion ($2.6bn) debt restructuring plan for shipbuilder Daewoo Shipbuilding…
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Struggling Hyundai Heavy suspends work at another dock
Hyundai Heavy Industries, the world’s largest shipbuilder, has announced it will shutter another dock at its Ulsan flagship facility. Dock…
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Chow to retire after 36 years at Keppel
After 36 years at the company Chow Yew Yuen, 62, will retire from his position as CEO at Keppel Offshore…
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Odfjell in for two Hudong-Zhonghua dual fuel chemical tankers
Odfjell has signed a letter of intent for two additional chemical tankers with stainless steel cargo tanks, to be built…
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Auditor casts serious doubts on Nam Cheong
Malaysian offshore shipbuilder Nam Cheong has announced that its independent auditors BDO LLP have cast doubt on its ability to…
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Hyundai Samho to build LNG-fuelled aframaxes for Sovcomflot and Shell
Hyundai Samho Heavy Industries will be build four LNG-fuelled ice-class aframaxes for Russia’s Sovcomflot. The 114,000 dwt quartet are thought…
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Court to auction Fujian Crown Sea Shipping bulker
Xiamen Maritime Court has announced that it will hold an auction for Fujian Crown Sea Shipping’s handymax bulk carrier via…
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Economou secures four VLCC newbuilds for just $76m per unit
Splash understands George Economou has managed to negotiate a sensationally low price of just $76m per unit for a series…
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Marine Assets Corporation secures financing for PSV
UAE-based offshore owner Marine Assets Corporation (MAC) has signed a financial leasing agreement with Chuanzheng Overseas Development, the financial leasing…
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World gets a glimpse of the largest boxship ever built
The world got a glimpse of the world’s largest containership yesterday at the naming cermomy of the 20,150 teu .…
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