Shipyards
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State bank takes over Russia’s largest shipbuilder
State-owned VTB bank has taken over the running of financially troubled United Shipbuilding Corporation (USC) at the behest of president…
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International Seaways orders two LR1 tankers at K Shipbuilding
US tanker owner International Seaways has contracted two LR1 product carrier newbuilds for construction at South Korea’s K Shipbuilding. The…
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Bollinger Shipyards closes New Orleans facility
Bollinger Shipyards, the largest privately owned shipbuilder in the United States, has decided to close its operations in New Orleans.…
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Damen exits Mangalia shipyard partnership
Dutch shipbuilder Damen has decided to withdraw from a partnership it had with the Romanian government regarding the Mangalia shipyard.…
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Valaris readies to activate $337m purchase option on two DSME drillship newbuilds
New York-listed offshore driller Valaris is getting ready to add two newbuild drillships from a South Korean shipyard at a…
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Methanol-powered orders pile in, breaking new records
Methanol as the alternative fuel of choice for the 2020s looks increasingly a given with record amounts of orders for…
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Procopiou continues order spree with eight kamsarmax bulkers at Huangpu Wenchong
George Procopiou’s huge ordering spree continues with more bulk carriers in China. Hot on the heels of Sea Traders’ deal…
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Turkey’s Feyz Group books three ships at Damen
Istanbul-based Feyz Group has contracted Dutch shipbuilder Damen to build three 3,850 dwt combi freighter vessels. The units will be…
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Transpetrol expands with up to four LR2 newbuilds in South Korea
Belgium’s Transpetrol Maritime Services is bolstering its fleet with up to four LR2 tankers booked for construction in South Korea…
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South Korean engine makers merge
South Korea will have a new mega marine engine manufacturer with news today that HD Korea Shipbuilding & Offshore Engineering…
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‘Two-speed’ pattern emerges in global orderbook: Clarksons
Clarksons Research has drilled down to show subscribers to its weekly newsletter the severely skewed global orderbook, and the ramifications…
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Orders pile up at Chengxi Shipyard
The orders are stacking at China’s Chengxi Shipyard. German owner Schoeller Holdings has ordered two 50,000 dwt MR tankers at…
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Singapore’s Cyan inks deal for WTIV newbuild at China Merchants Heavy
Fast-expanding offshore wind vessel pure-play Cyan Renewables is lining up another newbuild in China. The Singapore-based company with a European…
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Fincantieri comes onboard nuclear power project
A European triumvirate is looking at developing nuclear propulsion for ships. French nuclear developer newcleo has signed an agreement with…
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Hyundai Mipo to spearhead Korean CSOV development
Hyundai Mipo Dockyard is pressing ahead with plans to develop ships for the burgeoning offshore wind sector. South Korean yard…
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UK debuts shipyard credit guarantee system
The UK government has debuted a shipbuilding credit guarantee scheme in the latest move by the kingdom to bolster its…
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Magni Partners hammers out deal for up to six new VLCCs
London-based Magni Partners has made a deal to order up to six VLCCs from New Times Shipbuilding in China for…
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Turkey’s Yasa in for MR quartet at Yangzijiang
Turkey’s Yasa is back to ordering tankers with slots secured at a private shipyard in China. The Istanbul-based owner is…
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Capital Maritime orders world’s largest LCO2 carriers from Hyundai
HD Korea Shipbuilding & Marine Engineering, a subsidiary of HD Hyundai, has won an order for two world’s largest liquefied…
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WinGD to start delivering ammonia engines in 2025
Swiss marine power company WinGD is on track to deliver its first dual-fuel ammonia engines by the first quarter of…
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