Shipyards
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One-third of shipbreakers in Bangladesh at risk from lung diseases
Bangladesh’s Occupational Safety, Health and Environment Foundation (OSHE) has unveiled a shocking study that claims one third of workers in…
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Tankers and gas ships banned from Gadani
Tankers and gas ships will not be allowed to be broken up at Pakistan’s prime ship recycling area, Gadani, until…
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Singapore’s millionaires are not best suited to build rigs
The obituary for Singapore’s shipyards has been written many, many times. It’s Indian summer – roughly 2006 to 2012 –…
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German owners named and shamed for dire shipbreaking record
German shipowners have come in for sharp criticism for their shipbreaking choices. In a new report from NGO Shipbreaking Platform…
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The case of the phantom orderbook and other shipyard conundrums
Dr Adam Kent from Maritime Strategies International posits that as much as one third of the Chinese ship orderbook could…
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Varun closes in on $420m Chinese VLGC series
India’s Varun Shipping has signed a letter of intent at China’s Jiangnan Shipyard for a massive order of VLGCs. Brokers…
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Keppel closes three yards and cuts 2,620 more staff
Singapore’s Keppel Offshore & Marine has revealed in its full year results that it is in the process of closing…
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STX ordered to compensate shareholders $4.2m
Struggling South Korean shipyard STX Offshore & Shipbuilding has been told it must pay minority shareholders $4.2m in compensation to…
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Zhejiang Shipbuilding submits restructuring plan
Zhejiang Shipbuilding, a bankrupt subsidiary yard of Sinopafic Shipbuilding, has submitted a draft plan for restructuring to a local court.…
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Cosco Nantong lands wind farm order from Everbright
Chinese shipbuilder Cosco has announced that Cosco (Nantong) Shipyard has won a contract from Hong Kong’s Everbright Int’l Offshore to…
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Acta Marine orders CSV at Ulstein
Netherlands-based offshore vessel operator Acta Marine has signed a contract with Norwegian yard Ulstein Verft to build a construction support…
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Mitsubishi Heavy opens Houston division specialising in oil and gas machinery
Mitsubishi Heavy Industries America (MHIA), US-based subsidiary of the Japanese industrial giant MHI, has opened an office in Houston, Texas,…
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Lamprell continues to cull workforce
UAE-based offshore fabricator Lamprell has announced another round of job cuts today in a company update. Lamprell says it has adapted…
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Former Jiangyan Shipbuilding chairman sentenced to 17 years prison
Hubei Huangshi Intermediate People’s Court has sentenced Lin Ran, former chairman of bankrupt Hubei Jiangyan Shipbuilding, to 17 years jail for fraud.…
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ASL Marine bondholders agree to maturity extension
Singapore offshore services, shipbuilding and repair company ASL Marine Holdings has obtained majority approval from noteholders of its series 006…
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Xiamen Xiangyu takes over Mingde Heavy Industry
Nantong Xiangyu Offshore Equipment has taken over bankrupt shipyard Nantong Heavy Industry for RMB576m ($83.8m) through an online auction on…
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Eimskip heads to China for new boxships
In a rare boxship newbuild order, Iceland’s Eimskip has headed to China for three firm plus three options of a…
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CSSC to develop nuclear-powered offshore platform
China State Shipbuilding Corporation (CSSC) has signed a letter of intent with China General Nuclear Power Corporation (CGN) and Shanghai…
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World merchant fleet hits new highs as newbuild orders slump to 1980s lows
According to Clarksons Research’s just launched annual World Fleet Register, the world merchant fleet grew by 3.1% in tonnage terms…
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Tsuneishi eyes second yard in the Philippines
Japan’s Tsuneishi Shipbuilding is looking at building another yard in the Philippines. The shipbuilder, which has yards in the south…
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