Shipyards
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Gadani hit by another major fire
A large fire has erupted onboard a vessel at Pakastan’s Gadani shipbreaking yard, the same LPG carrier which caught fire after an…
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Hyundai Heavy Industries to close down Gunsan shipyard
South Korean shipyard Hyundai Heavy Industries has offered voluntary redundancy packages to all 650 employees at its Gunsan shipyard as part…
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North Atlantic Drilling and Sembcorp further extend semi-sub standstill agreement
Singapore’s Sembcorp Marine says that it’s Jurong Shipyard has further extended a standstill agreement with John Fredriksen’s North Atlantic Drilling…
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Ship Finance International back at Daehan for more product tankers
John Fredriksen’s Ship Finance International has extended its series at Daehan Shipbuilding by ordering two plus two options 114,000 dwt…
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ST Engineering former president sentenced
Singapore Technologies Engineering (ST Engineering) announced that Chang Cheow Teck, the former President of ST Marine from March 2008 to…
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Vallianz closes Singapore yard
Singapore offshore services firm Vallianz Holdings has ceased operations at its shipyard in Singapore citing the industry slowdown and the…
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Seoul readies billions to aid local lines and yards
Seoul will launch a state-backed ship financing firm this month with initial capital of KRW1trn ($845m) to help the nation’s…
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Wison unveils floating power designs
Shanghai-based Wison Offshore & Marine has unveiled a range of solutions for floating power supply. With a design philosophy of…
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Japanese yards overtake Korean rivals
For the first time since the dawn of the new millennium Japanese yards have overtaken their Korean rivals in terms…
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Samsung Heavy wins $1.27bn contract from BP
Samsung Heavy Industries (SHI) has won the first South Korean vessel order of the year, concluding a lengthy contract with…
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Fincantieri selected to take over STX France
Italian yard Fincantieri has been designated the preferred bidder for STX France by a court in South Korea handling the…
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Korean shipyards brace for another tough year
The CEOs of South Korea’s top three shipyards have given their new year’s addresses to employees and have warned of…
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Havyard cancels Fafnir Offshore PSV contract
Norwegian yard Havyard has cancelled a PSV newbuild contract with Iceland’s Fafnir Offshore after the owner failed to make an…
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KDB ups stake in DSME
The ongoing restructuring at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has seen lead creditor Korea Development Bank (KDB)…
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Keppel FELS reaches agreement over stalled rig project
Keppel FELS has managed to resell a jack-up rig after the original buyer, Parden Holding, failed to pay up and…
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Mermaid Maritime cancels rig pair at China Merchants
Thailand’s Mermaid Maritime Public Company has cancelled construction contracts with China Merchants Industry Holdings for a pair of tender assist…
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DSME to build yard in Iran
Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) is to build a shipyard in Iran in partnership with the the…
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China Offshore Deepsea Industry Alliance established
Seven major Chinese rig builders have jointly established China Offshore Deepsea Industry Alliance (CODIA) in Beijing yesterday in an effort…
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China Ocean Industry sets up shipbuilding joint venture
Hong Kong-listed China Ocean Industry has announced that it has entered into a cooperation framework agreement with Xiamen Xiangyu Group,…
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Sun Bay orders accommodation platform at Huangpu Wenchong
CSSC-affiliated Huangpu Wenchong Shipbuilding has signed a contract with Sun Bay (Hong Kong) for the construction of a jack-up offshore…
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