Shipyards
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STX’s Goseong Offshore & Shipbuilding auction fails
South Korea’s Goseong Offshore & Shipbuilding, a subsidiary yard of bankrupt STX Offshore & Shipbuilding, has failed to attract bidders…
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DSME pockets $58m from sale of ship design firm
Daewoo Shipbuilding & Marine Engineering (DSME), a major Korean yard that is going through restructuring, announced on Friday that is…
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Gadani rocked by another fire
The Pakistani ship recycling centre Gadani suffered another fire yesterday. Fortunately no one was killed when welders caused an explosion…
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Diana Shipping gets Dayang kamsarmax refund
Greek dry bulk owner Diana Shipping has received refunds of around $9.4m from the cancellation of a kamsarmax shipbuilding contract…
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Vinalines to sell off shipyard asset
Vietnam’s state run Vietnam National Shipping Lines (Vinalines) has submitted its capital divestment plan for Vinalines Shipyard Company to the…
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Euroseas settles yard dispute, receives 38% discount on latest ultramax
Euroseas has fixed a dispute with an Asian shipyard and will now receive an ultramax bulker next year at a…
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Seoul ditches debt ratio stipulation to access shipbuilding fund
Korean shipowners will only need to show a charter contract of five years or more to get state-run banks to…
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Former Guangxin Shipbuilding boss gets 10 years jail for corruption
Former president of Guangxin Shipbuilding & Heavy Industry, Li Tongan, has been sentenced by Guangzhou Intermediate People’s Court to 10…
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Jiangsu Eastern Heavy Industries seeks new investors
Jiangsu Eastern Heavy Industries (JEHI), a subsidiary yard of Singapore-listed JES International, has released a notice yesterday to seek new…
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CSSC in dispute over two vessel contracts
China State Shipbuilding Corporation (CSSC) has announced that its subsidiary yards Shanghai Waigaoqiao Shipbuilding and CSSC Chengxi Shipyard have been…
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Maran Gas Maritime orders FSRU at DSME
Maran Gas Maritime, a unit of Greek owner Angelicoussis Shipping Group, has signed a shipbuilding contract with financially troubled South…
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Brazilian shipbuilder Ecovix files for bankruptcy protection
Brazilian shipbuilding company Engevix Construcoes Oceanicas (Ecovix) announced on Friday that it and five subsidiaries have filed for bankruptcy protection…
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New Chinese shipbuilding conglomerate established
China Cosco Shipping Corportion (Coscocs) has officially established its new shipbuilding unit, Cosco Shipping Heavy Industry (CSHI), today. The new…
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Koreans rally to help yards
Korea, Inc has rallied to club together to save the nation’s hard-pressed maritime sector. At a government convened meeting yesterday…
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OSV carnage images spark frenzy
Sometimes in this game of news, pictures can sell really well. Shipping tends to be a tricky industry to source…
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Malawi seeks yards on its lakeshore
The landlocked southeast African nation of Malawi is looking for shipyards to set up business on the shores of its…
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Chevron cancels FPSO at Hyundai Heavy Industries
Energy major Chevron has cancelled a $1.9bn contract with South Korea’s Hyundai Hyundai Heavy Industries (HHI) for the construction of…
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American shipbuilders welcome president-elect Trump
The Shipbuilders Council of America (SCA) yesterday welcomed the impending administration of the 45th president of the US, suggesting Donald…
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Chennai cyclone wrecks 13 OSV newbuilds
Cyclone Vardah, which ripped through Chennai on Monday, wrought massive damage to the east coast Indian city, killing 18 and…
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Sinopacific Offshore seeks new investors
Bankrupt Sinopacific Offshore & Engineering, a subsidiary yard of Sinopacific Shipbuilding, has announced that it is now looking for new…
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