Shipyards
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Samsung Heavy readies $1bn share sale
South Korean shipbuilding major Samsung Heavy Industries is gearing up for a share sale worth KRW1.14trn ($996m), Yonhap, the nation’s…
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CSIC head of discipline being investigated for corruption
China’s State-owned Assets Supervision and Administration Commission (SASAC) has announced that it has started investigations into the activities of Liu…
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Deadly Gadani fire finally extinguished
After four days firefighters have finally managed to douse the terrible tanker blaze that killed many workers at a shipbreaking…
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Heerema Fabrications Group to cut 450 jobs
Dutch offshore EPC contractor Heerema Fabrications Group is set to lay off hundreds of workers as part of a reorganisation…
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Diana Shipping cancels bulker at Dayang Shipbuilding
Greek owner Diana Shipping has cancelled a shipbuilding contract with Yangzhou Dayang Shipbuilding and Shanghai Sinopacific International Trade with respect…
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Dire safety conditions revealed in wake of Gadani fire as death toll feared to surpass 100
A fire, which has now killed at least 21 people, is still raging at Pakistan’s Gadani ship recycling area with…
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DSME will make more cuts as order slump worse than anticipated
Admitting it will fall well short of its annual sales target, under pressure Korean yard Daewoo Shipbuilding & Marine Engineering…
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Jawar Al Khaleej Shipping orders three at Damen
Damen Shipyards Group has announced the singing of a contract with Jawar Al Khaleej Shipping (JAK) for the supply of…
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Waigaoqiao Shipbuilding secures $296m credit facility
CSSC-affiliated Shanghai Waigaoqiao Shipbuilding has signed a loan agreement yesterday with CSSC Finance Company, China Industrial Bank and Shanghai Pudong…
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Norwegian yard set to build world’s first unmanned ship
The race to build the world’s first unmanned ship leapt ahead yesterday with news the UK’s Automated Ships – an…
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Gadani tanker fire death toll climbs
The death toll has climbed to 18 following yesterday’s massive explosion on a beached tanker at the Gadani ship recycling…
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Bihar in Chinese tanker swoop
Allied Shipbroking is reporting that Bihar International from Saudi Arabia has ordered up to eight tankers at New Times Shipbuilding…
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At least 10 workers killed as fire rips through beached tanker at Gadani
A giant fire engulfed a beached tanker today killing at least ten workers at the Gadani shipbreaking area in Pakistan…
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Odfjell orders up to eight chemical tankers at Hudong Zhonghua
Norwegian company Odfjell has signed shipbuilding contracts with CSSC-affiliate Hudong Zhonghua yesterday for the construction of four 49,000dwt chemical tankers,…
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Argo LNG orders $1.8bn facility at Honghua
China’s drilling rig manufacturer Honghua Group has announced that its subsidiary Honghua Offshore has entered into a $1.8bn offshore LNG…
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Seoul earmarks billions to save shipyards
Seoul has moved to right the ship of its dire maritime sector announcing today a new KRW1trn ($871.73m) state-backed ship…
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Bondholders to sue Wuhan Guoyu Logistics over default
The bondholders of Wuhan Guoyu Logistics, the parent company of Yangzhou Guoyu Shipbuilding, has made a consensus at a meeting…
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Bergen Group maps out refinancing plans
Norway’s Bergen Group says it has nearly finalised a restructuring and refinancing process to secure the long-term future of the…
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NAT in for Samsung suezmax trio
Nordic American Tankers (NAT) has tapped South Korea’s Samsung Heavy Industries (SHI) to build three suezmax tankers of about 157,000…
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Tax fraud uncovered at Mingde Heavy Industry
China’s State Administration of Taxation has uncovered a tax fraud case at bankrupt shipyard Mingde Heavy Industry. According to the…
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