Shipyards
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ASL Marine delays AGM as it seeks funding
Singapore offshore shipbuilder and vessel owner ASL Marine Holdings has applied to the Singapore Exchange for a one month extension…
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Daewoo Shipbuilding laying off 3,000 employees
Financially troubled South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) plans to eliminate 3,000 jobs before year-end as part…
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Judger Shipbuilding bulker auction fails
Bankrupt Zhejiang shipyard Judger Shipbuilding held an auction for an unfinished 82,000dwt bulk carriers online yesterday, however the auction failed…
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South Korean yards set for mega LNG carrier order
Clean energy company CBI Energy and Chemical Group is looking to order up to 20 LNG carriers from South Korean…
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French government prepares takeover of STX France
STX France, which is 66.64% owned by South Korea’s bankrupt STX Offshore & Shipbuilding, may see the French government step in to take…
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Taizhou Sanfu Shipbuilding not paying worker salaries
Jiangsu Taizhou-based Sanfu Shipbuilding is embroiled in a series of salary disputes with employees due to financial difficulties, an employee…
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Mitsubishi Heavy Industries to downsize shipbuilding operations
Japan’s Mitsubishi Heavy Industries (MHI) is planning to downsize its shipbuilding operations in order to deal with the current market…
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ABG Shipyard to offload Goa repair yard
India’s ABG Shipyard decided at a board meeting yesterday to sell off subsidiary Western India Shipyard. Western India Shipyard is…
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Atlantic Offshore converting MRV for emergency response
Norway’s Atlantic Offshore is sending multi-role vessel off for conversion works to become a full oil recovery and oil spill vessel.…
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ICICI Bank takes 11% stake in ABG Shipyard in debt-for-equity deal
Indian multinational bank ICICI Bank has taken over 11 million shares in ABG Shipyard in a debt-for-equity deal that gives…
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Euronav orders suezmax pair at HHI after sealing Valero Energy charter
Belgium-headquartered Euronav has ordered a pair of ice class suezmax tankers at Korea’s Hyundai Heavy Industries. The order has been…
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Keppel wins order for pair of dual-fuel diesel LNG tugs
Singapore shipbuilder Keppel Offshore & Marine has won contracts, via Keppel Singmarine, to build two dual-fuel diesel LNG tugs. The…
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North Atlantic Drilling and Sembcorp Marine further extend semi-sub standstill agreement
Seadrill’s North Atlantic Drilling and Sembcorp Marine’s Jurong Shipyard have once again extended a standstill agreement to defer delivery of…
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STX and STX France may be sold by bankruptcy court
STX Offshore & Shipbuilding (O&S) and STX France, which specialises in building cruise ships and is 66% owned by the…
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Keppel admits ‘suspicious’ payments made in Petrobras scandal
Singapore’s Keppel Corporation has admitted internal investigations have shown certain transactions associated with Zwi Skornicki from Eagle do Brasil, an…
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Navig8 Chemical Tankers cancels five newbuilds at STX
Navig8 Chemical Tankers has revealed the cancellation of its contracts to build five 49,000 dwt MR tankers at Korea’s STX…
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Diana Shipping newcastlemax pair delayed
Greek dry bulk specialist Diana Shipping has said that it has agreed some amendments to shipbuilding contracts which delays the…
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DFDS enhances fleet with twin order at Jinling Shipyard
Danish outfit DFDS is enhancing its fleet with the addition of two newbuild ro-ro freight ships ordered at China’s Jinling…
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Kawasaki Heavy may close its shipbuilding business
Declining profitability may cause Japan’s Kawasaki Heavy Industries to close its shipbuilding business. The company said it would decide by…
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DSME given a year to fix finances
The Korea Exchange has given Daewoo Shipbuilding & Marine Engineering (DSME) a year to get its finances in order at…
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