Shipyards
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Yangzijiang Shipbuilding disposes of stake in marine systems company
Singapore-listed Chinese shipbuilder Yangzijiang Shipbuilding has disposed of its 20% equity interest in Jiangsu Hailan Marine Systems Technology for RMB29.5m…
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SMM arrives as ship orders disappear
And so to SMM in Hamburg, the world’s largest shipping show. I relish any trip to this great Hanseatic port…
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DSME plans to spin off naval shipyards
Daewoo Shipbuilding & Marine Engineering (DSME) has said it plans to spin off its naval shipbuilding business within the next…
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Zvezda shipyard to build vessels for Rosneft
The Zvezda shipyard in Russia’s Far East is to begin building vessels for Rosneft this year, with its first deliveries…
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CSSC’s Waigaoqiao and Chengxi yards facing difficulties
China State Shipbuilding Corporation (CSSC) is now facing operational difficulties at some of its affiliate yards amid the slump in…
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Otto Marine secures chartering contract and shipbuilding contracts
Singapore’s Otto Marine has announced that its wholly-owned subsidiary Go Offshore International has secured a chartering contract worth up to…
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Aborted Sinopacific takeover causes first ever loss for CIMC
China International Marine Container (CIMC) has posted a net loss of RMB378m ($56.6m) for the first half of 2016, the…
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DSME CEO in Europe to quell shipowner fears
With Hanjin Shipping ditched by the Korea Development Bank and seeking court receivership today, another embattled Korean maritime firm has…
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Former ST Marine official sentenced to six months jail
Han Yew Kwang, former chief operating officer and deputy president of Singapore shipbuilder ST Marine, has been sentenced to six…
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New floating dock for Abu Dhabi Ship Building
Abu Dhabi Ship Building (ADSB) has commissioned its first floating dock in Mina Zayed to service ships that were previously…
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DSME accused of bribing news editor
A goverment politician in South Korea has accused shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) of plying a newspaper editor with a…
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Mitsubishi Heavy seeks alliance with three other Japanese yards
Four major Japanese shipbuilders are in discussions to form an alliance to ride out the downturn. Mitsubishi Heavy Industries (MHI)…
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STX Offshore & Shipbuilding to slash a third of its workforce
STX Offshore & Shipbuilding will shed a third of its workforce and sell its cruise shipbuilding subsidiary in France. Officials…
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Doora goes Kangnam style with product tanker order
Kangnam Corporation, a Korean shipyard that traditionally has focused on military vessel construction, has won its first product carrier order.…
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Yangzijiang Shipbuilding to axe 2,000 workers
Yangzijiang Shipbuilding, the biggest private shipyard in China, is going to let go 2,000 employees by the end of 2016…
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Xiamen Shipbuilding inks financing deal with China Development Bank
Xiamen Shipbuilding Industry (XSI) has announced that it has signed a financing agreement with China Development Bank (CDB). Under the…
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Golden Ocean delays six Chinese cape deliveries
John Fredriksen’s Golden Ocean, in releasing its interims today, has revealed it postponed delivery of six capesizes by seven to…
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CSSC cheque is in the mail for bank IPO
China State Shipbuilding Corporation (CSSC), one of the two state run shipbuilding conglomerates in China, is going to support the…
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Zhengli Ocean Engineering orders semi-submersible vessel at Huangpu Wenchong
Fujian-based Zhengli Ocean Engineering has signed a shipbuilding contract with CSSC-affiliated Huangpu Wenchong Shipbuilding for the construction of a semi-submersible…
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Sembcorp Marine buys out PPL Shipyard
Singapore’s Sembcorp Marine has signed a sale and purchase agreement to buy the remaining 15% stake it does not already…
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