Shipyards
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Sale of STX France expected to resume this month
STX Offshore & Shipbuilding will mount a third attempt to sell of its French subsidiary as early as next week.…
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Amidst the ordering downturn, South Korea has a new shipbuilder
While all around it are struggling to get any orders, one South Korean yard is celebrating its first ever ship…
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TH Heavy Engineering faces wind-up petition
Malaysian shipyard TH Heavy Engineering has received a petition for winding-up, which was presented to The Kuala Lumpur High Court…
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CSIC to raise $588m in share issue
China Shipbuilding Industry Corporation (CSIC), one of the two state-run shipbuilding conglomerates in China, has announced that it plans to…
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Russia shipyard hopes to drum up more business from Azerbaijan
Meetings have been held in Baku this week to entice Azerbaijan to build more vessels at the Red Sormovo shipyard…
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When the masks came off: An exposé into financial misdoings in Singapore
Julie O’Connor is on a mission to right investment wrongs in Singapore and Australia – and she’s willing to go…
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Malaysia offers shipyard tax perks
Malaysia’s Ministry of International Trade and Industry (Miti) has introduced new tax incentives for shipbuilders and ship repair yards. Miti…
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TAS Offshore secures order for tug duo
Malaysian shipbuilder TAS Offshore has announced has secured two contracts for the sale of 2 harbour tugs. The vessels were…
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Russia invites China to invest in its shipyards
Russia has invited China to invest in shipbuilding facilities in the Far East of the country, reports say. “We are…
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DSME’s 2015 loss was bigger than it reported, investigation finds
Financial authorities in South Korea have found that the operating loss posted by Daewoo Shipbuilding & Marine Engineering (DSME) in…
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Guoyu Shipbuilding looks to resume operations after settling with workers
Guoyu Shipbuilding looks to resume operations after settling with workers Financially troubled Yangzhou Guoyu Shipbuilding has reached a settlement agreement…
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Rongsheng’s financial woes laid bare
Huarong Energy, formerly Rongsheng Heavy Industries, had admitted its restructuring is not going smoothly. Once China’s largest private shipyard, the…
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Yangfan workers widen protest seeking government support
Over 500 workers of financially troubled Yangfan Shipbuilding protested in front of a government office on Saturday to seek help…
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DSME’s liquidity shortage set to worsen
The next few years will prove incredibly hard for Daewoo Shipbuilding & Marine Engineering’s (DSME) balance sheet, a new due…
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OOS orders two semi-submersible crane vessels at China Merchants
OOS International Group has signed a fixed contract with China Merchant Industry Holdings for the engineering and construction of two…
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Vard ups stake in Brazil yard
Vard Holdings has increased its ownership stake in its indirect subsidiary in Brazil, Vard Promar, to 95.15%. Vard Promar, previously…
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Sainty Marine delays restructuring plan
Bankrupt Chinese shipyard Sainty Marine has announced that Nanjing Intermediate People’s Court has approved the company’s request to extend the…
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Another creditor files for THHE Fabricators to be wound up
A third creditor has filed a petition with the Kuala Lumpur High Court of Malaya to wind up THHE Fabricators,…
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Stolt-Nielsen chooses Keppel for a pair of new LNG tankers
Oslo-listed Stolt-Nielsen has decided to award the construction of two (with options for further two) LNG tankers with 7,500 cu…
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Court cases rack up against STX Offshore & Shipbuilding
Troubled South Korean shipyard STX Offshore & Shipbuilding has admitted a slew of court cases are heaping pressure on the…
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