Shipyards
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ASRY chief executive quits
Bahrain shipyard Arab Ship Repair Yard (ASRY) appointed Magdy Mustafa as acting chief executive, after the current chief executive Nils…
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Auditors slam Chinese yard JES
There’s unlikely to be any quick turnaround in fortunes for bust Chinese shipyard JES International Holdings. Auditors for the Singapore-listed…
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Vietnam to target shipbuilding in latest national economic plan
Shipbuilding has been identified by Hanoi as a key industry to develop under a new economic plan likely to be…
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Samsung Heavy rights issue coming soon
South Korea’s Samsung Heavy Industries (SHI), in the midst of a large restructuring, is pushing ahead with a rights offering…
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Call to ban refund guarantees
Refund guarantees should be banned to make shipping less of a casino, a majority of readers voting in our latest…
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Otto Marine takeover moves a step closer
Singapore offshore shipbuilder and vessel operator Otto Marine has announced that Singapore Exchange has no objection to the proposed delisting…
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AVIC International Maritime proposes restructuring
Singapore-listed Chinese firm AVIC International Maritime Holdings has announced that the group is proposing to undertake an intragroup restructuring exercise…
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Shenzhen Biaodian orders 11 LNG bunkering barges at Wuchang Shipbuilding
CSIC-affiliated Qingdao Wuchang Shipbuilding Industry has signed shipbuilding contracts with Shenzhen Biaodian Investment for the construction of 11 LNG bunkering…
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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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