Shipyards
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STX yard linked with repair switch
Financially troubled yard STX Offshore & Shipbuilding is being linked to a shock switch to exit ship construction and instead…
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Samsung yard braces for strike
Workers at South Korean shipyard Samsung Heavy Industries will go on a partial strike on Thursday afternoon demanding the recently…
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New Delhi to provide local yards with financial assistance
Indian shipyards will be able to access up to $5.9m in state aid to build ships, according to new regulations…
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DSME collapse likened to Enron
The decline and fall of Daewoo Shipbuilding & Marine Engineering (DSME) has been compared to the bankruptcy of US energy…
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Tsipras calls for further Chinese maritime investment
Greek prime minister Alexis Tsipras has used his state visit to China to try and drum up more maritime investments,…
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Stream Tankers in for more Japanese chemical carriers
Norway’s Stream Tankers is back in Japan for more chemical tankers. Splash understands that Fukuoka Shipbuilding has received an order…
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Fincantieri and China State Shipbuilding Corporation form cruise venture
Italian shipbuilder Fincantieri is forming a joint venture aimed at developing and supporting the growth of the Chinese cruise industry…
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Another former DSME exec faces accounting fraud probe
Another ex-boss of Daewoo Shipbuilding & Marine Engineering was grilled by prosecutors in Seoul today. A giant accounting fraud, to…
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LT Ugland orders five bulkers at Tsuneishi Zhoushan
Isle of Man owner LT Ugland has placed orders at Tsuneishi Zhoushan Shipbuilding for the construction of five 63,000dwt bulk…
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STX orderbook taking a hit
Now under court receivership, STX Offshore & Shipbuilding is seeing its orderbook whittled down fast. Yonhap, South Korea’s main newswire,…
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Former Rongsheng employees enraged over outstanding salary and severance payments
A group of former employees of bankrupt shipyard Rongsheng Heavy Industries have sent an open letter to Huarong Energy requesting…
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Pyrsos Shipping bulker detained in Zhoushan
Beihai Maritime Court has ordered the detention of bulk carrier in Fangchenggang Port at the request of Zhoushan Changhong International…
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Former DSME president indicted
Nam Sang-tae, the former president of Daewoo Shipbuilding & Marine Engineering (DSME), was today indicted in Seoul on charges of…
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Fire breaks out at Guangdong shipbreaking yard
A fire broke out yesterday at Jiangmen Xinhui Shuangshui Shipbreaking & Steel in Guangdong, China during the dismantling of an…
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Former president of Guangxin Shipbuilding on trial for corruption
Guangzhou Intermediate People’s Court started a trial of Li Tongan, former president of Guangxin Shipbuilding & Heavy Industry, on corruption…
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Arrest beckons for former DSME boss as fraud investigation hots up
A former ceo of Daewoo Shipbuilding & Marine Engineering (DSME) was taken into custody today over the yard’s huge accounting…
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South Korea rushes through stimulus package to help struggling shipbuilders
President Park Geun-hye today urged local politicians to ratify a stimulus package worth KRW20trn ($17bn), including KRW10trn in extra budget,…
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Bankruptcy looms over DSME
A September bankruptcy hangs over embattled giant Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) unless it can raise KRW1trn…
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Under fire KDB promises to cut shipping and shipbuilding exposure
South Korea’s policy lender Korea Development Bank (KDB) has today announced a series of reforms on the back of stinging…
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CSIC completes merger of Dalian and Shanhaiguan yards
China Shipbuilding Industry Corporation (CSIC), one of China’s two state run shipbuilding conglomerates, have completed the internal integration of two…
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