Shipyards
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CSIC starts integration of subsidiary shipyards
China Shipbuilding Industry Corporation (CSIC), one of China’s two state run shipbuilding conglomerates, have started the internal integration of its…
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IMF questions Seoul’s maritime rescue plan
The International Maritime Fund (IMF) has weighed into and criticised Seoul’s efforts to save its leading shipping lines and shipbuilders.…
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Welder sues Fraser Shipyards for exposure to toxic levels of lead
Fraser Shipyards of Superior in Wisconsin is facing a lawsuit from a worker alleging he suffered lead poisoning because of…
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STX becomes the highest profile casualty in Korean shipbuilding
The lead creditor of STX Offshore and Shipbuilding, a major South Korean shipbuilder, has confirmed the yard will enter court…
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SM Group pulls away from SPP yard buyout
Samra Midas Group (SM Group) has pulled out of plans to buy one of the three yards belonging to SPP…
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Major restructuring of northern Chinese yards
China Shipbuilding Industry Corp, one of the country’s two major state-run shipbuilding conglomerates, will integrate six of its shipyards into…
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Court receivership beckons for STX Offshore & Shipbuilding
One of South Korea’s largest shipyards is likely to enter court receivership, as early as today, its creditors have decided,…
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Sembcorp Marine will defend itself ‘rigorously’ in Sete Brasil fraud case
Singapore shipbuilder Sembcorp Marine on Tuesday issued a media statement in which it acknowledged news reports last week that identified…
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Yangzhou Guoyu Shipbuilding suspends operations, starts to layoff employees
Yangzhou Guoyu Shipbuilding has suspended its operations due to financial difficulties and is laying off employees in order to downsize…
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Russian yard seals mega rig order from Iran
Russian shipbuilder Krasnye Barrikady has been won a contract by Iran worth nearly $1bn to build five offshore drilling rigs…
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Pioneer Marine cancels last two newbuilds at Yangzhou Guoyu
Singapore handysize specialist Pioneer Marine has terminated contracts with China’s Yangzhou Guoyu Shipyard for the last two newbuild 38,400 dwt…
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North Koreans employed in ‘forced’ labour at two major Polish shipyards
An investigation by Vice has shone light on the employment of North Korean workers in “forced labour” conditions at the…
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Seoul moves to ease the pain of yard subcontractors
Seoul has moved to ease the burden on hard-hit subcontractors working at the nation’s struggling shipyards. The government is looking…
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Seoul risks another WTO spat if it intervenes to save shipbuilders
The government in South Korea is being urged to take a backseat when it comes to the restructuring of the…
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Hyundai Heavy Industries reportedly exiting offshore plant construction
In a huge change of direction for the world’s largest shipbuilder, local media in South Korea is reporting under pressure…
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DSME issues revised restructuring plan
Financially troubled Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) is looking sell its subsidiary yard in Shandong, China, as…
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Samsung Heavy’s rehab plan rejected, harsher measures demanded
Samsung Heavy Industries’ self-rescue plan submitted on Tuesday has been rejected by its lead creditor, Korea Development Bank, multiple sources…
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Keppel forms Russian joint venture
Keppel Offshore & Marine (Keppel O&M) has entered into a shareholders’ agreement with Russian national oil company, Rosneft, and Norwegian…
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DSIC to take over bankrupt shipyard STX Dalian
Splash understands that Dalian Shipbuilding Industry Corporation (DSIC), a major yard within Chinese shipbuilding conglomerate CSIC, has secretly reached an…
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Super-Eco Tankers in for product pair
Greece’s Super-Eco Tankers has placed an order for two firm 40,000 dwt IMO-II product tankers at South Korea’s Hyundai Mipo…
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