Shipyards
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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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Samsung Heavy submits self-rescue plan to Korea Development Bank
Samsung Heavy Industries has handed its self-rescue plan to Korea Development Bank (KDB), its main creditor, in an effort to help…
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Sinopacific Shipbuilding’s parent company in debt default
Shanghai Clearing House has announced that Evergreen Holding Group, the parent group of Sinopacific Shipbuilding, hasn’t been able to make…
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Shipbuilding as a demographic weather vane
“I look forward to the day we are not the world’s top shipbuilding nation.” On the face of it a…
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Sembcorp Marine’s Estaleiro Jurong Aracruz targets repair work
Looking for new lines of business as Brazil’s offshore sector continues to struggle, Sembcorp Marine’s Brazilian shipyard Estaleiro Jurong Aracruz…
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SPP sale hits a snag
The protracted sale of a yard belonging to SPP Shipbuilding has hit another delay, with Samla Midas Group, the potential…
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Sonatrach orders LPG carrier at Jiangnan Shipyard
Hyproc Shipping, a subsidiary of Algerian state energy company Sonatrach, has ordered a liquefied petroleum gas (LPG) carrier at China’s…
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DSME to manage state-owned shipyard in Iran
Daewoo Shipbuilding & Marine Engineering (DSME) has signed a memorandum of understanding (MOU) with the Iranian government to run the Iran…
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Tonnage ordered at South Korean shipyards falls by 94% during Q1
A new report has quantified the massive slump in newbuilding activity that has forced most major shipyards in South Korea to restructure…
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DSME boss warns of further job cuts
The ceo of Daewoo Shipbuilding & Marine Engineering (DSME) will announce further restructuring efforts this week as the yard fights…
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Hundreds of workers protest at Yangfan Shipbuilding
Workers at China’s Qingdao Yangdan Shipbuilding blocked the main entrance to the shipyard on Friday, protesting that they haven’t been…
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Zhejiang Hexing Shipyard ordered to suspend operations over safety concerns
Zhejiang local safety authority has announced that it found a series of safety issues at Zhejiang Hexing Shipyard during a…
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Maersk sends two boxships to Alang
Maersk is sending two boxships to Alang in India for scrapping, a key trial for the Danish group’s recycling plans…
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Kim Heng Offshore & Marine eyes Iran with new MOU
Singapore’s Kim Heng Offshore & Marine Holdings, via subsidiary Kim Heng Marine & Oilfield (KHMO), has entered into a non-binding…
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ASL Marine awarded $113.5m worth of new contracts
ASL Marine has announced that it has secured a total S$156m ($113.5m) worth of contracts from its shipbuilding, shiprepair &…
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