Shipyards
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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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Hyundai Heavy submits self-rescue plan to its creditors
Hyundai Heavy Industries (HHI) has formalised its self-rescue plans and today submitted the scheme to its creditors, which are being…
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Russia seeks extradition of former shipyard boss
Moscow is in touch with authorities in the US, seeking the extradition of the former head of state-run shipyard, Far…
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DSME develops its own LNG containment system
Daewoo Shipbuilding & Marine Engineering (DSME) has finally developed its LNG containment system, potentially saving the Korean yard millions of…
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Vard lands 15 vessel order from Topaz Energy and Marine
Norwegian offshore shipbuilder Vard has secured a contract from Dubai-based Topaz Energy and Marine for the design and construction of…
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Hanjin Heavy agrees $1.71bn property sale and cash injection with creditors
South Korea’s Hanjin Heavy Industries has signed a memorandum of understanding (MOU) with its creditors to receive a KRW 120bn ($103m) cash…
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Travel ban issued to former DSME execs as fraud investigation hots up
Two former heads of Daewoo Shipbuilding & Marine Engineering (DSME) have been handed a travel ban, as investigators look into…
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Dae Sun wins chemical tanker order
Dae Sun Shipbuilding & Engineering from South Korea has won an order from compatriot owner HNCC for a 3,500 dwt…
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Giant Saudi yard to start operations in 2018
A giant new shipyard complex in Saudi Arabia will be fully operational by 2021. Amin Nasser, chief executive of Saudi…
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Hyundai Heavy readies to mothball drydocks
The world’s largest shipbuilder is readying plans to mothball drydocks as its orderbook dwindles and restructuring beckons. The unprecedented move…
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Debts at South Korea’s troubled big three yards doubled in five years
With South Korea’s big three shipbuilders expected to announce mass layoffs as early as this week, reports of the debts…
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Vard hit again as another customer goes bust
Norwegian shipbuilder Vard Holdings is assessing its options in regards to a diving support and construction vessel under construction at…
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The high-tech road to survival
Italian yards have to pursue niches amid intense competition from East Asia. In the last decade shipyards in Italy have…
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Pressure builds for ABG Shipyard
India’s largest private shipbuilder ABG Shipyard, which is in dire financial trouble, has failed to hook in a new investor.…
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Tsuneishi Zhoushan to enter cruise market
Japanese shipbuilder Tsuneishi Shipbuilding is planning to enter the luxury cruise construction market and will use its shipyard in Zhoushan…
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Court to auction shares of two major Sainty Marine shareholders
Sainty Marine has announced that Nanjing Intermediate People’s Court has ruled to auction all shares of the company’s two major…
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Zhong Chuan Heavy Industry declared bankrupt
Zhoushan Intermediate People’s Court has declared Zhong Chuan Heavy Industry Shipbuilding bankrupt, along with two affiliate companies Zhong Chuan Heavy…
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Lamprell extends contract with chairman and ceo while cutting 100 staff
UAE-based offshore engineering firm Lamprell has announced that John Kennedy and James Moffat have agreed to extend their respective roles…
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