Shipyards
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Keel laying for world’s largest icebreaker
St Petersburg: Russian shipbuilding took a bold new step forward yesterday with the keel laying at Baltic Shipyard of the…
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Tsuneishi invests in Indonesia
Tokyo: Japanese shipbuilder Tsuneishi Holdings plans to invest $40m to run a shiprepair business in Indonesia, and will subsequently consider…
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JES proposed restructuring rejected by court
Shanghai: Singapore-listed Chinese shipyard JES International Holdings has announced that its application for a restructuring has been rejected by Taizhou…
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Another court loss for Sainty Marine
Shanghai: Financially troubled shipbuilding group Sainty Marine has announced that it has received a ruling from Hubei Supreme People’s Court,…
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Shanghai Shipyard secures two survey vessels
Shanghai: China State Shipbuilding Corporation (CSSC) has announced that its affiliate shipyard Shanghai Shipyard has won bids to build two…
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Rig fire at Harland and Wolff, 1,000 workers evacuated
Belfast: Around 1,000 workers were evacuated from a rig at Harland and Wolff shipyard in Belfast yesterday afternoon when a…
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Shipyard blast in Jiangsu, one dead and two injured
Shanghai: An explosion occurred at Mingyang Shipyard in Lianyungang, Jiangsu yesterday afternoon, causing the death of one worker dead and…
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Titan Quanzhou Shipyard gets 11 offshore orders
Guangzhou: Hong Kong-listed Titan Petrochemicals has announced it has entered into a framework agreement with Singapore-listed Falcon Energy Group (FEG)…
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More Sainty Marine bank accounts frozen
Shanghai: Financially troubled Sainty Marine has announced that it has lowered its total overdue loan debt to RMB585.8m ($94.4m) after…
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Bergen Group completes sale of rig yard
Oslo: Bergen Group has now come to an agreement with Semco Maritime for the sale of its rig service activity,…
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Edelweiss ARC appeals Bombay High Court ruling on Bharati Shipyard
Mumbai: Worried that its attempts to recovery money from cash-strapped Bharati Shipyard may be jeopardised, Edelweiss Asset Reconstruction Company (ARC)…
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Accident at Hantong shipyard, one dead
Shanghai: A worker at Hantong WING Heavy Industry, a subsidiary yard of Nantong Hantong Ship Heavy Industry, was ran over…
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Rolls-Royce Marine makes 600 redundant
Athens: Rolls-Royce is to lay off 600 employees from its marine division “in response to challenging market conditions” and the…
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‘Bad loan’ tag increases pressure on ABG Shipyard
Mumbai: India’s largest private sector shipbuilder, ABG Shipyard, has missed loan repayments to some lender banks, which have classified the…
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More of Sainty Marine’s assets frozen
Shanghai: Financially troubled Sainty Marine has announced that the shipyard’s total overdue bank loans has now reached RMB421.7m ($67.9m), up…
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More trouble for Sainty Marine after it loses court case
Shanghai: Following a series of financial and operating troubles, including the freezing of assets and vessel cancellations, Sainty Marine has…
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DSIC tipped to get STX Dalian at a knockdown price
Dalian: Dalian Intermediate Court held the first auction of the bankrupt STX Dalian yesterday, however the auction fell through due…
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Vard implements cost cutting as it struggles with lack of orders and foreign exchange losses
Singapore: Offshore shipbuilder Vard has released its quarterly results today, which were most notable for the company’s announcement that it…
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Four boxships cancelled at Sainty Marine
Shanghai: Sainty Marine has announced that it has reached an agreement with Dutch ship investment firm, Universal Marine, for the…
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Zhejiang Zhenghe Shipbuilding applies for restructuring
Shanghai: Zhoushan-based Zhejiang Zhenghe Shipbuiding, the subsidiary shipyard of Qingdao Zhenghe Shipping, has announced that it has applied with a…
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