Shipyards
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DSME close to sealing Iranian jack-ups
Daewoo Shipbuilding & Marine Engineering (DSME) has revealed it is close to sealing an order from Iran for jack-up rigs.…
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Korean yard workers threaten action over mass layoff plans
Unions at two of South Korea’s largest shipyards have warned they will take militant action if job cuts proceed as…
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Precious Shipping amends Sanfu newbuild contracts
Precious Shipping has announced that it has executed four settlement agreements and one amending agreement with Chinese yard Taizhou Sanfu…
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Sainty Marine looks to raise $4.2bn for restructuring
Bankrupt shipyard Sainty Marine has announced that it plans to issue 2.3bn new shares to raise RMB21bn ($3.2bn) for the…
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Samsung Heavy dealt another blow as Shell cans triple FLNG order
Samsung Heavy Industries has suffered another huge blow to its dwindling orderbook with Royal Dutch Shell cancelling plans for three…
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Shanhaiguan Shipbuilding to complete unfinished STX Dalian valemax
CSIC-affiliated Shanhaiguan Shipbuilding Industry has secured a contract to complete an unfinished valemax from bankrupt STX Dalian. South Korea owner…
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Hyundai Heavy Industries executives face the chopping block
Hyundai Heavy Industries (HHI) plans to lay off a quarter of its senior executives, equivalent to around 60 senior employees, before the end…
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Shipping: The business of an industry
In the first of a two-part special for Splash, Paul Slater looks at how shipping has changed in the 21st…
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Ulsan chosen to print ships
How soon till a ship comes hot off the press? Ulsan, the Korean industrial city where Hyundai Heavy Industries is…
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D’Amico refuses first supramax delivery from Yangfan
The last supramax bulk carrier built by China’s Yangfan and renamed has been sold to Korea Line because d’Amico Società…
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Keppel suspends work on Sete Brasil rigs
Singapore shipbuilder Keppel Corporation has suspended work on rig ordered by Sete Brasil, after the Brazilian company’s shareholders approved a…
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Seoul wades into shipping restructuring
The South Korean government will come to the rescue of the nation’s hard pressed shipping lines and shipbuilders. With many…
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Second Sainty Marine auction fails
The second auction for the entire assets of bankrupt Chinese shipbuilder Sainty Marine has failed today due to there being…
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Ektank orders four tankers at CSSC Chengxi Shipyard
Swedish owner Ektank has signed shipbuilding contracts with CSSC Chengxi Shipyard for the construction of four 18,600dwt chemical tankers. The…
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Sembcorp Marine commences arbitration against bankrupt Sete Brazil
Sembcorp Marine has announced that it has commenced arbitration proceeding against various subsidiaries of Sete Brasil for disputes in seven…
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Aegean Shipping in for up to eight aframaxes
Cosco (Zhoushan) Shipyard has won an order for up to eight aframax tankers – including four options – from Greece’s…
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Hyundai Heavy Industries to cut workforce again and close 20% of the group
Hyundai Heavy Industries is expected to cut its workforce again by around 10% as it restructures after suffering heavy losses incurred…
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Sainty Marine fined for stock market irregularities
Bankrupt Chinese shipbuilder Sainty Marine has announced that the China Securities Regulatory Commission has fined the company for several irregularities…
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Transocean delays drillships at Jurong Shipyard
Transocean has announced that it has reached an agreement with Sembcorp Marine’s subsidiary, Jurong Shipyard, to delay the delivery and…
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Bohai Shipbuilding Industry to build China’s first offshore nuclear platform
China Shipbuilding Industry Corporation (CSIC) has confirmed that it will construct the first offshore nuclear platform at its affiliate yard…
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