Shipyards
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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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Keppel Offshore and Marine cuts another 2,800 workers
Singapore’s Keppel Offshore & Marine provided a dampener to festivities during Singapore Maritime Week with the revelation that the company…
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Hanjin Heavy to cease commercial ship construction in Busan
South Korea’s oldest shipyard is to stop building commercial vessels, local shipbuilding news site Asiasis reports. As a part of…
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Petronas to delay delivery of Samsung Heavy FLNG
South Korean shipbuilder Samsung Heavy Industries (SHI) is bracing itself for another big offshore contract to be delayed. The head…
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Zhejiang Shipbuilding goes bankrupt
Zhejiang Shipbuilding, a subsidiary yard of Sinopacific Shipbuilding, has been declared bankruptcy by a local court. Zhejiang Shipbuilding is currently…
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First round of Sainty Marine auction fails
The first auction of the entire assets of bankrupt shipyard Sainty Marine has failed due to there being no bidders.…
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Jinhai Heavy Industry: ‘Chinese yards lack efficiency’
Amid the doldrums in the shipbuilding industry, Chinese yards are struggling to survive. Jinhai Heavy Industry (JHI), an affiliate shipyard…
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South Korea’s oldest shipyard mulls relocating
South Korea’s oldest existing shipyard might relocate from its central Busan location. Founded in 1937, Hanjin Heavy Industries & Construction’s…
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DSME takes Angelicoussis suezmaxes from Mangalia
Daewoo Shipbuilding & Marine Engineering (DSME) is pulling the plug on its Romanian subsidiary. The South Korean yard, under pressure…
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Narendra Modi promises to restore India’s ‘position of eminence in the global maritime sector’
Opening the Maritime India Summit today in Mumbai, prime minister Narendra Modi promised to restore India’s “position of eminence in…
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Cosco Dalian and DACKS in merger talks
Dalian, already home to one of the world’s largest shipyards, could have another giant name in global shipbuilding soon. Amid…
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Noryards BMV bankrupt
Another Norwegian yard has declared itself bankrupt. 96 employees have lost jobs following the news Bergen-based Noryards BMV has folded,…
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SPP Shipbuilding sells cancelled AHTS to Sevnor
Korea’s SPP Shipbuilding has sold an AHTS vessel, which was cancelled by a shipowner last year, to offshore and special…
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Bangladesh court orders shipbreakers to explain poor safety and environmental management
The president of the Bangladesh Shipbreakers’ Association (BSBA) and 14 other government officials have been issued with a contempt rule by…
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Sainty Marine goes into arbitration with Precious over another cancellation
Sainty Marine has announced that it has gone into arbitration with Thai owner Precious Shipping over the cancellation of one…
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Yangzhou Huanqiu Shipbuilding declared bankrupt
Huanqiu Shipbuilding, a major shipyard in based in Yangzhou, Jiangsu, has been declared bankrupt by the local court. Jiangsu Bangtuo…
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Nam Cheong and Perdana Petroleum settle cancellation dispute
Malaysia’s Nam Cheong and compatriot company Perdana Petroleum have settled their dispute over a cancelled contract for an accommodation work…
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