Shipyards
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Two dead after bulker catches fire at CSSC Chengxi Shipyard
A 64,000dwt bulk carrier under construction at CSSC Chengxi Shipyard caught fire yesterday, leading to the death of two shipyard…
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SPP takeover in doubt
The planned takeover of part of SPP Shipbuilding by fellow Korean firm Samla Midas Group (SM Group) has run into…
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Yangzijiang hands Rongsheng a lifeline
Shipowners desperate to see sizeable Chinese yard space shuttered to help the supply/demand equilibrium will be disappointed with news from…
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GulfMark reaches settlement with BAE Systems
NYSE-listed GulfMark Offshore has announced that it has reached a settlement with a US shipyard, which is believed to be…
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Uljanik wins Cobelfret roro pair
Croatian shipbuilder Uljanik has signed a contract with Luxembourg-based company Cobelfret for the construction of two roro vessels. The delivery…
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Kawasaki Heavy teams with Shell to develop hydrogen carriers
Kawasaki Heavy Industries (KHI) will partner with Royal Dutch Shell to develop technologies to ship hydrogen, a project the Japanese…
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TAS Offshore hit with termination for AHTS pair
Malaysian offshore shipbuilding and repair specialist TAS Offshore has been given a notice of termination from QMS1 Offshore Services, part…
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BP tipped to refloat tender for Mad Dog 2 semi-submersible unit
BP is looking to retender its anchor production structure for its $10bn Mad Dog 2 field development in the US…
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DSME to issue new shares
Daewoo Shipbuilding & Marine Engineering (DSME) is planning to issue KRW600bn ($507m) in new shares this year in a bid…
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Jobs lost at Harland and Wolff shipyard in Belfast
Sixty jobs will be lost from Harland and Wolff Heavy Industries’ east Belfast shipyard in Northern Ireland due to a…
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Bangladesh slammed for ‘medieval’ shipbreaking conditions
Shipbreaking companies in Bangladesh have been slammed for the dire local working conditions, which continues to see many workplace deaths…
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Why newbuilding and scrap prices are key to understanding secondhand values
Dr Adam Kent from Maritime Strategies International joins the commercial dots. Anyone analysing secondhand vessel prices purely on the basis…
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Onassis tanker conversion underway in Oman
Oman Drydock Company will convert another Onassis ship. The Olympic Trophy is the fourth vessel sent by the Greek firm…
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DSME to let go of 12,000 staff
Financially struggling Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) will slash its workforce by 12,000 to 30,000 by 2019.…
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Unfinished STX Dalian valemax sells for just $16.8m
Bankrupt shipyard STX Dalian is still making efforts to sell its assets in order to repay debts. It has sold…
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Sembcorp Marine begins buyout of Gravifloat
Singapore’s Sembcorp Marine has raised its stake in Gravifloat to 56% by purchasing a 44% holding for $38m, and intends…
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Another protest at Dayang Shipbuilding as Sinopacific ceo resigns
Nearly a thousand workers of Dayang Shipbuilding, an affiliate shipyard of Sinopacific Shipbuilding, protested in front of the shipyard yesterday…
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Argentinian yard scam rumbled
Six top managers at Argentinian shipyard Astillero Río Santiago have been arrested accused of embezzling state funds. Investigators are looking…
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Huarong Energy raising funds to offset debts
Hong Kong-listed Huarong Energy, formerly Rongsheng Heavy Industries, has announced that it plans to issue 17.1bn new shares to creditors…
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Transocean delays five jackups at Keppel FELS until 2020
Offshore driller Transocean has reached a mutual agreement with Singapore’s Keppel Offshore & Marine to defer the delivery of five…
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