Shipyards
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Nakilat eyes new acquisitions
Nakilat, the state-run Qatari LNG transport vehicle, has said it will “exploit future opportunities to acquire new business opportunities”, serving…
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DSME closes Canadian subsidiary
Struggling South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has closed its metal fabrication facility in Canada as part…
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Otto Marine wins newbuild contracts from Indonesia
Singapore-listed Otto Marine has announced that its offshore shipyard has branched out to secure three new shipbuilding contracts worth $23m…
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Huake Wuzhou Offshore orders two jack-ups at Bohai Shipbuilding
Tianjin-based Huake Wuzhou Offshore Engineering has signed contracts with CSIC-affiliated Bohai Shipbuilding Industry for the construction of two jack-up platforms.…
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Bankrupt Shandong Huahai’s last newbuilding auctioned off
A handysize bulk carrier still under construction at the now bankrupt Shandong Huahai Shipbuilding in China has been auctioned to…
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DSME can expect no more bailouts this year
A line has been drawn in the sand for one of the world’s top shipyards. The new boss of the…
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Investors sought to take over India’s largest private yard
Negotiations are underway to sell a majority stake in India’s largest private shipbuilder. A 51% stake is on offer at…
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STX yard salvation in doubt
The plan to spare STX Offshore & Shipbuilding the chop has hit a speedbump. The yard, once one of the…
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Court orders restructuring of Sainty Marine
Financially troubled shipyard Sainty Marine has announced that Nanjing Intermediate People’s Court has ruled to restructure the company. At the…
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Boa Offshore gets full refund from Nantong Mingde for cancelled PSVs
Norway’s Boa Offshore has received the remaining 50% refund of its advance payments made to the Nantong Mingde shipyard for…
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Success for Algoma in Mingde Heavy Industry arbitration
Canada’s Algoma Central Corporation has announced that a London arbitration tribunal hearing a contract dispute involving three shipbuilding contracts between…
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SPP in negotiations for up to 10 Indonesian MR tankers
South Korea’s SPP Shipbuilding is in negotiations for what could be a major turnaround order. The yard, which has had…
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Indian government to showcase maritime projects for foreign investors
For shipowners clinging on to whatever glimmer of hope is out there in the global economy, India is held by…
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MES takes control of tricky AHTS contract
Difficulties in building a quartet of anchor handling tug supply vessels has seen one of Japan’s major yards step in.…
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Shipbreaking NGOs blast ‘hypocritical’ Maersk
Campaigners NGO Shipbreaking Platform and Transport and Environment (T&E) have criticised the Maersk Group’s plans to demolish its old vessels…
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JES sells its shipbuilding business in distressed debt deal
JES International Holdings has sold its shipbuilding business to distressed debt investor Hong Kong Victo International Limited for a cash…
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Edison Chouest Offshore to locate TopShip shipyard in Gulfport
Galliano, Louisiana-based offshore energy service and supply company Edison Chouest Offshore (ECO) announced on Monday it will locate its latest…
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BOA Offshore gets 50% refund from shipyard after PSV cancellations
Norway’s BOA Offshore says it has received 50% of the principal amount of the advance payments from one of its…
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Local government helps Sinopacific Shipbuilding pay worker salaries
Over 100 employees from Sinopacific Shipbuilding’s Dayang Shipyard protested at a local district government office in Yangzhou to complain about…
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Shipowners still have not improved shipbreaking practice, says NGO
In spite of mounting pressure from governments and lobbyists, during 2015 shipowners continued to scrap vessels at shipbreaking yards known…
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