Shipyards
-
Vietnamese PM approves Damen’s majority stake in local yard
In a ruling with significant ramifications for foreign investors keen to buy into Vietnamese firms, prime minister Nguyen Tan Dung…
Read More » -
Mitsui Engineering and Shipbuilding moves into FPSO chartering
Japanese yard Mitsui Engineering and Shipbuilding (MES) has formed an FPSO chartering division. The yard acquired shares of Cernambi Norte…
Read More » -
Arson suspected as third fire in three weeks hits Mitsubishi yard
Investigators are looking at the possibility of arson at the Mitsubishi Heavy Industries’ (MHI) Nagasaki yard, following the third fire…
Read More » -
Jungerhans Maritime orders eight feeder boxships at Zhoushan Changhong
Zhoushan Changhong International Shipyard has signed shipbuilding contracts with German owner Jungerhans Maritime Services for the construction of four 1,000teu…
Read More » -
Stena Bulk passes on MR tanker options at CSSC Offshore & Marine Engineering
Swedish tanker owner Stena Bulk has decided not to execute options for two 50,000dwt MR tankers at CSSC Offshore &…
Read More » -
Rig cancellation consultancy launched
Taking advantage of the crisis in the offshore sector, Cary Moomjian, president of consultancy and expert witness services provider CAM…
Read More » -
GTT investigated by South Korea’s fair trade watchdog
GTT, the makers of the world’s dominant LNG containment system for ships, is facing an investigation in South Korea. Seoul’s…
Read More » -
Sembcorp Marine faces $443m black hole
Singapore yard Sembcorp Marine’s faces a S$633m ($443m) black hole from potential rig value write-downs, according to a report by…
Read More » -
Fincantieri signs deals to boost Iranian yards
In the presence of the Italian prime minister Matteo Renzi and the president of Iran Hassan Rouhani – on an…
Read More » -
Weihai Samjin completes restructuring and resumes operations
Weihai Samjin Shipbuilding officially resumed operations yesterday following the completion of a 16-month restructuring process. The former Korean-invested shipyard went…
Read More » -
Saudi Aramco, Bahri, HHI and Lamprell to develop shipyard complex
Hyundai Heavy Industries (HHI) and Lamprell Energy have joined the joint venture developing a proposed shipbuilding and maintenance complex in…
Read More » -
Korea Eximbank cuts export financing for first time in 40 years
The Export-Import Bank of Korea (Korea Eximbank) will cut export financing in 2016 for the first time in 40 years.…
Read More » -
Gulf Drilling International renews options for more jack-up rigs from Keppel
Gulf Drilling International (GDI) has renewed options for two more KFELS B-Class jack-up drilling rigs from Keppel FELS for delivery in…
Read More » -
Creditors agree to hand $109m to Hanjin Heavy
Hanjin Heavy Industries & Construction has received an emergency financial injection from creditors worth KRW130bn ($109m). Creditors, led by state-run…
Read More » -
Visentini orders roros at AVIC Weihai
Giovanni Visentini Trasporti Fluviomarittimi of Italy has just reached an agreement with the Chinese shipbuilder Avic Weihai to build one…
Read More » -
Keppel Offshore & Marine reduces headcount by almost 14,000
Singapore’s Keppel Offshore & Marine said that during 2015 it reduced its direct staff and subcontracted workforce by around 13,900…
Read More » -
Oil rout forces Hyundai Heavy to close offshore yard
South Korea’s Hyundai Heavy Industries (HHI) is suspending work at its dedicated offshore yard in Onsan, a district of Ulsan,…
Read More » -
Sete Brasil’s woes hurt Keppel
Sete Brasil’s financial crisis, linked to the broader corruption scandal enveloping state oil firm Petrobras, has reverberated as far as…
Read More » -
SPP takeover details revealed
Details of the planned takeover of part of SPP Shipbuilding have been revealed. Speaking with Korean newswire Yonhap, Woo Oe-Hyun,…
Read More » -
CANSI calls for financing as yard utilisation drops below 70%
China Association of National Shipbuilding Industry (CANSI) held a conference yesterday to discuss the current situation of the domestic shipbuilding…
Read More »