Shipyards
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Japanese ready to sell stake in Brazilian shipbuilder Ecovix
With uncertainty from the Petrobras corruption scandal reverberating through Brazil’s economy a group of Japanese shipbuilders is ready to cut…
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Marmaras Navigation says it will take disputed pair of Sungdong capes
A widely reported cape newbuilding sale from South Korea’s Sungdong Shipbuilding has failed, according to sources. The 180,000 dwt Maria…
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Korea’s big three yards brace for another tumultuous year
The heads of South Korea’s big three shipbuilders have delivered their New Year’s addresses, warning of another very difficult 12…
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Honghua Group scores rig contract from Kuwait Drilling Company
Hong Kong-listed rig manufacturer Honghua Group has announced that it has entered into an agreement with Kuwait Drilling Company (KDC)…
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Genting completes Lloyd Werft takeover
Genting Hong Kong has completed the buyout of German yard Lloyd Werft. The Malaysian gaming and cruise giant exercised a…
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Round two for Nantong Mingde Heavy Industry auction on Taobao
Nantong People’s Court has announced that it will hold the second online auction for bankrupt Nantong Mingde Heavy Industry via…
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TYM Group orders jack-up pair at China Merchants Industry
Singapore’s Thong Yong Marine Group (TYM Group) has signed contracts with China Merchants Industry for the construction of two jack-up…
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Creditor banks cut ties with ailing STX Offshore & Shipuilding
A number of creditor banks to South Korea’s STX Offshore & Shipbuilding have decided to stop supporting the yard, saying…
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Russian and Iranian shipyards sign agreement to build oil rigs
Iranian shipbuilder ISOICO and Russian yard Krasnye Barrikady have signed an agreement to jointly build rigs for oil and gas…
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Wuzhou Shipyard becomes first state-run shipyard to go bust
Zhoushan Intimidate People’s Court has announced that it has accepted an application from Zhejiang Shipping Group to liquidate its shipyard…
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Bank of China applies to liquidate Sainty Marine
Sainty Marine has announced that one of its creditors, a Nantong branch of Bank of China, has applied with Nanjing…
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Philly Shipyard secures $150m financing for product tanker quartet
Philly Shipyard, formerly Aker Philadelphia Shipyard, has secured a $150m loan facility from Caterpillar Financial Services Corporation to finance the…
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Triyards diversifies further with new oil barge contracts
Singapore’s Triyards has announced that it has secured contracts to build two oil barges worth $21.82m from new client CPC…
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Keppel Offshore & Marine scores four new contracts
Singapore’s Keppel Offshore & Marine has won four new contracts from repeat customers worth a total of around S$125m ($88.7m). Keppel…
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Abu Dhahi Ports and Gulf Marine Services team up on new offshore facility
Abu Dhahi Ports has signed a contract with Gulf Marine Services (GMS) that will see the creation of a new…
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New boss for Cochin Shipyard
India’s Cochin Shipyard will kick off 2016 with a new chairman and managing director, after appointing Madhu S Nair to…
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Creditors oppose financial aid for STX Offshore & Shipbuilding
Some creditors of financially troubled STX Offshore & Shipbuilding are opposing financial aid for the shipyard citing the gloomy outlook…
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CSSC Offshore & Marine Engineering leases Yangzhou shipyard to CSSC Chengxi
CSSC Offshore & Marine Engineering (COME) has announced that it has signed an agreement with sister firm CSSC Chengxi Shipyard…
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Gulf Island Fabrication to acquire LEEVAC Shipyards
Houston-based Gulf Island Fabrication has reached an asset purchase agreement with LEEVAC Shipyards top acquire all of LEEVAC’s assets for…
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Jasa Merin buys three chemical tankers from BHIC
Malaysia’s Jasa Merin has branched out into chemical tankers through the acquisition of three vessels from subsidiaries of Boustead Heavy…
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