Shipyards
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Fred Olsen Energy cancels disputed HHI rig contract
In an ongoing spat between Fred. Olsen Energy and Korean mega yard Hyundai Heavy Industries (HHI), a rig contract has…
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SPP employees warn yard could close from lack of orders
SPP Shipbuilding, one of the world’s leading builders of MR tankers, could close by the end of next year unless…
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Banco do Brasil expects debt deal before year’s end with Sete Brasil
Banco do Brasil’s CEO said on Monday the state-led bank expects to come to terms with Sete Brasil by year’s…
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DSME’s union bows to its creditors’ demands
Daewoo Shipbuilding & Marine Engineering (DSME) could be about to get extra funds from its creditors after the shipyard’s union…
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Indian yard looks to offload bulker
Following the failure by Chennai-based Goodearth Maritime Limited to pay installments on time, Hindustan Shipyard Limited has started negotiations with…
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Court auctions Zhejiang Hangchang Shipbuilding tanker
Ningbo Maritime Court has announced that it will auction a chemical tanker, , at the request of the creditors of…
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Sainty Marine sued by fishing vessel owner over collision damage
Sainty Marine has announced that the private shipowner of a fishing vessel has filed a lawsuit against the company in…
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Korea Inc comes in to provide refund guarantees for DSME
At the behest of South Korea’s deputy prime minister a number of the nation’s top financial institutions have come together…
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Delta Marine orders renewables service vessel with new design from Damen
Damen Shipyards is to construct a renewables service vessel to a brand-new design for offshore wind service provider Delta Marine.…
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Navig8 Chemical orders four chemships at STX
Navig8 Chemical Tankers has ordered four 49,000-dwt IMO II chemical tankers from STX Offshore & Shipbuilding in South Korea. Six…
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Jiangsu authority shuts down 23 shipbuilding projects to curb overcapacity
The Jiangsu division of China’s National Development and Report Commission has released a notice that it has shut down 23…
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Daehan Shipbuilding exits rehab
Korean shipyard Daehan Shipbuilding has exited rehabilitation after just over one year. A court in Seoul yesterday decided the yard…
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American shipyards hit out at critics of the Jones Act
American shipyards yesterday issued a fierce rebuttal of repeated links between the Jones Act and the sinking of the 40-year-old…
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Triyards clinches $100m in new orders
Singapore-listed Triyards has announced that it has received $100m worth of new orders including three chemical tankers, two high speed…
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Crane collapses at Longshan Shipyard, one worker dead and one missing
A crane has collapsed early morning on Saturday during repair work at Longshan Shipyard, a ship repair yard in Zhoushan.…
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ZPMC to take legal action against Petrofac over $1bn contract termination
China’s Shanghai Zhenhua Heavy Industries (ZPMC) has announced that it will take legal measures against Petrofac following the $1bn cancellation…
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Nantong Dongxin Shipbuilding to be liquidated
A local court in Nantong has ruled to liquidate the assets of Nantong Dongxin Shipbuilding, at the request of a…
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Louisiana shipyard fined for retaliation against employee who brought discrimination case
A Louisiana shipyard will have to pay an undisclosed civil penalty fine and $15,000 in back pay to an employee…
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Yangzijiang enters products sector with Bangladeshi order
While other Chinese shipyards are struggling to get orders, the nation’s top private shipbuilder continues to net new intakes. Yangzijiang…
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Lomar back at Wenchong for more boxships
Guangzhou Wenchong Shipyard, part of state-run shipbuilding group CSSC, has won an order to build a pair of 2,700 teu…
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