Shipyards
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KS Drilling delays delivery of jack-up rig from Cosco Nantong
Singapore: KS Drilling and Cosco have come to an agreement to delay the delivery of a jack-up rig until April…
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ShinaSB under the hammer again
Seoul: ShinaSB, a well known chemical tanker builder in Korea, is set for a second round of auctioning following the…
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Sainty Marine thrown out from restructuring of Mingde Heavy Industry
Shanghai: Debt-ridden shipbuilder Sainty Marine has been thrown out from the restructuring of Nantong Mingde Heavy Industry due to its…
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AP Networks: Making drydocking more predictable
Bethesda: For shipowners drydocking remains an obscure art – one where total costs are rarely known until long after the…
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CSBC inks two boxships for TS Lines
Taipei: Taiwanese shipyard CBSC Corporation has received an order from local owner TS Lines to build two 1,800 teu containerships,…
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Mingde Heavy Industry receiver fails to submit restructuring plan
Shanghai: Debt-ridden shipbuilder Sainty Marine, which is currently restructuring the bankrupt Nantong Mingde Heavy Industry (Mingde) as the largest creditor,…
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Triyards wins twin liftboat order worth $175m
Singapore: Triyards Holdings has won a $175m order for two enhanced BH450 series liftboats. The two new orders are the…
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Bergen Group CEO resigns
Oslo: Norway’s Bergen Group has announced the resignation of the company’s CEO, Asle Solheim. Bergen has already begun the process of…
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Sainty Marine repays $3.69m overdue loan
Shanghai: Debt-ridden shipyard Sainty Marine has announced that it has paid back a RMB22.9m ($3.69m) overdue loan in total to…
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JES International companies sue former administrative officer
Athens: Four China-based subsidiary companies of JES International Holdings intend to sue Ju Li Li, a former administrative officer of…
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Axis Offshore delays Cosco accommodation rig
Oslo: Oslo-listed Axis Offshore has come to an agreement with Cosco Qidong shipyard to delay the delivery of the harsh…
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Rongsheng restructuring deal delayed
Hong Kong: Huarong Energy, formerly Rongsheng Heavy Industries, has announced that a formal sale and purchase agreement for the shipbuilding…
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Former CSIC senior official joins Yangzijiang
Dalian: Zhang Tao, former vice general manager of state run shipbuilding giant China Shipbuilding Industry Corporation (CSIC), has resigned from…
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Former ST Marine financial controller avoids jail sentence
Singapore: Patrick Lee, the former group financial controller of Singapore Technologies Marine, has been fined for his role in falsifying…
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Shell orders three FLNG units from Samsung in $4.7bn deal
Athens: Shell Gas & Power Developments has ordered three floating LNG units (FLNG) from South Korea’s Samsung Heavy Industries in a…
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Havyard awarded subsea newbuild contract
Oslo: Havyard has announced that is has signed a new contract with an international shipping company for the design and…
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Two more charged in ST Marine corruption scandal
Singapore: Two former employees of Singapore Technologies Marine have been charged and will appear in court today according to Singapore’s…
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Sainty Marine and SE Shipping head to arbitration over MPV newbuild cancellation
Shanghai: Financially troubled shipyard Sainty Marine has announced that it has entered into arbitration with Singapore-based owner SE Shipping over…
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TSC orders two jack-up rigs at CSSC Huangpu Wenchong
Guangzhou: Hong Kong-listed TSC Group has announced that its wholly owned subsidiary, Alliance Offshore Drilling, has entered into contracts with…
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Third auction of STX Dalian falls through
Dalian: The third auction of bankrupt shipyard STX Dalian and its subsidiaries held by Dalian Intermediate People’s Court fell through…
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