Shipyards
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MEO Australia teams up with Malaysian shipyard
Melbourne: MEO Australia and Malaysian based Brooke Dockyard & Engineering Work Corporation have signed an agreement to form a consortium…
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USC takes over Zvezda yard
Moscow: United Shipbuilding Corporation has taken on 53.5122% of the voting shares of the long planned Zvezda shipbuilding complex in…
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Cosco Shipyard secures research vessel order
Shanghai: Singapore-listed Cosco Corporation has announced that Cosco Guangdong Shipyard has entered into a contract valued over RMB129m ($20.78m) from…
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Malaysia Marine and Heavy Engineering secures four contracts worth $86m
Kuala Lumpur: Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) has announced that subsidiary, Malaysia Marine and Heavy Engineering (MMHE),…
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Authorities investigate Bengbu Shenzhou Machinery fire which killed two workers
Shanghai: Local authorities have started investigations into a fire incident on Thursday at Bengbu Shenzhou Machinery which resulted in the…
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China completes anti-corruption probe at state-owned shipyards and carriers
Athens: China Shipbuilding Industry Corporation (CSIC) and China Ocean Shipping Company (Cosco) are among the latest state-owned companies to be…
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ABG Shipyard discussing selling a stake to Privinvest
Mumbai: The backers of financially troubled ABG Shipyard may sell a stake to Privinvest Holding, a filing to the Bombay Stock…
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Parent group to aid Sainty Marine
Shanghai: Financially troubled Sainty Marine has announced that its parent Jiangsu Sainty International Group has proposed to offer RMB200m ($32.22m)…
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CMA CGM in for six boxships at Hyundai Heavy
Seoul: Hyundai Heavy Industries (HHI) has won an order from France’s CMA CGM to build six 14,000 teu ships for…
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ST Marine corruption scandal snares another official
Singapore: Singapore Technologies Engineering (ST Engineering) has announced today that Patrick Lee, the former group financial controller of ST Marine,…
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More cancellations for Sainty Marine
Shanghai: Debt-ridden shipyard Sainty Marine has announced that it is facing the risk of not being able to deliver another…
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Hyundai Mipo taps bonds market for first time since 2001
Seoul: For the first time in 14 years South Korea’s Hyundai Mipo Dockyard is tapping the bonds market to raise…
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Chinese yards hit by weakening yen
Seoul: A Korean analyst for J P Morgan has suggested that the weakening yen puts Chinese shipyards at even greater…
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Vard scores Kreuz Subsea contract
Singapore: Norwegian offshore shipbuilder Vard has secured a contract for the design and construction of a diving support and construction…
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Dae Sun wins boxship order
Seoul: Dae Sun Shipbuilding & Engineering has won an order for an 1,800 teu ship from Dongjin Shipping. Dae Sun…
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Mingde Heavy president’s equity auctioned
Shanghai: Sainty Marine announced that one of its guarantees of creditor’s rights to Mingde Heavy Industry has been compulsively auctioned…
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TSC Group sets up joint venture with Huangpu Wenchong Shipyard
Guangzhou: Hong Kong-listed TSC Group, a service provider serving both onshore and offshore drilling sectors, has signed an agreement with…
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Teekay’s three shuttle tankers to be built at Samsung
Athens: South Korea’s Samsung Heavy Industries is to build the three shuttle tankers ordered by Teekay Offshore Partners earlier this week.…
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Second auction of STX Dalian falls through
Dalian: Dalian Intermediate Court held an auction for two vessels at the bankrupt STX Dalian yesterday under the request of…
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Springfield to convert two more OBOs to VLCCs in Oman
Athens: Onassis-controlled Springfield Shipping is to convert two oil-bulk-ore (OBO) carriers to VLCCs at Oman Drydock Company (ODC), Oman. The Selma B (319,869…
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