Shipyards
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GSI unveils new name and scope
Guangzhou: Shanghai and Hong Kong dual listed Guangzhou Shipyard International (GSI) is to change the company’s name to CSSC Offshore…
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Shanghai Bestway secures offshore construction platform contract
Shanghai: Shanghai Bestway Marine Engineering Design has announced that it has signed an EPC contract with CCCC Second Harbor Engineering…
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Rongsheng resumes trading, ends day 4 percent down
Hong Kong: Investors ultimately reacted coolly to Chinese shipyard Rongsheng’s resumption of stock trading today, its share price finishing the…
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Aker Philadelphia Shipyard completes product tanker financing for Crowley jv
Oslo: Aker Philadelphia Shipyard has finalised a secured term loan of up to $60m from PIDC Regional Centre, an investment partnership…
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Sebi initiates insider trading probe on Pipavav Defence stock
Mumbai: The stock of shipbuilder Pipavav Defence & Offshore Engineering Co Ltd slipped as much as 4.5% in early trades…
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Damen Yichang Shipyard targets new markets with expanded portfolio
Shanghai: Damen Yichang Shipyard, the joint venture between Damen Shipyards Group and Sinotrans CSC, is rolling out an increased portfolio…
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JES boss steps down, hands reins to his daughter
Singapore: Singapore-listed Chinese shipyard JES International has announced a succession plan. Founder Jin Xin has stepped down as chairman and…
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E.R. Offshore says Vard statement regarding cancellations misleading
Hamburg: E.R. Offshore has hit back at what it calls a “misleading” statement by shipbuilder Vard, leading many to believe…
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Rongsheng offloads shipbuilding assets
Dalian: As reported by Splash last week Rongsheng Heavy Industries waited until Monday evening to announce it has signed a…
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Sekwang Shipbuilding rehabilitated, looking for chemical tanker orders
Seoul: Under new ownership a bust Korean shipyard is looking to get back into shipbuilding, likely to the chagrin of…
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STX Dalian quits restructuring and goes into liquidation
Dalian: STX Dalian, the subsidiary shipyard of Korea’s STX Offshore & Shipbuilding, has said that the courts have terminated the…
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Sainty Marine wins support from LMAA in dispute with Greek owners
Shanghai: Sainty Marine has announced that London Maritime Arbitrators Association (LMAA) has ruled six Greek single-vessel shipowners to pay $30m…
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Waigaoqiao offloads shares in Jiangnan Changxing to drive diversification
Shanghai: China’s state run shipbuilding giant China State Shipbuilding Corporation (CSSC) is integrating its shipbuilding assets in Shanghai by adjusting…
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Rongsheng Heavy Industries changes name, issues new shares
Shanghai: Rongsheng Heavy Industries, currently planning a major restructuring deal, has passed two resolutions at a shareholder’s meeting on Friday.…
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Japanese builders working on liquid nitrogen carriers
Tokyo: Japan Inc has set the wheels in motion for a future energy mix involving hydrogen and to this end…
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Rongsheng deal likely next week
Dalian: Rongsheng Heavy Industries, once the largest private shipbuilder in China, now on the verge of bankruptcy, has found salvation.…
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Rongsheng founder blames shipyard’s failure on rapid expansion and government policy
Shanghai: Founder and former chairman of Jiangsu Rongsheng Heavy Industries Group, Zhang Zhirong, has said the shipyard’s failure is down…
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Aker Philadelphia Shipyard – Crowley product tanker jv secures $325m funding
Oslo: Oslo Børs listed Aker Philadelphia Shipyard has said its jv with Crowley has closed a $325m senior secured term loan…
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Rongsheng announces ‘substantial disposal’, suspends trading of shares
Hong Kong: Bust shipbuilder China Rongsheng Heavy Industries Group Holdings suspended trading of its shares this morning on the Hong…
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Zhongchang Marine cancels JES order
Shanghai: Zhongchang Marine has announced that the company and Minsheng Financial Leasing have together cancelled one of the two 47,500dwt…
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