Shipyards
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China Merchants, CIMC and AVIC plot offshore shipyard merger
China Merchants Group has moved forward with the consolidation of offshore yard assets with China International Marine Containers (CIMC) and…
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Kmarin to order eight VLOCs at Chinese yards for Vale charters
South Korean owner Kmarin has entered into letters of intent with two Chinese yards for the construction of eight VLOCs.…
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Nissen Kaiun takes 10 of Tsuneishi’s new handymaxes
Clarkson Research has identified Nissen Kaiun as the mystery owner to have ordered ten 42,000 dwt log-fitted handymax bulkers, split…
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Cosco-led consortium and LR collaborate on 220,000 cu m LNG carrier design
A consortium of Chinese companies led by Cosco and classification society Lloyd’s Register have signed a memorandum of agreement to jointly…
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Worker dies in New Times Shipbuilding accident
A worker died after falling from a scaffold at China’s New Times Shipbuilding yesterday. According to New Times, the incident…
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Former CSIC general manager Sun Bo gets 12-year jail sentence
Shanghai Intermediate People’s Court has sentenced Sun Bo, former general manager of China Shipbuilding Industry Corporation (CSIC), to prison for…
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Office of Sembcorp Marine subsidiary raided by Brazilian authorities
Brazilian authorities have executed a search warrant at Sembcorp Marine’s Estaleiro Jurong Aracruz (EJA) in Brazil as part of Operation…
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Q2 ship orders lowest this decade
The remarkably turbulent confluence of jittery shipping markets, tense geopolitics, encroaching environmental regulations and a slowing global economy saw recorded…
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Global Energy Ventures to order up to eight CNG carriers at CIMC Raffles
Australian compressed natural gas (CNG) company Global Energy Ventures (GEV) has signed a letter of intent with Chinese shipyard CIMC…
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Sinokor orders up to four aframaxes at Samsung
South Korean owner Sinokor has placed an order at domestic yard Samsung Heavy Industries for the construction of up to…
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CSSC and CSIC confirm plans to merge
China’s two state-run shipbuilding conglomerates – China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC)- have officially confirmed…
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Hyundai Heavy seeks anti-trust approval for its DSME takeover
Amid massive Asian shipbuilding consolidation, South Korea’s Hyundai Heavy Industries (HHI) has started the lengthy process of getting anti-trust regulators…
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Administrators list Zhejiang Ouhua Shipbuilding assets for auction
The administrators of bankrupt Chinese yard Zhejiang Ouhua Shipbuilding have listed the yard’s assets for sale via online auction scheduled…
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CSIC secures $2.08bn worth of new contracts
China Shipbuilding Industry Corporation (CSIC) has held a grand signing ceremony today for RMB14.3bn ($2.08bn) worth of new deals including…
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Bahri commits to new Saudi yard with VLCC order
Saudi Arabia will soon be able to build VLCCs on home soil. Saudi owner Bahri has signed an MOU with…
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Saudi Aramco and Hyundai Heavy firm ties
On a visit to South Korea today, top management at Saudi Aramco has firmed up ties with Hyundai Heavy Industries…
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CSSC pays Klaveness $875,000 to settle ship quality dispute
China State Shipbuilding Corporation (CSSC) has settled a dispute with Norwegian owner Torvald Klaveness relating to deficiencies on a bulker built…
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Sembcorp Marine secures $1.5bn loan facility from parent
Singapore’s Sembcorp Marine has been awarded a five-year S$2bn ($1.5bn) subordinated loan from its controlling shareholder, Sembcorp Industries. Sembcorp Industries…
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Hyundai Mipo sets peacetime shipbuilding record with KMTC deliveries
Hyundai Mipo Dockyard in Ulsan has got series shipbuilding down to a fine art, reportedly setting a world record for…
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Bunge signs up to the Ship Recycling Transparency Initiative
Bunge, a giant agribusiness shipper, has become the first in its industry to join the Ship Recycling Transparency Initiative (SRTI),…
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