Shipyards
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Heads of CSSC and CSIC meet as merger speculation heats up
Merger speculation between China’s two top state-run shipbuilders, China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC), is heating…
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Maran Tankers exercises another suezmax option at Daehan
Maran Tankers, a unit of Greece’s Angelicoussis Shipping Group, has exercised the second of the two options at South Korean…
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Amoretti Armatori orders chemical tanker pair at Xinle Shipbuilding
Italian tanker owner Amoretti Armatori Group, controlled by the Amoretti family, has signed newbuilding contracts with Ningbo Xinle Shipbuilding for…
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UECC orders up to four PCTCs at Jiangnan Shipyard
Norwegian car carrier operator UECC has signed shipbuilding contracts with CSSC-affiliated Jiangnan Shipyard for the construction of up to four…
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Cosco Dalian Shipyard terminates Dalian Inteh LNG carrier
Cosco Shipping Heavy Industry’s Dalian shipyard has terminated a newbuilding contract with Dalian Inteh Group for a 28,000 cu m…
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Zhejiang Satellite Petrochemical moves into shipowning with orders for six VLECs
Chinese company Zhejiang Satellite Petrochemical has officially signed shipbuilding contracts with South Korean yards Hyundai Heavy Industries and Samsung Heavy…
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Awilco Drilling appoints new CEO, exercises semi-sub option at Keppel
Norway’s Awilco Drilling has appointed Jens Berge as its new CEO, replacing Jon Oliver Bryce who is leaving after nine…
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Rongsheng Heavy asset sale completed
Huarong Energy, formerly Rongsheng Heavy Industries, has announced that it has completed the sale of its shipbuilding assets. Last October,…
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Hyundai Heavy clinches official agreement with KDB for DSME takeover
South Korean shipbuilding major Hyundai Heavy Industries (HHI) has signed an official contract with Korea Development Bank (KDB) today for…
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Waigaoqiao Shipbuilding launches new offshore yard
Shanghai Waigaoqiao Shipbuilding, a flagship yard of China State Shipbuilding Corporation, officially launched a new offshore unit in Qidong, Jiangsu…
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Hyundai Heavy set to sign official deal with KDB for DSME takeover
South Korean shipbuilding major Hyundai Heavy Industries (HHI) is set to sign an official contract with Korea Development Bank (KDB)…
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Hanjin Heavy creditors agree on debt-to-equity swap deal
South Korea’s state-owned policy bank Korea Development Bank (KDB) has announced that creditors of the financially troubled Hanjin Heavy Industries…
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Ship recycling transparency gains traction
The first report of the Ship Recycling Transparency Initiative (SRTI) was launched at TradeWinds’ Ship Recycling Forum 2019 in Hong…
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China Ocean Industry disposes of interest in leasing JV to repay debt
Chinese shipbuilding group China Ocean Industry has announced that it has entered into an agreement to sell its entire 20%…
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JMU contracted to build revolutionary bunker tanker
Japan Marine United (JMU) has won a unique order from Eco Bunker Shipping to build Asia’s first bunkering tanker capable…
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Stolt-Nielsen books up to six LNG bunkering vessels at CIMC Sinopacific Offshore
Stolt-Nielsen Gas, the small scale LNG vessel unit of Stolt-Nielsen Group, has placed an order at China’s CIMC Sinopacific Offshore…
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ABG Shipyard moves a step closer to liquidation
One of the most famous names in Indian shipbuilding has moved a step closer to liquidation. ABG Shipyard’s committee of…
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LNG orderbook at an all-time high
The LNG orderbook now stands at an all-time high, according to data from Cleaves Securities. The orders have been flying…
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Angelicoussis signs for more Korean gas carriers and a suezmax
Maran Gas Maritime, a unit of Greece’s Angelicoussis Shipping Group, is back at its favoured yard, Daewoo Shipbuilding & Marine…
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Protests grow against Korea’s mega yard merger
Hyundai Heavy Industries’ (HHI) plan to take over Daewoo Shipbuilding & Marine Engineering (DSME) is hitting a bump with strong…
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