Shipyards
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Hyundai Heavy to streamline operations by 20%
With shipowners across the globe putting ordering plans on hold due to the shaky economy and cloudy regulation outlook, the…
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China Ocean Industry settles dispute with debt for equity deal
Financially troubled shipbuilding group China Ocean Industry has announced that it has received of enforcement ruling from a court in…
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CSSC appoints new chairman
China State Shipbuilding Corporation (CSSC) has announced the appointment of Zhang Yingdai as its new chairman, replacing Lei Fanpei who…
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Shanghai Bestway secures major jackup rig order during restructuring
Shanghai Bestway Marine Engineering Design has announced that its subsidiary yard Dajin Heavy Industry has secured a newbuild order from…
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State-run player completes restructuring of Zhoushan Penglai Shipyard
State-run enterprise Ningbo Ningshing Group has completed the restructuring of bankrupt Zhoushan Penglai Shipyard and rebranded the yard as Ningshing…
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China Railway Construction orders crane vessel at ZPMC
China Railway Construction Corporation (CRCC) has placed an order at Shanghai Zhenhua Heavy Industries (ZPMC) for the construction of a…
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CSIC and CSSC shuffle top management
China’s two largest state-run shipbuilding conglomerates CSSC and CSIC are both shuffling their top management as part of their ongoing…
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Awilco Drilling terminates semi-submersible contract at Keppel FELS
Norway’s Awilco Drilling has served notice to Singapore yard Keppel FELS that it has terminated the newbuilding contract between the…
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DSME bags $748m Russian LNG barge deal
Daewoo Shipbuilding & Marine Engineering (DSME) has won a KRW900bn ($748m) order to build two liquefied natural gas (LNG) barges…
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Sembcorp Marine proposes $1.5bn recapitalisation as part of demerger from parent company
Singapore’s shipbuilding and repair yard group Sembcorp Marine has proposed a recapitalisation plan through a S$2.1bn ($1.5bn) rights issue which…
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Court seizes shipyard assets of Taizhou Kouan
A court in Taizhou has ruled to freeze part of the shipyard assets of Taizhou Kouan Shipbuilding at the request…
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EU resumes HHI-DSME merger investigation
The European Commission, the antitrust regulator of European Union, has resumed screening of the merger between major South Korean shipbuilders…
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Tiger Gas orders up to ten LNG tank container carriers at Yangzijiang
Gerry Wang-led Tiger Gas has entered the gas shipping business, having signed contracts with China’s Yangzijiang Shipbuilding for the construction…
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Qatar Petroleum signs $19bn LNG carrier agreement with South Korean yards
Qatar Petroleum has announced the second batch of agreements for its massive LNG carrier newbuilding programme. The company has entered…
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Qatar’s record-breaking ship order: the big picture
The global shipbuilding paradigm has changed dramatically in the space of just 24 hours. Bluechip owners wanting their VLCCs or…
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New Times Shipbuilding secures orders for four suezmax tankers
Chinese private yard New Times Shipbuilding has secured new orders for four 158,000 dwt suezmax tankers from two European owners.…
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Eversendai awarded offshore wind contracts by Petrofac
Malaysian offshore service provider Eversendai Offshore has secured two offshore wind renewable energy projects from Petrofac. The first project is…
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Korea’s ExIm Bank throws another $113m to the nation’s shipyards
The Export-Import Bank of Korea has increased its funding for shipbuilders from KRW3.8trn to KRW5.2trn ($419.45m). “We have increased financing…
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Kokura, the ship that helped transform containerisation, heads to Bangladesh demo yard
Costamare has announced the sale of the largest container vessel ever scrapped. Brokers Braemar ACM report that the 1997-built 7,403…
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Eastern Pacific orders dual-fuel LPG trio at Hyundai Mipo for Equinor charters
Idan Ofer’s Eastern Pacific Shipping (EPS) has placed orders for three medium-size dual-fuel LPG carriers at Hyundai Mipo Dockyard. The…
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