Shipyards
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Washington debates how to make American shipbuilding great again
American politicians this week have been discussing a 21st century update to the Jones Act. Congressman John Garamendi and senator…
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China Ocean Industry moves into the LNG business
Chinese private shipbuilding group China Ocean Industry is looking to move into the LNG sector as it looks to expand…
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China Merchants completes AVIC Weihai takeover
China Merchants Offshore Engineering Investment, a fully owned subsidiary of China Merchants Group, has completed the takeover of 69.77% equity…
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Cerebus and Austal enter exclusive talks to take over Hanjin Heavy’s giant Subic yard
The Nikkei Asian Review is reporting Australian shipbuilder Austal and US private equity firm Cereus Capital Management have entered exclusive…
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Court to liquidate Fujian Crown Sea Shipping
A court in Fujian has ruled to liquidate defunct Fujian Crown Sea Shipping, along with its subsidiary Fujian Crown Ocean…
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Ningshen Group orders chemical tanker at AVIC Dingheng
Yonghua Shipping, a shipping unit of Shanghai-based Ningshen Group, has placed an order at AVIC Dingheng Shipbuilding for the construction…
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Hyundai Heavy takes labour union to court
The fractious relationship between management and workers at the world’s largest shipbuilder is set to take another turn for the…
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Court rules to liquidate Huakai Heavy Industry
China Ocean Industry has announced that a court in Jiangsu has ruled to liquidate its subsidiary yard, Huakai Heavy Industry,…
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ASRY appoints acting CEO
Bahrain’s ship repair and fabrication yard ASRY has appointed Magdy Sharkawy as the acting CEO of the company, replacing Andy…
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Keppel secures newbuild dredger and FPSO modification contracts
Singapore’s Keppel Offshore & Marine has secured a dredger newbuild contract and FPSO modification contract worth a total of around…
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Bihar International orders up to eight tankers at New Times Shipbuilding
Saudi Arabian owner Bihar International has placed orders at China’s New Times Shipbuilding for the construction of up to eight…
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Union Maritime orders up to four aframaxes at Cosco Shipping Heavy Industry
UK owner Union Maritime has signed a newbuilding contract with Cosco Shipping Heavy Industry (CSHI) for the construction of up…
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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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