Shipyards
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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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Bankruptcy looms as no takers vie for Sungdong
Sungdong Shipbuilding & Marine Engineering, once one of the top 10 largest shipbuilders in the world a decade ago, is…
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China Ocean Industry disposes of major stake in Huakai Heavy Industry
Chinese shipbuilding group China Ocean Industry has entered into an agreement with Nantong Huachuan Transport Equipment for the sale and…
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Four more found guilty in sprawling Vinashin corruption scandal
A court in Hanoi yesterday sentenced Vinashin’s former chairman Nguyen Ngoc Su to 13 years in prison for “abuse of…
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Oshima debuts revolutionary bulker design
Oshima Shipbuilding, widely held to be among the finest bulker builders in the world, has debuted a new ultramax design,…
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Angelicoussis adds LNG carrier at DSME and eyes further orders
Maran Gas Maritime, an affiliate of Greek owner Angelicoussis Shipping Group, has placed an order for one additional 174,000 cu…
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Avin heads to Korea for suezmax pair
Greek owner Avin International has placed an order for two firm 158,000 dwt suezmax tankers at Hyundai Heavy Industries in…
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Crane collapses on bulker at Yangzijiang Shipbuilding, one dead
A crane collapse incident took place at Yangzijiang Shipbuilding’s Yangzi Xinfu yard this morning. According to local reports, the crane…
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Titan Petrochemical shareholders seek removal of co-chairman
Titan Petrochemical has announced that the board has received a written requisition, from a substantial shareholder of the company, demanding…
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