Shipyards

CMES inks four VLCC newbuilds

December 14th, 20150 China Merchants Energy Shipping has fixed four of its planned 10 VLCC newbuilds. CMES has placed two ships a piece at Nantong Cosco KHI Ship Engineering (NACKS) and...

Chinese yard to be auctioned online

December 9th, 20150 You can buy just about anything these days on Taobao, China’s online equivalent of Amazon, even a shipyard. A court in Nantong has put the assets of bankrupt...

STX yard slashes 30% of workforce

December 8th, 20150 Ailing STX Offshore & Shipbuilding, whose restructuring plan is thought to have won it KRW450bn in new breathing space from creditors, has set about axing...
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