Shipyards
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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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Foremost Group orders kamsarmax pair at CSSC Chengxi
US-based dry bulker owner Foremost Group has placed an order at CSSC Chengxi Shipyard for the construction of two 85,000…
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Sembcorp Marine to shut local yard by the end of this year
Awash in red ink Singapore’s Sembcorp Marine is shuttering a local yard four years earlier than scheduled. SembMarine has revealed…
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Keppel finds sale and leaseback solution to deliver Mexican jackup
Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has fixed a sale and leaseback solution in…
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DSME workers vote to strike against Hyundai Heavy takeover
The workers union of Daewoo Shipbuilding and Marine Engineering (DSME) has decided to strike in protest of Hyundai Heavy Industries…
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Two dead after tanker hit by fire at Bangladesh shipbreaking yard
A fire broke out onboard an oil tanker beached at the Shagorika Ship Breaking Yard in Bangladesh, resulting in the…
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Recycling market leaves many puzzled
The ship recycling market is seeking price stability at present with some experts describing the current status as puzzling and…
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Tanker owners risk being elbowed out of Korea’s top yards as huge LNG order hoves into view
Tanker owners have been advised to get their orders in fast at South Korea’s blue chip yards before available slots…
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Valles back in Japan for an aframax
Hong Kong’s Valles Steamship run by the Koo family has gone to Japan for its latest order. Brokers report that…
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Former Keppel procurement officer pleads guilty to long list of bribery charges
A former senior procurement office at Singapore’s Keppel Shipyard pleaded guilty on Friday to 54 charges of corruption and money…
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Hanjin Heavy comes to an agreement with lenders in Manila
Troubled Hanjin Heavy Industries & Construction (HHIC) from South Korea has reached an agreement on debt rescheduling for its Philippine…
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Oldendorff orders bulker pair at CSSC Chengxi
German dry bulk shipping operator Oldendorff has placed an order at CSSC Chengxi Shipyard for the construction of two 21,500…
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Angelicoussis back at DSME for another LNG carrier
Daewoo Shipbuilding & Marine Engineering (DSME) has won an order from one of its most loyal customers. John Angelicoussis’s Maran…
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