Shipyards
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Vard to build cable lay vessel for Prysmian Group
Norwegian offshore shipbuilder Vard has been awarded a contract by Italy’s Prysmian Group to design and construct a cable laying…
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CIMC buys into Zhoushan Changhong International Shipyard
Chinese container manufacturer China International Marine Containers (CIMC) and Zhoushan Changhong International Shipyard have entered into an agreement to collaborate…
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China Navigation orders boxship quartet at Huangpu Wenchong
Singapore’s China Navigation has signed shipbuilding contracts with CSSC-affiliated Huangpu Wenchong Shipbuilding for the construction of four 2,750 teu sub-panamax…
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Sembcorp Marine and GTT sign licensing agreement
Leading Singaporean shipbuilding group Sembcorp Marine has taken another big step in fulfilling its LNG ambitions. It has signed a…
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Yangzijiang Shipbuilding acquires major stake in domestic bulker owner
Chinese major private shipbuilder Yangzijiang Shipbuilding has entered into a sale and purchase agreement to acquire a 60% stake in…
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Sinopacific Shipbuilding parent defaults on bond payment
Evergreen Holding, the parent group of Sinopacific Shipbuilding has announced that it has been unable to make a bond payment…
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Pakistan to resume tanker scrapping
Sources tell Splash there has finally been a breakthrough in Pakistan with authorities signing off and consenting to the lifting…
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Goa Shipyard eyes 2019 IPO
India’s Goa Shipyard is looking to list on a stock exchange through an initial public offering in one year, reports…
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Sungdong Shipbuilding officially placed under court receivership
South Korea’s Changwon District Court has officially put financially trouble shipyard Sungdong Shipbuilding under receivership on Friday. According to the…
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CSSC shares restricted and face delisting
China State Shipbuilding Corporation (CSSC), one of the two state-run shipbuilding conglomerates in China, has announced that Shanghai Stock Exchange…
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Statoil awards Njord Bravo FSO upgrade contract to Aibel
Norway’s Statoil, on behalf of the Njord license, has awarded a NOK1.3bn ($166.7m) contract to Aibel for the upgrading of…
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Court to auction Hanjin stake in Chinese yard
China’s Ningbo Maritime Court will hold an auction for bankrupt South Korean shipping firm Hanjin Shipping’s entire 34.71% equity shares…
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China to lift foreign ownership restrictions for shipbuilding
China’s National Development and Reform Commission (NDRC) has announced a timeline to lift its restrictions on foreign ownership in several…
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British owners head to China for bulkers
A pair of British owners have gone to China in bulker buying mode. Brokers report that family owned Hadley Shipping…
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ABG Shipyard creditors reject bid from Liberty House
The creditors of financially troubled Indian shipbuilding company ABG Shipyard have rejected a bid made by UK-based Liberty House Group,…
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KDB withdraws plan to put STX under court receivership
South Korean state-run Korean Development Bank(KDB), a major creditor of financially troubled STX Offshore & Shipbuilding, announced that it has…
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Aston orders bulker pair at Dajin Heavy Industries
Russia food and ingredients supplier Aston has placed an order at China’s Dajin Heavy Industries for the construction of two…
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STX to be placed under court receivership
Financially troubled South Korean shipbuilder STX Offshore & Shipbuilding will be placed under court receivership by creditors following it failure…
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American Ethane Company and CLNG to order VLECs at Hudong Zhonghua
US ethane exporter American Ethane Company (AEC) has signed a memorandum of understanding with China LNG Shipping (CLNG) to collaborate…
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Tianyuan Logistics places debut ship order of 10 bulkers at CSIC
Tianyuan Logistics, the shipping unit of Chinese manganese ore producer Ningxia Tianyuan Manganese, has placed an order at state-run shipbuilder…
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