General
Sungdong workers called for rehabilitation plan
The Sungdong Shipbuilding & Marine Engineering branch of the Korean Metal Workers' Union (KMWU) had a press conference on October 15 at the office building of Gyeongsangnam-do Provincial Government, Gyeongsangnam-do Province, Korea, noting th...
2019-10-16 08:28:40
Enseada filed for preventive bankruptcy
Brazilian shipyard Enseada Industria Naval (EIN) has filed for preventive bankruptcy at the court of Rio de Janeiro.   Local media Valor Economico reported that the yard currently has BRL2.3bn (around $557m) of liabilities. It is also repo...
2019-10-15 15:15:46
Rovuma LNG expects FID in early 2020
The final investment decision for Mozambique’s Rovuma LNG might take longer than initially expected.   With planned production startup in 2025, Rovuma LNG is one of the three massive LNG export projects in Mozambique, and it is led by Ex...
2019-10-15 14:03:52
Carlyle buys Vigor and MHI Holdings
Global investment firm The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management today announced they have closed on their acquisition of Vigor Industrial LLC and MHI Holdings LLC. In addition, Carlyle and Stellex announce...
2019-10-15 10:27:36
Foreship partners with Vaaka to realize ambitions
Private equity investor Vaaka Partners has become the majority shareholder of Foreship LTD, a Finnish company specializing in ship design and engineering. With headquarters in Helsinki, Finland and more than 100 naval architects and marine engine...
2019-10-15 08:43:37
HMD union starts strike
Hyundai Mipo Dockyard (HMD) union holds a strike, the first time in 23 years due to impasse in the wage negotiation.   The union staged a 4-hour partial strike on October 11. After the commencement of the strike, the union members marched ...
2019-10-14 16:06:07
Singapore Maritime Institute held R&D forum
Over 170 leaders from the maritime industry, including industry associations, business and technology leaders, institutes of higher learning (IHLs), research institutes and government agencies took part in the annual Singapore Maritime Institut...
2019-10-14 08:54:27
Austal eyeing Subic assets
Australian shipbuilder Austal is likely to enter the competition for Subic shipyard in consortium with Cerberus Capital Management, a US investor.   Sources said that the consortium will submit the bidding by October 31, and the negotiatio...
2019-10-11 15:40:03
BOURBON got offer for takeover
As part of the reorganization proceedings opened since August 7, 2019 by the Marseilles Commercial Court to the benefit of BOURBON Corporation and its affiliate BOURBON Maritime, Court Administrators have received a takeover offer. This offer mad...
2019-10-11 08:50:25
DHI-Tongyeong ink deal to buy SPP Shipbuilding
DHI Co., Ltd., a Korean ship component provider, entered into an investment agreement with Tongyeong City on October 8 to take over its compatriot shipbuilder SPP Shipbuilding, spending KRW 50bn in setting up new facilities and hiring 600 new emp...
2019-10-11 08:31:20
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