Chinese yards see profitability down in 1H
For the first half of 2018, Chinese shipbuilding industry experienced falling deliveries and profitability against a year ago, but saw an increase in order cover and new order intakes. According to the China Association of the Nati...
YZJ wins 22 NBs in 1H
Yangzijiang Shipbuilding (Holdings) Group (YZJ), the largest private shipbuilder in China, turns out to have been awarded newbuildings worth close to $1bn for the first half of 2018. The Singapore Exchange-listed (SGX-listed) company ann...
GulfMark Offshore received merger proposal
GulfMark Offshore, Inc. (“GulfMark”) (NYSE:GLF) confirmed that it has received a non-binding, unsolicited proposal from HGIM Corp. (“Harvey Gulf”) to combine the companies through a merger in which GulfMark would acquire Harvey Gulf, with...
Prosafe reached agreement for undelivered units
Prosafe has reached agreements with COSCO and its lenders which will transform the company's fleet, market position and earnings potential, and secure a significantly enhanced financial runway. Prosafe ("Prosafe" or the "Company") and COSCO Sh...
Gondan signs contract for new ferry
GONDAN Shipbuilders has just signed a contract for the construction in 9 months of a new passenger catamaran for a European country. The vessel, which will reach 34 knots at full load, will be driven by two 3,000 hp engines each, which will make ...
Mitsui invests in Taiwanese offshore wind farm
On August 2, 2018, Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) completed all necessary procedures to enter into a definitive agreement to acquire a 50% share of Yushan Energy Taiwan Co., from Singapor...
Remontowa wins ferry quartet
Gdansk-based Remontowa turns out to have recently won a total of four ferries from Norwegian ferry operator Norled. From June to July, the Polish shipbuilder clinched two deals from Norled for two ferries each. The vessels will operate on the ...
OOCL eyeing 1m capacity
Hong Kong-based operator OOCL, which recently merged with Chinese state-run shipping company COSCO Shipping Holdings, announced its long-term strategy hinting fleet expansion and ordering of 20,000-teu ULCs. On August 6, Orient Overseas (Inter...
SHI builds LNG-fueled tanker duo for Teekay
Some specifications of two shuttle tankers Samsung Heavy Industries (SHI) won from Teekay Offshore last June at about $239m in total has been revealed. Ingvild Saether, CEO at Teekay Offshore, noted through the company's 2Q business resu...
CHI won Greek BC series
COSCO Shipping Heavy Industry has won a kamsarmax series from Athens-based shipowning company, Hermes Marine Management. According to foreign media and industry, CHI is reported to have received 4+4 82,000-dwt bulkers from the owner through it...
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