Dayang Shipbuilding goes into bankruptcy [Finance]
Yangzhou Dayang Shipbuilding, a subsidiary yard of Sinopacific Shipbuilding has declared bankruptcy and started a liquidation process. The shipbuilder sent a notice to executives and staff on July 24 that the company has been suffering from fi...
2017-07-27 07:24:31
Sembcorp-Keppel potential merger gathering attentions [Finance]
Talks about a potential merger of Singapore’s top two shipbuilding companies, Sembcorp Marine and Keppel Offshore & Marine are emerging on the surface.   Through a recent report, DBS Vickers Securities, the largest security company i...
2017-07-27 07:23:48
Mystic Invest orders new cruise ship [Shipbuilding]
Mystic Cruises, an affiliate of Portuguese cruise ship operator Mystic Invest, has recently announced that the company placed an order at its compatriot shipbuilder WestSea Viana Shipyard for a new cruise ship.   The new vessel, the first...
2017-07-27 07:21:45
SWS swallowed poisoned apples? [Finance]
After taking the lion's share in last year's competition among Chinese yards for winning next-generation Valemax series, CSSC-affiliated Shanghai Waigaoqiao Shipbuilding (SWS) has written down the value of the 14 400,000 dwt ore carriers by CNY 6...
2017-07-27 07:20:44
HHI having difficulty with wage negotiations [General]
Following last year, this year also, wage and collective bargaining talks in Hyundai Heavy Industries stand in striking contrast to those in Hyundai Mipo Dockyard.  The management and labor union of Hyundai Heavy Industries have carried o...
2017-07-27 07:19:20
Fosen-Hantong ink LOI for new JV [Shipbuilding]
Fosen Yard, a shipbuilder located at Rissa of Norway, turns out to have signed a letter of intent (LOI) with China's Jiangsu Hantong Ship Heavy Industry (HT) for the establishment of a new joint venture (JV).   According to a foreign pres...
2017-07-27 07:17:20
KR contributes to Korea Navy ships [General]
Korean Register of Shipping (KR) awarded a certification of Welding Procedure Specification (WPS) to maintenance station of Republic of Korea Navy 2nd Fleet on July 21. The achieving certification of the Korea Navy 2nd Fleet is the first in Korea...
2017-07-27 07:16:22
DSME right ahead of formal VLCC contract with HMM [Shipbuilding]
The $2.4bn (KRW2.6trn) newbuilding support program (ship fund) which has been dragging for last nine months will finally start its operation soon, benefitting Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Merchant Marine (HMM). ...
2017-07-27 07:15:25
HHI Group spurs management improvements [Finance]
Hyundai Heavy Industries (HHI) Group is speeding its management improvement plan with consecutive successful disposals of non-core assets.   HHI announced on July 26 that it is disposing of all its share in Hotel Hyundai, its own subsidiar...
2017-07-27 07:14:36
EK Heavy delivers oil tanker [Shipbuilding]
EK Heavy Industries located in the Shipbuilding Industrial Complex in Goseong, Korea, succesfully delivered the year's first newbuilding in the region on July 25.  The vessel delivered this day (Hull No. EK003) is an oil tanker for Animo ...
2017-07-27 07:13:50
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