Pacific Drilling announces settlement in mediation [Offshore]
Pacific Drilling S.A. (OTC:PACDQ) (“Pacific Drilling” or the “Company”) announced on August 20 that its plan of reorganization filed on July 31, 2018 (the “Plan”), based on a proposal presented to the Company’s Board of Directors by...
2018-08-24 07:34:29
Wuhu won ultramax unit [Shipbuilding]
A Chinese shipbuilder Wuhu Shipyard won a 64,000-dwt ultramax bulker from compatriot bulker operator Ningbo Runhua Marine under Jiangsu Daji Group. According to the industry and foreign media, the ship will be delivered in 2020 to be operated ...
2018-08-24 07:33:47
Indian private yards urged public support [Shipbuilding]
Shipyards Association of India (SAI) recently called its government for public backing including INR150bn of an aid package for working capital in line with ‘Make in India’ initiative. According to local media, SAI argued that private ship...
2018-08-24 07:33:18
Zhejiang Shipbuilding secures compatriot investor [Shipbuilding]
It is said that a Chinese real estate major is participating in Zhejiang Shipbuilding’s restructuring effort. As a bankrupted yard under Sinopacific Shipbuilding Group, Zhejiang Shipbuilding recently revealed its restructuring plan, which in...
2018-08-24 07:32:47
HHI kicks off retirement program [Offshore]
Hyundai Heavy Industries (HHI), completely out of offshore orderbook, has kicked off another voluntary program. Kim Sook-Hyun, head of HHI's Offshore & Engineering Division announced in his internal note that he is “taking a special meas...
2018-08-24 07:32:07
HHI Group completed holding company transition [General]
Hyundai Heavy Industries (HHI) Group finally finished its shift to holding company system which started back in late 2016. HHI and Hyundai Samho Heavy Industries (HSHI) boards decided on August 22 to divide HSHI into investment body and operat...
2018-08-24 07:31:27
Japanese yards raising bulker price [Shipbuilding]
It seems Japanese yards are raising the bulker price. According to local media and the industry, a 63,000-dwt ultramax bulker newbuilding costs around $28m. Clarksons Research reported that at the end of July, the guideline price of 62K bul...
2018-08-24 07:30:48
DSME eyes order for VLCC trio next month [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering is looking forward to an additional order for its popular ship products this year. Norway's emerging crude tanker company Hunter Group has extended the deadline of an option to order three more VLCC...
2018-08-24 07:27:29
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