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STX scandal catches up with Lee

The prosecution questioned former trade minister Lee Hee-beom last week over allegations that

Keppel sees its future in PH

Singapore firm Keppel Corp. is looking forward to do more business in the Philippines as it continues to upgrade its shipyards in Batangas and Subic. “In the last few

Japanese Shipbuilders Lead the World with Green Technologies

New international regulations, such as those to reduce greenhouse gas emissions from ships, along with the demand for lower

ABG Shipyard's payment-on-delivery strategy may prove risky

ABG Shipyard, the largest private sector ship builder in India, is ready to accept payments towards its orders only upon delivery,

Deadbeat Chinese shipyards stick banks with default bill

Chinese banks are stuck in a lose-lose legal battle between domestic shipyards and foreign buyers over billions of dollars in refund

Damen pontoon deliveries ensure global stock availability

Last Friday, April 4th, a shipment that left China seven weeks ago carrying 13 new Damen Stan Pontoons and 10 other Damen vessels

S. Korean shipbuilders' new orders plunge 70 pct in March

South Korean shipbuilders saw their new orders tumble more than 70 percent in March from a year earlier due to increased ship

Shipbuilding orders flowing back to Chinese yards

Orders for new ships have been flowing back to Chinese shipbuilders, particularly the bigger yards, allowing them to record stronger

Sembcorp Marine's earnings predicted to jump 14% in 2013-2016

Nomura analysts estimate SMM’s operating earnings will grow at a ~14% CAGR in the 2013-16F period driven by

Former STX Group chief questioned over alleged graft

The former head of financially troubled shipping and shipbuilding conglomerate STX Group was called in by

All Above Board: A bold gamble by Vivus Global

When Vivus Global Australia Pty Ltd said last week that it would invest Rs.15,000 crore in a new shipbuilding 

Saudi Arabia plans major shipbuilding yard in Yanbu

A major new shipyard, is to be constructed by Saudi Arabia and an international shipbuilding joint-venture

Klaveness declares shipbuilding options for three bulkers

Klaveness Shipping has exercised shipbuilding options to build three bulk carriers at two different Chinese shipyards.

A billion-dollar default looms for China’s biggest private shipbuilder

With Chinese steelmakers and solar companies struggling to pay off debts, it was only a matter of time

Hanjin Heavy Industries wins 60.4 bln won order from Liberia

Hanjin Heavy Industries & Construction Co., a South Korean shipbuilder, said that it has obtained a 60.4 billion won (US$56.9 million)

Yangzijiang confirms 18 newbuilding orders worth $815m

China's Yangzijiang Shipbuilding has confirmed 18 new shipbuilding orders worth a total of $815m in March. The 18 new effective orders

Titan close to deal for Quanzhou yard

Titan Petrochemicals' troubles with its Quanzhou yard appear to be seeing some hope of resolution, with the

ABB Turbocharging Service Point opens at Drydocks World

ABB’s first-ever Middle Eastern Turbocharging Service Point is now in operation inside Drydocks World’s Dubai-based facility.

Entering a new market with ocean going tugs

ULSTEIN has sold design and equipment packages for four ocean going tugs to Niigata Shipbuilding & Repair in Japan. The vessels will be built for the Dutch company ALP

Nam Cheong Hauls in $43.1 Mln

Nam Cheong Limited, a group specialising in the building of offshore support vessels (OSVs), has sold another two vessels worth approx. $43.1 million, making it a record
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