The Group achieved $9.7 million net profit on turnover of $733.0 million in Q1 2013, but shipyard & drybulk operations contributions
South Korea's troubled shipbuilding and shipping conglomerate STX Group is considering selling its European assets including its shipyards
Creditor banks, which offer 600 billion won (544.7 million U.S. dollars) from April 26 through May 3, have
German shipowner FH Bertling is said to have cancelled two of three 82,000 dwt kamsarmax bulkers it ordered at
State-owned oil giant Petroleos Mexicanos, or Pemex, is mulling signing a letter of intent to acquire a majority stake in Hijos de J. Barreras, a shipyard
STX Group, a cash-strapped South Korean shipbuilding and shipping conglomerate, is feared to face a further worsening liquidity crunch this year with
Japan's Imabari Shipbuilding Co., Ltd. has developed a new class of 33,000 dwt D/W Type Bulk Carrier named 'IS' TRI-STAR. The shipbuilders say that its share of the
CIC Lixin Shipyard has named and delivered the 'MV Yangtze Oasis' to New Yangtze Navigation (Hong Kong) Co., Ltd. The new type of 34,000 dwt
Prices of newbuilding vessels could well have bottomed out as shipowners are embarking on a new cycle of ordering racing against
Sinopec, China Shipping Development and Japan’s Mitsui OSK Lines have played it safe and selected China’s proven LNG leader, Hudong-Zhonghua
Norwegian offshore shipbuilders, owners and equipment suppliers are the principal beneficiaries of strong growth at
The sixth of the ten cargo ships being built at the Shanghai shipyards for Cuba, as part of a joint project between the Caribbean nation and China, was delivered
Operating in ice requires a very special type of vessel and in turn those vessels require a special type of propulsion, as described by Dag Pike.
Years ago the Russians solved the problem by sheer
Samsung Heavy Industries Co.'s (010140.SE) first-quarter net profit rose 19% on increased high-end ship orders, it said.
Yangzijiang Shipbuilding was hit by an additional cessation of shipbuilding contract in the first quarter, adding on to previous defaults from
China State Shipbuilding Corp (CSSC) has warned of a possible net loss in the first half of this year after posting a 73.1% plunge in first quarter profit.
“Due to reduced newbuilding completion
Creditors of the ailing shipbuilder agree to provide STX Offshore with (US$540 million) in emergency loans.
The news is cited as coming from the
Kawasaki Heavy Industries Ltd. (7012), Japan’s third-biggest shipbuilder, would consider merging to thin out
Mitsubishi Heavy Industries, Ltd. (MHI) has received an order for two vessels capable of three-dimensional (3D) seismic data acquisition
Ningbo Xinle Shipbuilding Group has recently held a steel cutting ceremony for China's first hybrid dual-fuel 30,000 cu m LNG carrier.