Germany’s Oldendorff Carriers is converting an 11-year-old bulker into a transloader at China’s Chengxi Shipyard for transhipment operations in the Arabian Gulf.
CIMC Enric Holdings has increased its provisions for asset impairment over the botched acquisition of Sinopacific Offshore & Engineering (SOE), and warned of a loss for 2016.
Shanghai Bluesoul Environmental Technology and Shanghai Huarun Dadong Dockyard (HRDD) have entered into a partnership for the marketing and installation of exhaust gas cleaning systems for ships.
Sembcorp Marine (Sembmarine) is set to close down two of its existing yards this year as it opens phase two of its integrated mega-yard.
Grand Bahama Shipyard Ltd (GBSL) enjoyed a busy year in 2016 with 49 commercial vessels in its docks for repairs and other works.