John Fredriksen’s Frontline has boosted its tanker fleet with an acquisition of a VLCC resale and an order for two LR2 ships.

Singapore-based Pacific Radiance announced that it has won an arbitration case relating to the rescission of shipbuilding contracts for two PSVs with Chinese shipyards.

Chinese state-owned shipbuilding giant China Shipbuilding Industry Corporation (CSIC) has visited the two shipyards that are in near-bankruptcy under Uljanik in Croatia and is considering to provide financial support.

After years of rightsizing and lay-offs Keppel Offshore & Marine is seeing a recovery in its business and plans to hire 1,800 staff in Singapore and overseas during the year.

Chinese shipyard Hudong Zhonghua Shipbuilding inked strategy co-operation agreement with China Petroleum Engineering& Construction North China branch to enter into the land-based LNG market.

Launched in late January, the response to the new MARINE INTERIORS Cruise & Ferry Global Expo, powered by SMM, and co-located alongside Seatrade Europe in Hamburg, has been ‘extremely positive’, according to Bernd Aufderheide, President and CEO of Hamburg Messe und Congress, with several top-ranking exhibitors and visitors already committed.

The ceo of Drydocks World Dubai (DDW), Rado Antolovic, has only been in his current position for 15 months, but he has already stamped his mark on the operation of one of the world’s largest ship repair, conversion and fabrication facilities.

China Shipbuilding Industry Company (CSIC) says that engineering repair, conversion and recycling units Dalian Shipbuilding Industry Marine Services and DSIC Steel Engineering Co are facing bankruptcy.

Saudi Arabia’s maritime sector is gearing up to make the kingdom a regional logistics hub and drive forward economic diversification and job opportunity, participants at the Saudi Maritime Congress in Riyadh heard on the opening day at the Kingdom Centre in Riyadh yesterday.

The port of Dammam on the Eastern Province of the Kingdom of Saudi Arabia, home of the national oil company Saudi Aramco, has seen tremendous growth over the last 30 years.

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