China Ocean Industry Group disposing of a 60% equity interest in Nantong Huakai Heavy Industry Company at a price of RMB20m ($2.88m).
Inmarsat and Hyundai have signed an agreement whereby the shipbuilder’s subsidiary, Hyundai Global Service, will use dedicated bandwidth from Inmarsat to offer shipowners and managers a digital care package for new ship deliveries.
Wang Junmin, former chairman and general manager of Chinese shipbuilding company Sainty Marine, and Cao Chunhua, former deputy general manager of the company, were sentenced to prison.
China’s Central Commission for Discipline Inspection has launched an investigation on Li Dong, head of China’s Ministry of Industry and Information Technology (MIIT) over his involvement of illegal activities.
Global logistics solutions provider, Pangaea Logistics Solutions, inked contract with Chinese shipbuilder Guangzhou Shipyard International (GSI) to build two post-panamax 95,000 dwt dry bulk carriers plus options for two more vessels.
Tsuneishi Shipbuilding its design workforce in the Philippines as it faces an aging workforce at home in Japan, and seeks to diversify the product range of its Cebu yard.
Six out of 10 new ships ordered by 2025 are predicted to be LNG-powered vessels due to stricter environmental standards in shipping, a South Korean study says.
Chinese heavy equipment manufacturer Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC) signed the contract for two shipbuilding factory gantries with Karachi Ship Building and Engineering Construction Plant of Pakistan.
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.