China Merchants Industry Holdings (CMIH) has signed agreement with Sinotrans-CSC China Changjiang National Shipping Group to take over Nanjing Jinling Shipyard and Wuhu Jiangdong Shipyard from the start of 2019.
Japan’s NYK has received a JPY2bn ($18m) loan from Taiyo Life Insurance Company to exclusively finance the construction of its first methanol-fuelled chemical tanker.
China Shipbuilding Industry Co. Ltd (CSICL) plans to sell two offshore engineering subsidiaries to its controlling stakeholder China Shipbuilding Industry Group (CSIC) to avoid negative impact caused by depressed offshore engineering market.
MacGregor and China State Shipbuilding Corporation (CSSC) have signed a letter of intent on strategic cooperation that will see MacGregor strengthen its presence in China.
H.E. Dr Abdulla Belhaif Al Nuaimi, Minister of UAE Infrastructure and Chairman of the UAE Federal Transport Authority, was announced as winner of the Global Maritime Community Award during the 15th anniversary Seatrade Maritime Awards Middle East, Indian Subcontinent and Africa on Sunday night, 28 October 2018.
China's largest private shipbuilder Yangzijiang Shipbuilding has formed a new joint major Japanese shipbuilders Mitsui E&S Shipbuilding (MES-SC) and Mitsui & Co based at one of the Chinese company's existing yards.
Tsuneishi Shipbuilding’s China unit Tsuneishi Group (Zhoushan) Shipbuilding has launched its first LR 1product tanker featuring larger than average tanks and a wider beam.
More signs of recovery continue to emerge from the offshore sector with Malaysian offshore supply vessel (OSV) player Nam Cheong finally emerging from debt and returning to profitability in the first half.
Tsuneishi Shipbuilding is launching a new version of its kamsarmax bulker design with higher environmental and efficiency performance.
Ulstein Verft has inked a contract with Bernhard Schulte to build a service operation vessel for its wind project arm WINDEA Offshore.