Tokyo: Sinopacific Shipbuilding and Mitsuibishi Heavy Industries (MHI) have signed a deal to cooperate on the optimisation of a bulker design.

In the latest issue of Seatrade Asia Week:

Debt-ridden Vietnam Shipbuilding Industry Group (Vinashin) is looking to reverse its dire financial position by 2013-14 following a vital pledge of support from Vietnam's deputy prime minister and transport minister.


Dubai: Drydocks World has expressed confidence in obtaining support from a majority of its creditors to restructure its debt under its $2.2bn syndicated facility.

Singapore: Chinese shipbuilder JES International has asked the Singapore Exchange (SGX) for more time to release its annual results as delivery delays bite.

Ulsan: Kuwait Oil Tanker Co (KOTC) has inked a deal to build four chemical tankers at Hyundai Mipo Dockyard.

Dongfang Shipbuilding’s finance director has become the latest senior executive to walk from the troubled Chinese shipyard.  The London AIM-listed shipbuilder said on Monday its finance director, AKM Ismail had resigned with immediate effect to “pursue his other business interests”.

Singapore: Swire Pacific Offshore Operations (SPO) has entered into newbuilding orders for platform supply vessels (PSVs) and an acquisition deal.

Kuala Lumpur: Malaysia Marine and Heavy Engineering (MMHE) posted huge decline in earnings in the quarter ended 31 December 2011 due mainly to lower contributions from its engineering and construction segment.

Taipei: U-Ming Marine Transport Corp has moved ahead with its newbuilding plans ordering up to 10 capesize bulkers in China.

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