China’s shipyards have seen their newbuilding deals and order backlog deflate by around 30% in the first five months compared to the same period of last year, according to figures from China Association of the National Shipbuilding Industry (Cansi).
Hyundai Samho Heavy Industries, an affiliate of Hyundai Heavy Industries (HHI), has informed that Korea’s IMM Private Equity has agreed to increase its pre-IPO investment into Hyundai Samho to KRW400bn ($360m) from KRW300bn.
Hyundai Heavy Industries (HHI) has landed a contract to build three VLOCs for compatriot Polaris Shipping Co, the local media reported.
The last of seven former Singapore Technologies Marine (ST Marine) senior officials has been sentenced by a Singapore court on Monday, wrapping up the lengthy proceedings of a corruption case since it was publicly announced in September 2011.
Dubai-based Tomini Shipping has booked three 64,000-dwt ultramax bulk carriers at China Shipping Industry (Jiangsu) Co, reports said.
The embattled big three South Korean shipyards struggling to stay afloat amid the shipbuilding downturn are starting to see positive signs as they clinched new orders worth a combined $9.37bn in the first five months of this year.
South Korea’s Hyundai Heavy Industries (HHI) announced that it has landed orders to build 62 ships worth $3.8bn for the January to May 2017 period.
Shanghai Shipyard, subsidiary of China State Shipbuilding Corp (CSSC), has clinched an order to build a pair of 100,800 dwt dry bulk carriers for Estonia’s Platano Eesti.