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Panama’s MEC Shipyard, formerly Braswell Shipyard, and the largest on the Pacific coast from San Diego to Chile, has reopened following two years of inactivity after the end of the drydock concession in 2011.

US shipowner Seacor Holdings has inked an agreement to buy two VLGCs at South Korea's Hyundai Heavy Industries (HHI).

Singapore: Fincantieri-owned offshore vessel builder Vard has bagged a contract for an Azimuth stern drive offshore tug.

Hong Kong: Containership owner Seaspan announced a normalised profit of $28.3m for the quarter ending March 31st 2013.

New York: Scorpio tankers says it has yet to realise its full earning potential and eco-ships will be its trump card in the coming years, the company claimed in its first quarter earnings call.

It is the trickiest of all business decisions: catching the falling knife of the bottom of the market. It would seem though that an increasing number of shipowners believe that point is coming around now.

Hong Kong: Hong Kong-based Kuma Shipping has booked two platform supply vessels (PSVs) based on Ulstein's designs to be built at a Chinese shipyard.

Oslo: Norwegian offshore shipbuilders, owners and equipment suppliers are the principal beneficiaries of strong growth at the country’s Guarantee Institute for Export Credit (GIEK) whose guarantees and offers now exceed NOK100bn ($17.2bn) for the first time.

Hong Kong: China Shipping Container Lines (CSCL) has revealed intentions to order five 18,000 teu containerships from an unnamed shipyard.

Hong Kong: Jiangsu Rongsheng Heavy Industries has posted weak first quarter results amid the sluggish global shipbuilding sector.

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