Industry Sectors:Shipbuilding & Shipyards

Shipbuilding & Shipyards

China’s bankrupt Nantong Mingde Heavy Industry has been bought over by conglomerate Xiamen Xiangyu Group Corporation in a RMB576m ($84.2m) deal.
New shipbuilding orders received by China’s shipyards in 2016 have fallen by 32.6% year-on-year to 21.07m dwt in vessel tonnage, according to latest figures released by China Association of the…
Scorpio Tankers has lined-up $172m in loans to partially fund eight newbuildings.
Malaysia’s TAS Offshore has reversed into the red for the first half of its financial year as revenue plunged amid the weak offshore market.
Hoegh LNG Holdings has booked one FSRU newbuild each at South Korea's Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) separately.
The Korea Marine Equipment Association (KOMEA) has set up its first overseas representative office in Singapore, leveraging on the city-state’s status as a marine hub.
China Huarong Energy Company has entered into subscription agreements with a private investor for the issuance of convertible bonds for an amount of HKD751m ($96.8m).
Wilmar’s shipping arm Raffles Shipping Corporation has booked six 19,700-dwt oil and chemical tankers at China’s Jinhai Heavy Industry.
South Korea’s Samsung Heavy Industries (SHI) has set itself a goal of achieving more than $6bn in orderbook in 2017, reports said.
A christening and delivery ceremony for U-Ming’s pair of new 188,000-dwt capesize bulkers took place at Shanghai Waigaoqiao Shipbuilding (SWS) in China earlier this week.
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