Industry Sectors:Shipbuilding & Shipyards
Shipbuilding & Shipyards
Cosco Corporation (Singapore) Limited remained in the red in 2016 on the back of continuing weakness in the shipping and shipbuilding markets.
Two former executives from Vinashin Ocean Shipping (Vinashinlines) have been sentenced to death for corruption, while a third has been imprisoned for life.
Damen Shipyards Group is laying-off 150 workers at three ship repair and conversion yards in the Netherlands.
Shanghai Bluesoul Environmental Technology and Shanghai Huarun Dadong Dockyard (HRDD) have entered into a partnership for the marketing and installation of exhaust gas cleaning systems for ships.
Sembcorp Marine (Sembmarine) is set to close down two of its existing yards this year as it opens phase two of its integrated mega-yard.
Singapore's Sembcorp Marine has returned to profit in 2016 amid a severely depressed offshore market, and has engaged in talks with potential customers to resell some completed rigs that had…
Taiwan’s shipbuilder CSBC Corp has received an order cancellation from Syra Shipping for a feeder container vessel.
The credit exposure for South Korean banks to the country’s big three shipbuilders has been trimmed by KRW5.36trn ($4.67bn) in 2016 compared to the previous year due to restructuring efforts…