Industry Sectors:Shipbuilding & Shipyards

Shipbuilding & Shipyards

China’s ailing shipbuilding sector has seen a near one-third year-on-year decline in newbuilding orders over the first half of this year, leaving work-hungry Chinese yards still struggling to stay afloat…
Keppel Offshore & Marine (Keppel O&M) has revealed the sale price of Keppel Verolme yard in the Netherlands to Damen Shipyards as EUR23.5m ($27m).
Engine maker Wärtsilä has raised its outlook for its marine business from “soft” to “solid”, although warns conditions in the sector as whole remain challenging.
Finland’s maritime software provider NAPA and Japan’s maritime software engineering firm NTT Data Engineering Systems (NDES) have announced a cooperation on system collaboration and engineering service business for shipbuilding.
Embattled Malaysian offshore vessels builder Nam Cheong has decided to temporarily cease repayment on all borrowings as the company is reviewing its options to restructure its businesses and operations.
Saudi shipowner Bahri has continued to grow its fleet with the addition of 39th VLCC.
Hyundai Heavy Industries (HHI) has launched a new proprietary Integrated Smart Ship Solution (ISSS), capable of realising economical and reliable navigation and management of ships.
Ailing South Korean shipbuilders going through a rough patch of debt restructuring are slowly getting back on their feet, as they recorded a rise in new orders in the first…
China’s Cosco (Nantong) Shipyard and KS Drilling have agreed to further delay the delivery of a jack-up drilling rig in view of the protracted market slump.
Maran Tankers Management (MTM), subsidiary of Greece’s Angelicoussis Shipping Group, has booked four VLCCs at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME).
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