Shipbuilding & Shipyards

Port operator International Container Terminal Services Inc (ICTSI) is in talks with creditor banks to buy the facilities of bankrupt Hanjin Heavy Industries and Construction - Philippines in Subic Bay.
As the IMO’s 0.5% global sulphur cap looms for the maritime sector from 2020, South Korean shipbuilders have been urged to focus on LNG carriers and product tankers.
Chinese shipyard Zhoushan IMC-Yongyue Shipyard and Engineering is moving into the Brazilian ship repair market.
Keppel Offshore & Marine (Keppel O&M) (B2 –F01), through its wholly-owned subsidiary Keppel Singmarine, has embarked on the development of an autonomous tug to be operated by Keppel Smit Towage.
China Merchants Industry Holdings (CMIH) inked a newbuilding contract with SBM Offshore for its SBM Fast4ward FPSO MPFA project.
The International Chamber of Shipping has warned that avoiding overcapacity and unsustainably low freight rates is still a major challenge 10 years after the massive downturn of 2008.
Hudong Zhonghua Shipbuilding is to co-operate with two of the world’s leading classification societies DNV GL and Bureau Veritas (BV) to jointly develop LNG market.
Chinese shipyard Hudong Zhonghua Shipbuilding inked strategy co-operation agreement with China Petroleum Engineering& Construction North China branch to enter into the land-based LNG market.
Trident, part of Wärtsilä Corporation, is expanding its underwater-related servicing capabilities with the opening of a new diving centre facility in Fujairah, UAE.
China LNG Shipping (Holdings) Limited (CLNG), 50% controlled by Cosco Shipping Energy Transportation named four ice-breaking LNG carriers jointly funded with Teekay.
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