Shipbuilding & Shipyards

Hanjin Heavy Industries & Construction (HHIC) announced on Tuesday to the Korean Exchange that its affiliate yard in the Philippines has filed for a rehabilitation procedure.
After a series of investigations, Sun Bo, former general manager of China Shipbuilding Industry Corp (CSIC), has been officially arrested.
Saudi Arabia’s maritime sector is set to receive a much-needed boost with a generous allocation of SAR3bn ($8.8bn) for the energy, industry, mining and logistics sectors in its recently announced…
Russian shipowner Sovcomflot has continued its switch to using LNG as marine fuel ordering three gas powered product tankers from Zvezda shipbuilding complex.
China Merchants Industry Holdings (CMIH) has signed agreement with Sinotrans-CSC China Changjiang National Shipping Group to take over Nanjing Jinling Shipyard and Wuhu Jiangdong Shipyard from the start of 2019.
UAE-headquartered shipyard Lamprell is set to build the first two jack-up rigs for Saudi mega-yard International Maritime Industries (IMI).
Japan’s NYK has received a JPY2bn ($18m) loan from Taiyo Life Insurance Company to exclusively finance the construction of its first methanol-fuelled chemical tanker.
GasLog has approached Samsung Heavy Industries (SHI) for the construction of two more LNG carriers, after it exercised its option for two new charter agreements with Cheniere Energy.
Chinese shipyard Taizhou Kouan Shipbuilding has signed newbuilding contracts with Shanghai Ganglu Shipping to construct two 56,000-dwt dry bulk carriers.
China’s Hunan Xiangchuan Shipbuilding Industry has set up a new shipyard and repair base in Zhoushan, Zhejiang province to expand its footprint locally.
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