Shipbuilding & Shipyards

After years of rightsizing and lay-offs Keppel Offshore & Marine is seeing a recovery in its business and plans to hire 1,800 staff in Singapore and overseas during the year.
Dubai-based Tristar Group has ordered six newbuild 25,000-dwt oil and chemical tanks at Hyundai Mipo Dockyard on the back of long term charters with oil major Shell.
Hyundai Heavy Industries (HHI) has announced on Sunday an order win for a 174,000-cu m LNG carrier, bringing its recent newbuilding orders to a total value of KRW700bn ($630m).
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.
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