Panama has awarded the concession to rehabilitate, develop and administrate Balboa Shipyard to a subsidiary of Spanish shipyard owner Astilleros Canarios (Astican).
Singapore shipyard group Sembcorp Marine says that since the onset of the Covid-19 pandemic the majority of its projects have been delayed by at least 12 months.
Though no formal announcement has been made leading Greek shipowner, George Procopiou has emerged as the top bidder in the sale of Hellenic Shipyards, Greece’s biggest shipyard.
A strategic alliance between privately owned Norwegian ballast water system manufacturer, Optimarin, and UK-based Newport Shipping could ease pressure on ship operators who have not yet installed ballast water treatment systems (BWTS).
Shipyards the Chinese repair centre of Zhoushand are losing hundreds of ships repair jobs due strict to Covid-19 restrictions on international vessel arrivals.
Despite the success of Cosco Shipping’s concession to manage the Piraeus Port Authority (PPA) relations between the Greek state and the Chinese shipping giant have become strained.