Oslo: Oslo listed bulk carrier owner Golden Ocean has cancelled three more bulker orders at Jinhai Heavy Industry Co. (Jinhai) and is discussing expansion through the acquisition of secondhand tonnage and distressed assets.
Pascagoula: ST Engineering's US shipyard, VT Halter Marine, has won a contract to build an Articulated Tug Barge (ATB) for new York based oil barging company Bouchard Transportation Co.
Brussels: Exmar and Teekay LNG Partners have successfully closed their 50/50 LPG joint venture and announced and order of up to eight midsize gas carriers with Hanjin Heavy Industries Corporation (HHIC).
Mumbai: India-based ABG Shipyard is hoping to see “multiple initiatives” from the Indian government to help shipbuilders overcome today's challenging environment.
Singapore: BH Global could lose up to S$10m ($8.07m) over a land agreement for a shipyard in Batam, Indonesia that went wrong, and other “irregular transactions”.
Singapore: Singapore-based ASL Marine achieved higher earnings in the second quarter ended 31 December 2012 due to better margins and lower operating expenses.
Tokyo: Mitsubishi Heavy Indsutries' (MHI) shipbuilding and ocean development arm revealed a fall in operating losses in the first three quarters of financial year 2012, however, the value of new orders contracted sharply. In comparison with the...