The shipbreaking market in India has turned distinctly bullish in the new year amidst rising steel prices and a dearth of available ships. Recyclers are looking for junk ships as increasing freight rates force owners to delay scrapping.
Kim Heng Marine & Offshore Holdings is aiming to raise SGD40m ($31.4m) from an initial public offering (IPO) on the Singapore Exchange second board Catalist.
Shanghai Zhenhua Heavy Industries (ZPMC) has clinched an order to build a deepwater derrick lay vessel for UK-based oil and has services firm Petrofac.
Taiwan's state-owned shipbuilder CSBC Corp has landed a deal to construct a pair of 1,800 teu container vessel for two different shipowners.
Rigbuilders and offshore engineers Lamprell have announced their performance for 2013 is expected to beat their previous forecasts.
Yantai CIMC Raffles Offshore has won orders to build one ice-class semi-submersible drilling rig and one multi-purpose drillship.
Vard has secured a contract to design and construct a diving support and construction vessel for an undisclosed client.
