The privately-owned Chinese yard, Nanjing Huatai Shipbuilding, has filed for bankruptcy with district courts.

Saudi Arabia’s International Maritime Industries (IMI) and Columbia Ship Management (CSM) have converted a six-month-old Memorandum of Understanding into a Memorandum of Agreement (MoA).

The methanol-fuelled VLCC design from Dalian Shipbuilding Industry (DSIC) and Cosco Shipping Energy Transportation has obtained AiP certificate from the classification societies of CCS and DNV.

ASENAV, the largest private-owned shipyard in Chile, has placed an order for two MAN 12V175D-MM IMO Tier II engines.

In the first month of 2022, China State Shipbuilding Corporation (CSSC) inked 32 vessel newbuilding orders, an increase of 146.5% year on year.

PSA Marine Peru has contracted Cheoy Lee Shipyards in Hong Kong for a tug newbuilding equipped with Schottel propulsion.

INEOS has named the world’s largest ethane carrier Pacific INEOS Belstaff in Texas.

Keppel Offshore & Marine unit Keppel Shipyard has bagged SGD250m ($186.2m) in conversion, integration and jumboisation projects.

China’s leading manufacturer Weichai has started construction of a new Qingdao Marine Equipment manufacturing centre.

Ship recycling facilities in Bangladesh. India, and Pakistan have hiked prices for demo units in recent days despite the Chinese New Year last week and that usual lull that surrounds the celebrations.