Extension is expected to give some time for the Indian government to discuss the issues raised by the bidders
Troubled South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering said Friday that plans to hand over two drillships to Angolan oil company Sonangol have been delayed yet again.
–First order of 2016 for South Korea yard, breaking a nine-month order drought.
Trading of DSME’s stock, which had been suspended since 14 July, will remain temporarily halted while the troubled shipbuilder works on improving its finances.
The building of LNG carriers in India under a GAIL tender seemed to be one of the few successes of the 'Make in India' agenda, but the deal is on the brink of collapse ahead of a 30 September deadline.
DEME's new cable installation vessel Living Stone can do more than just cable-laying.
A new generation of Polar 7 ice-classed tankers designed with the capability to carry asphalt and bitumen cargoes on the Canadian coast, St Lawrence and Great Lakes is due to be commissioned by Quebec-based Transport Desgagnés later this year.
Hyundai Merchant Marine told IHS Fairplay on Tuesday 27 September that it had no current plans to order newbuildings, amid local media reports claiming the company could acquire ships from its troubled domestic rival Hanjin Shipping.
Dutch shipping family Switijnk is planning to order an 8,000dwt general cargo vessel incorporating wind-assisted propulsion. It has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design for a specific loading and sailing profile.
An Indian-owned heavy-load vessel, completed in June by a Chinese shipyard, has bolstered the fleet under the commercial management of Hamburg-based company United Heavy Lift.