Ship construction

Ren Yuanlin, the head of Yangzijiang shipbuilding.

Singapore-listed Chinese shipbuilder Yangzijiang Shipbuilding (Holdings) Ltd (YZJ) has teamed with other companies to establish what has been claimed to be the first privately owned investment holding company in China.

HHIC shipyard, Busan.

South Korean shipbuilder Hanjin Heavy Industries & Construction (HHIC), which has commenced voluntary debt restructuring, said today that it has sold a plot of land and buildings in Incheon, South Korea.

Vard CEO Roy Reite

Singapore-listed Norwegian offshore vessel builder VARD Holdings said today that Norwegian shipowner REM Offshore has terminated a newbuilding contract for an offshore construction and anchor handling tug supply (AHTS) vessel as the latter undergoes restructuring.

Korea Development Bank's headquarters

The Korea Development Bank will offload its shares in non-financial subsidiaries by 2018, as it seeks to restore the South Korean people’s faith and trust in the bank.

Severnaya Dvina
Bert Visser attended the introduction of the latest Damen vessel, Vietnamese-built trailing suction hopper dredger (TSHD) Severnaya Dvina.

Mein Schiff 5

Marking a new stage in the rapid expansion of the TUI cruise brand focused on the German-speaking market, with a business model geared to the concept of passenger ‘well-being’ and the growing demand for family-orientated cruise vacations, the 99,800 gt Mein Schiff 5 was handed over by Meyer Turku of Finland on 21 June.

Korea Development Bank's headquarters

Daewoo Shipbuilding & Marine Engineering (DSME) said today that it had been provided with refund guarantees by its main creditor Korea Development Bank (KDB) to construct vessels ordered recently by John Angelicoussis.

Kaohsiung, where CSBC owns a shipyard.

Taiwanese shipbuilder China Shipbuilding Corporation (CSBC) has announced that Zheng Wen-Lung, former deputy CEO of Kaohsiung Shipyard, has been named as its chairman for the second time following the retirement of Robert Lai.


Shipbuilding activity in China

Taiwanese ship operator Sincere Industrial has ordered six 34,000 dwt bulk carriers at Namura Shipbuilding in Japan.

In a busy week Australian-based shipbuilder Austal has announced AUD130 million (USD96.3 million) in contracts for commercial ferries, for both Asian and European markets, and the delivery of its USS Montgomery littoral combat ship (LCS) to the US Navy.