South Korean shipbuilder Hyundai Mipo Dockyard has won an order for a ro-ro ferry from Weidong Ferry.
China’s Nantong Mingde Heavy Industries has lost a final arbitration claim against Algoma Central as the UK Arbitration Tribunal in London has ruled in favour of the Canadian bulker owner over a contract dispute involving a fourth and final shipbuilding contract.
Search and rescue operation under way following blast at Huaxin Shipbuilding in Jiangsu Province
Billed as the world’s most luxurious ship, the Seven Seas Explorer sailed from Monte Carlo last week on an inaugural Mediterranean cruise programme following handover by Italian shipbuilder Fincantieri.
China's subsidies of carriers for scrapping ships often makes the difference between profit and loss.
Leading European shipbuilder Fincantieri continued to improve its financial performance in the first half of the year.
Singapore-listed Norwegian offshore vessel builder VARD Holdings has temporarily laid off its entire workforce in its Vard Brevik yard to cope with overcapacity amid falling orders.
Keppel Singmarine, a subsidiary of Keppel Offshore & Marine, said today that it has won orders to build three trailing suction hopper dredgers (TSHDs) from Jan De Nul Group. The TSHDs are worth about SGD100 million (USD74.6 million) in total.
South Korean shipbuilder STX Offshore & Shipbuilding, which applied for receivership on 27 May, is worth more as a going concern than if it were to be liquidated.
A former CEO of beleaguered Daewoo Shipbuilding & Marine Engineering was charged on Monday with corruption in relation to allegations of accounting fraud at South Korea’s third largest shipbuilder.