In a restructuring plan submitted to Changwon District Court, Sungdong said another 500 jobs would be scrapped, after an earlier round of voluntary resignations and retirements saw 300 workers leave the business in May.
Tui said the two 161,000 gt prototype vessels, which are scheduled for delivery in 2024 and 2026, would be powered by liquefied natural gas, but gave no details of their other eco-friendly features.
The South Korean shipbuilder has said it will temporarily shut its offshore yard in August once the remaining offshore plant is completed.
Both companies said the establishment of the shipbuilding JV will help financially troubled Jiangzhou Union Shipbuilding to restore client’s faith and restructure its shipbuilding business.
Sincere Navigation’s newbuilding order fell through after shipbuilder STX Offshore & Shipbuilding failed to secure refund guarantees.
Talks that could see China enter negotaitions with other major shipbuilding countries, including Japan, South Korea, Turkey, and the EU, are said to be ongoing after the initial Beijing meeting on 22 June ended with China's representatives asking for more information. Japan in particular is keen that a solution to the distortion in the shipbuilding market caused by state subsidies should be ended through the agreement of a WTO-compliant and enforcable regulation.
Turkish shipowner Ya-Sa Holding has locked two of its four MR tankers into a charter for up to three years with Norwegian oil major Equinor.
Central LNG Shipping Japan Corporation has ordered an LNG bunkering vessel from Kawasaki Heavy Industries that will become the first to be operated in Japan.
Seatankers Management has ordered its first LNG carrier newbuilding at Daewoo Shipbuilding & Marine Engineering.
Japanese NYK Line teams up with Japan Marine United to launch a design for an LNG-powered bulk carrier ahead of the International Maritime Organization’s sulphur cap limit in 2020.