Author: Importer

Asian shipbuilders face an abrupt downturn in demand that could result in some yards going bankrupt as ship owners cancel or postpone orders, according to bankers and analysts. The problems could be…

Six Bangladeshi business groups will invest over Tk 500 crore($73 million) in a year to establish shipbuilding facilities across the country, sensing high export potential of the industry. The business houses with…

State-run Shipping Corp. of India Ltd (SCI) has asked for bids to buy four VLCCs, which currently cost $160 million each, to meet rising demand for crude in India. SCI currently owns…

South Korea's GS Group has withdrawn its bid to buy a controlling stake in Daewoo Shipbuilding & Marine Engineering together with POSCO, a media official at the conglomerate said. It had earlier…

Hyundai Heavy Industries has submitted a final bid for local rival Daewoo Shipbuilding & Marine Engineering according to a Hyundai Heavy source. The source, who has direct knowledge of the matter, declined…

Seadrill took delivery of the deep water drilling rig 'West Hercules' from the DSME shipyard in South Korea. West Hercules is a sixth generation, high specification, deepwater, state of the art semi-submersible…

POSCO and GS Group, rival South Korean bidders for Daewoo Shipbuilding, said yesterday they would team up in the race to buy the world's No. 3 shipbuilder. POSCO, the world's fourth-largest steelmaker,…

A preferred bidder for Daewoo Shipbuilding & Marine Engineering Co. is likely to be announced later this month, industry sources said. State-run Korea Development Bank (KDB) and a state-run asset manager are…

The USA has become the 53rd state to ratify Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL), with the deposition of an instrument of ratification with…

Vroon Offshore Services of The Netherlands (VOS) today took delivery of another newbuilding, field support vessel VOS Prospector. The vessel was built by the Zamakona Shipyard in Spain.The newbuilding, designed for standby…