Author: Importer

China Shipping Development Co Ltd is paying more than $800 million for 10 dry bulk carriers and four very large ore carriers (VLOC). The 57,000 DWT dry bulk carriers were ordered from…

Singapore-based oil-rig builder SembCorp Marine has acquired a Texas-based shipyard from its subsidiary, PPL Shipyard. SembMarine paid $4 million for Sabine Industries, which will be renamed SembCorp-Sabine Industries. This comprises Sabine Shipyard,…

The government of Pakistan is seeking advisory services from internationally qualified firms led by a reputable international financial institution/investment bank for development of shipyards at Port Qasim, Karachi and Gwadar Port. Officials…

Hyundai Heavy Industries (HHI) aims to report 18 trillion won ($19.2 billion) in sales next year. The target is 16% more than the 15.5 trillion won worth of sales that HHI reported…

The two Koreas agreed to conduct a joint geological survey in Anbyeon and Nampo in North Korea in the first quarter of next year as part of preparatory measures to build shipbuilding…

Chinese shipbuilder Jiangnan Shipyard Group, recently delivered a 16,600 dwt chemical tanker, the Sten Arnold, completed at its Shanghai Changxing Shipbuilding facility, to its Norwegian owner, Rederiet Stenersen. The Bergen-based shipowner ordered…

The largest shipbuilding facility in the Middle East is to be constructed in Turkey and is expected to go on stream within five years. The cost of the project, which is to…

Power, a United Technologies Corp. company, has signed a contract for the development phase of a program with Spanish shipbuilder Navantia, S.A., to supply a 300kW proton exchange membrane (PEM) fuel cell…

The U.S. Navy plans to contribute up to $33 million to an Austal USA modular shipbuilding facility whose price tag could reach $200 million, Austal Ltd. said in a news release issued…

COSCO Shipyard Group, a major Chinese repair-yard, has constructed a new facility in Dongguan, Guangdong province. The facility will be utilized to build ships up to 100,000 dwt in addition to repair…