August 8, 2017
A recovery in demand for new bulk carriers has helped Singapore’s worst-performing stock in 2016 become its best this year. (more…)
Read More
Shipbuilding
August 4, 2017
Three strategic investors with a presumed interest in the troubled Neorion shipyard on the island of Syros, Greece were cited during a ministerial-level meeting in...
Read More
August 2, 2017
France and Italy want to find a solution for Italian shipbuilder Fincantieri’s blocked takeover bid for STX France shipyards by Sept. 27, French Finance Minister...
Read More
August 2, 2017
South Korea’s top shipbuilder Hyundai Heavy Industries Co. said Tuesday its second-quarter net profit plunged 49 percent from a year earlier on lower profitability. (more…)
Read More
July 31, 2017
South Korea’s Hyundai Heavy Industries Co has won a contract worth up to $600 million from Vitol, the world’s largest independent oil trader, for as...
Read More
July 31, 2017
France will offer to expand shipbuilding cooperation with Italy into naval vessels, Finance Minister Bruno Le Maire said, after Paris thwarted a tie-up it is...
Read More
July 28, 2017
Samsung Heavy Industries Co., a major shipyard here, said Thursday that it swung to the black in the second quarter of the year from a...
Read More
July 28, 2017
As first steps go, President Emmanuel Macron’s decision Thursday to nationalize a shipyard is as French as it gets. (more…)
Read More
July 28, 2017
Hyundai Heavy Industries Co.’s move to secure 1 trillion won (US$892.86 million) of liquidity is part of its self-rescue plans to survive. (more…)
Read More
July 27, 2017
The French state said on Wednesday it would nationalise the STX France shipyard if Italy does not accept its offer to split STX’s capital equally,...
Read More
July 25, 2017
European shipbuilders’ dominance in the $117 billion passengership industry may come under threat as Chinese rivals move into the sector to tap booming local demand...
Read More
July 24, 2017
Oceangold has reportedly placed an order for up to four tanker vessels at STX shipyard. (more…)
Read More
July 24, 2017
Philly Shipyard announced that it has entered into a Letter of Intent (LOI) with a blue chip U.S. shipping operating company for the construction and...
Read More
July 20, 2017
Samsung Heavy Industries (SHI) revealed it has inked a shipbuilding contract for two vessels with an unnamed shipowner. (more…)
Read More
July 19, 2017
Samsung Heavy Industries Co. is seeking to cut its workforce and have employees return part of their salaries in order to cut costs, industry sources...
Read More
