As European Cash Dries Up, Korean Shipyards Look at Local Financing Options
(Bloomberg) — Korea Finance Corp. has bid for its first plane-financing deal and started offering loans to shipbuilders as local companies look for new
(Bloomberg) — Korea Finance Corp. has bid for its first plane-financing deal and started offering loans to shipbuilders as local companies look for new
With scores of Chinese shipbuilders struggling to stay afloat, some have been forced to diversify their offerings and look to adjacent markets for even the
Damen Shipyards announced today the delivery of two, PSV 4500 platform supply vessels, plus another four which are currently under construction and destined
ATHENS–Greek shipyard workers clashed with riot police Thursday after protesters stormed the country’s defence ministry in a dispute over unpaid
The DNV-classed Far Solitaire (UT 754 WP) was delivered today from the STX OSV Langsten shipyard to its new owner, Farstad Shipping. Last month, this vessel
Prosafe announced today they have signed a Letter of Intent for the construction of a semi-submersible accommodation rig at Jurong Shipyard Pte Ltd (JSPL) in
On Monday, with support from BAE Systems Southeast Shipyard and Berard Transportation, Austal USA successfully completed the launch process of the recently
TOKYO — Mitsubishi Heavy Industries Ltd. dismissed a local newspaper report Wednesday that it aims to buy a controlling share in a shipbuilding unit of
The Island Innovator, a DNV-classed semi-submersible drilling and well intervention rig was delivered today by COSCO Qidong shipyard to its new owner, Odfjell
Bermuda-based Höegh LNG announced today a new joint venture with STX Pan Ocean that gives each party a 50% stake in the 153,600 cubic meter, tri fuel,
ABB announced today the winning of a $35 million order from the Baltic Shipyard Ltd to supply Azipod propulsion and associated distribution systems for a new
There are a few headlines going around today in some major publications and by the Associated Press claiming that China has announced plans to build 50
China’s Rongsheng Heavy Industries announced today the delivery of a pair of 380,000 DWT Very Large Ore Carriers (VLOCs); one to Brazilian ore giant
d’Amico International Shipping S.A. (Borsa Italiana: DIS), has announced that its subsidiary d’Amico Tankers Ltd has signed a $66 million contract
NEWPORT NEWS, Va. — Huntington Ingalls Industries (NYSE:HII) announced today the receipt of a $296 million contract modification, under a previously
Following dismal news from the Brazilian Federal Court yesterday, offshore drilling contractor Transocean Ltd. (NYSE: RIG) (SIX: RIGN) received an
(Bloomberg) — Hyundai Heavy Industries Co., the world’s biggest shipbuilder, made a preliminary bid for an $890 million stake in planemaker Korea
MV Star Norita, a 58,000 DWT supramax bulk carrier, was named and delivered today by Chinese shipbuilder, Tsuneishi (Zhoushan) Shipbuilding to its owner,
With future projections showing increased demand for deepwater rigs, Seadrill announced today that they have signed another US$600 million contract with
The office of U.S. Senator Mary L. Landrieu (D-La.), acting as chair of the Homeland Security Appropriations Subcommittee, announced Friday that the USCG has
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