China’s Two Biggest Shipbuilders Plan Merger

HONG KONG, July 1 (Reuters) - China's two largest shipbuilders are planning to merge, their listed arms said in separate exchange filings on Monday, the latest to join a wave of mergers among state-owned enterprises as the government overhauls the sector. The move by China Shipbuilding Industry Corp (CSIC) and China State Shipbuilding Corp Ltd (CSSC), is subject to approvals … [Read more...]

China Delivers First ‘Smart’ VLCC

China's largest shipbuilder Dalian Shipbuilding Industries (DSIC) has delivered what it says is the world's first "smart" Very Large Crude Oil Carrier to China Merchants Energy Shipping (CMES). The 308,000 DWT supertanker, named New Journey, has been under development for the past three years as part of a joint R&D project between CMES, DSIC and China Shipbuilding & … [Read more...]

Seaspan Delivers First Large Vessel Built Under Canada’s National Shipbuilding Strategy

British Columbia-based Seaspan Shipyards has delivered the first Offshore Fisheries Science Vessel (OFSV), the CCGS Sir John Franklin, to the Canadian Coast Guard. The CCGS Sir John Franklin is the first large vessel to be built and delivered to the Government of Canada under the National Shipbuilding Strategy. The National Shipbuilding Procurement Strategy is a … [Read more...]

Bahri Commits to VLCCs a Saudi Arabia’s New King Salman Maritime Complex

Saudi Arabian shipping company Bahri has signed a Memorandum of Understanding for the construction of the first VLCCs at the new King Salman Complex for International Maritime Industries (IMI) and Services at Ras Al-Khair, Saudi Arabia.  Under part of the MoU, Bahri has committed to placing the order before the end of July 2019. IMI will then Hyundai Heavy Industries as … [Read more...]

Abu Dhabi Rig Builder Plans Expansion Into Offshore Wind Power

By Mahmoud Habboush (Bloomberg) --An Abu Dhabi-based company that builds drilling platforms for oil giant Saudi Aramco plans to diversify into renewable energy by supplying gear for offshore wind farms. National Petroleum Construction Co. is bidding for wind projects in the North Sea and monitoring wind-equipment tenders coming out of India and Southeast Asia, Chief … [Read more...]