Hyundai Heavy Seeks Stake in Rival DSME -Official

SEOUL, Jan 30 (Reuters) - South Korea's Hyundai Heavy Industries Group, the world's biggest shipbuilder, is interested in buying a stake in second-ranked rival Daewoo Shipbuilding & Marine Engineering, a Hyundai official told Reuters on Wednesday. The comments follow the group's holding firm saying on Monday it planned to sell part of its stake in refiner Hyundai Oilbank … [Read more...]

North Korean Worker Accuses Dutch Shipbuilder of ‘Slave-Like Conditions’

By Kieran Guilbert and Magdalena Mis LONDON, Nov 8 (Thomson Reuters Foundation) - A North Korean labourer has filed a landmark criminal complaint against a Dutch shipbuilding company that allegedly profited from the abuse of workers in its supply chain in Poland and was aware of the "slave-like conditions", lawyers said on Thursday. A law firm representing the worker - … [Read more...]

Babcock to Close Appledore Shipyard in England as Orders Dry Up

EDINBURGH, Nov 1 (Reuters) - British engineering and defence firm Babcock International said on Thursday it was closing its Appledore shipyard in Devon, a "difficult" decision after orders ran out. Babcock said it hoped to offer all 199 employees at Appledore positions at other Babcock facilities, such as nearby Devonport, which is a British Navy dockyard. The southwest … [Read more...]

DP World to Buy Dubai Maritime City and Drydocks World for $405 Million

DUBAI, Sept 18 (Reuters) - DP World, one of the world's largest port operators, has agreed to buy two fellow state-owned maritime companies from its parent for $405 million. DP World will acquire Dubai Maritime City owner Maritime World for $180 million and Drydocks World for a capital injection of $225 million from Dubai World, the port operator said in a statement on … [Read more...]

Five Killed in Shipyard Fire in Batam, Indonesia

A fire aboard a tanker that was undergoing repairs at ASL Marine's shipyard in Batam, Indonesia killed five people and injured one last Thursday, the shipbuilder has confirmed. The company said the fire occurred on 7 September 2017 on board a tanker a tanker that was being repaired at one of the company's dry docks. Initial investigations indicated that the fire … [Read more...]