Search results for: Dalian

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  • 4 September 2015
    Business & Finance

    China’s Cosco Dalian shipyard has, through arbitration in London, resolved a dispute it had with its client Dalian Deepwater Developer, regarding a contract termination for the construction of a deepwater drillship. The shipyard does not need to make any further payments to its client. To remind, on August 5, 2013, Dalian Deepwater Development served a notice […]

  • 13 January 2016
    Business & Finance

    China Merchants Holdings (International) Company Limited (CMHI) has purchased approximately 1,180 million H-shares of Dalian Port thus becoming the port’s second largest shareholder. The share agreement is worth approximately HKD 4.332 billion ((USD 558 million) or HKD 3.67 per H-share. The subscription shares represent approximately 26.67% of the existing issued share capital of Dalian Port, and approximately […]

  • 20 December 2011

    China National Petroleum Corp. said today that its subsidiary PetroChina began pumping gas into pipeline network from Dalian’s liquefied natural gas terminal, located in Dalian city, Liaoning province. This event marked the start in operations of Dalian LNG terminal. Construction of Dalian LNG project was started in April 2008 and completed in April 2011. The […]

  • 21 September 2015
    Business & Finance

    China’s Shanhaiguan Shipbuilding Industry signed contracts with companies affiliated with Dalian Port Group to build two 1,100 TEU container ships with options for four more, the shipbuilder’s parent company China Shipbuilding Industry Corporation (CSIC) disclosed on September 18. The boxships were ordered by Dalian Jifa Ship Management, a joint venture between Dalian Port Group and Dalian Jifa Bohai Rim Container […]

  • 17 November 2011
    Vessels

    On November 16, Dalian LNG Terminal welcomed its first LNG carrier “Expedient” , indicating that the trial operation of Dalian LNG project is formally commenced. Located in Dalian, Liaoning province, the project covers an area of 216,000 square meters. As China’s only LNG terminal with loading capacity, Dalian LNG terminal also boasts of functions including […]

  • 17 November 2011
    Business & Finance

      On November 16, Dalian LNG Terminal welcomed its first LNG carrier “Expedient” , indicating that the trial operation of Dalian LNG project is formally commenced. Located in Dalian, Liaoning province, the project covers an area of 216,000 square meters. As China’s only LNG terminal with loading capacity, Dalian LNG terminal also boasts of functions […]

  • 19 July 2013

    STX Dalian Shipbuilding Co. will not receive the much needed financial boost from the local government, SinoShip News informs quoting governmental authorities. The restructuring plan of the shipyard remains uncertain since the launching of negotiations between STX Dalian Shipyard’s parent company STX Offshore & Shipbuilding and Dalian municipal government and creditor banks. Rumor has it […]

  • 21 September 2015
    Business & Finance

    China’s Shanhaiguan Shipbuilding Industry signed contracts with companies affiliated with Dalian Port Group to build two 1,100 TEU container ships with options for four more, the shipbuilder’s parent company China Shipbuilding Industry Corporation (CSIC) disclosed on September 18. The boxships were ordered by Dalian Jifa Ship Management, a joint venture between Dalian Port Group and Dalian Jifa Bohai Rim Container […]

  • 17 October 2013
    Business & Finance, Project & Tenders

    The Board of Directors of COSCO Corporation (Singapore) Limited refers to its announcement on 22 July 2010 in relation to the turn-key EPC (Engineering, Procurement and Construction) contract worth more than US$500 million secured by the Company’s subsidiary, COSCO (Dalian) Shipyard Co., Ltd. with Dalian Deepwater Development Ltd to build an advanced and versatile DP3 […]

  • 17 October 2013
    Business & Finance

    The Board of Directors of COSCO Corporation (Singapore) Limited refered to its announcement on 22 July 2010 in relation to the turn-key EPC (Engineering, Procurement and Construction) contract worth more than US$500 million secured by the Company’s subsidiary, COSCO (Dalian) Shipyard with Dalian Deepwater Development Ltd  to build an advanced andversatile DP3 deepwater drillship. The […]

  • 17 October 2013

    The Board of Directors of COSCO Corporation (Singapore) Limited refers to its announcement on 22 July 2010 in relation to the turn-key EPC (Engineering, Procurement and Construction) contract worth more than US$500 million secured by the Company’s subsidiary, COSCO (Dalian) Shipyard Co., Ltd. with Dalian Deepwater Development Ltd to build an advanced and versatile DP3 […]

  • 4 September 2015
    Business & Finance

    Chinese shipbuilder COSCO (Dalian) Shipyard, a subsidiary of COSCO Shipyard Group, should not pay any additional charges regarding the DP3 Deepwater Drillship construction contract, a London court has ruled in an arbitration proceeding. The USD 500 million contract was concluded between COSCO Dalian and Dalian Deepwater Developer Ltd in July 2010, only to be cancelled in October 2013 due to delivery […]

  • 4 August 2017
    Business & Finance

    Dalian Port (PDA) Company Limited revealed that its subsidiary Dalian Container Terminal Company inked deals to acquire the total assets, liabilities, interests, and businesses of two container terminal subsidiaries, Dalian Port Container Terminal (DPCT) and Dalian International Container Terminal (DICT). With this move, PDA intends to further integrate resources, reduce management costs and improve operational efficiency, […]

  • 28 September 2012

    STX Construction Dalian Co.. Ltd in China has recently built a goliath crane, the world’s largest. The goliath crane installed on a dock at the STX Dalian Shipbuilding Complex weighs 1,000-tons and spans 248m, its lifting height is 84m and dead load reaches a whopping 8,300-tons. The goliath crane manufactured as its own model using […]

  • 16 March 2015
    Business & Finance

    Intermediate People’s Court in Dalian has ordered STX (Dalian) Shipyard to enter bankruptcy liquidation on March 13, South Korea’s STX Corporation, the parent company of the bankrupt shipbuilder, said in a stock announcement. Unable to pay off its debts within due dates, STX (Dalian) Shipbuilding, China’s biggest foreign-funded shipbuilder, filed for bankruptcy reorganisation across its six branches in […]

  • 29 June 2015
    Business & Finance

    Dalian Shipbuilding Industry Corporation (DSIC) has secured orders for a total of seven newbuildings from its compatriot China Cosco Group. Namely, Cosco has through its tanker shipping arm Cosco Dalian ordered five 72,000 dwt product tankers and two 319,000 dwt Very Large Crude Carriers (VLCCs), the shipbuilder announced. Neither the value of the deal nor […]

  • 11 November 2011

    COSCO Corporation (Singapore) Limited, its subsidiary COSCO (Dalian) Shipyard Co., Ltd. (“COSCO Dalian”), has delivered a new build 30,000 DWT multipurpose heavy lift carrier KRASZEWSKI to its buyer. The delivery documents were signed by and between COSCO Dalian and the buyer on 25 October 2011. The heavy lift carrier measures 199.8 meters in LOA (length […]

  • 12 September 2011

    Essar Shipping has invested in upgrading and modernizing its fleet and logistics operations. Bracing itself for increased business from outside the Essar Group of companies, it has placed an order for 12 new vessels and two jack-up rigs. At present, Essar Shipping has 27 ships and 13 oil rigs. Disclosing that the purchases would be […]

  • 20 June 2014
    Business & Finance

    The steel has been cut for a 21,000-dwt MC Class module carrier, being built for the Dutch BigRoll Shipping at COSCO (Dalian) Shipyard. According to the shipbuilder, the project further expands the scope of COSCO Dalian’s shipbuilding products, and enhances its share in the domestic high-end and specialist shipbuilding market. The vessel will measure 173 metres […]

  • 31 August 2015
    Business & Finance

    China’s shipping company Dalian Ocean Shipping CO. (COSCO Dalian) is reported to have ordered two Very Large Crude Carriers (VLCCs) at compatriot Dalian COSCO KHI Ship Engineering Co (DACKS). The ships are priced at USD 92 million each, resulting in a total value of the contract of USD 184 million, local media informed citing sources familiar with […]

  • 24 October 2012

    CNPC said in a statement that NO. 3 storage tank of Dalian LNG terminal was successfully put into operation at the first try, marking the overall completion and operation of the first phase of Dalian LNG project. Construction of Dalian LNG terminal was started in 2008 and completed in 2011. With a total investment of […]

  • 25 October 2019
    Business & Finance

    The waiver allows “maintenance or wind down of transactions” and is valid until December 20.