Hengfu Shipbuilding, the largest shipyard in Ningbo, China, until its bankruptcy in 2011, is to resume operations after it was acquired by Ningbo Shangchen Investment Company, according to local media. Ningbo Shangchen bought the assets of Hengfu Shipbuilding in auction for around CNY 275 million (U
Hengfu Shipbuilding, the largest shipyard in Ningbo, China, until its bankruptcy in 2011, is to resume operations after it was acquired by Ningbo Shangchen Investment Company, according to local media. Ningbo Shangchen bought the assets of Hengfu Shipbuilding in auction for around CNY 275 million (U
Update 2: Tianjin Port Disaster Claims 112 Lives, 95 Missing Rescue crews have found 112 bodies, with 95 people still missing, 85 of whom are firefighters, after two huge explosions leveled parts of the industrial area of China’s Port of Tianjin where dangerous chemicals and goods are stored late We
Update 2: Tianjin Port Disaster Claims 112 Lives, 95 Missing Rescue crews have found 112 bodies, with 95 people still missing, 85 of whom are firefighters, after two huge explosions leveled parts of the industrial area of China’s Port of Tianjin where dangerous chemicals and goods are stored late We
Shipbuilding conglomerate Daewoo Shipbuilding and Marine Engineering (DSME) is facing a lawsuit on the grounds of an alleged fraud against individual investors. Namely, South Korean law firm Hannuri Law has revealed plans to file a joint lawsuit in September against the shipbuilder and Deloitte Anji
Shipbuilding conglomerate Daewoo Shipbuilding and Marine Engineering (DSME) is facing a lawsuit on the grounds of an alleged fraud against individual investors. Namely, South Korean law firm Hannuri Law has revealed plans to file a joint lawsuit in September against the shipbuilder and Deloitte Anji
JES International Holdings Limited informed that it has ceased operations and production of its existing business. The group added that it was currently maintaining a skeletal staff (comprising of key executive officers, as well as key administrative and finance personnel and security) to run the gr
JES International Holdings Limited informed that it has ceased operations and production of its existing business. The group added that it was currently maintaining a skeletal staff (comprising of key executive officers, as well as key administrative and finance personnel and security) to run the gr
The depressed dry bulk shipping market has seen a modest recovery since the beginning of the year, spurred by a push for demolition of older tonnage and a slowdown in ordering new tonnage. Namely, a total of 283 ships were sent for scrap this year, totaling 21.8 million dwt, thus marking a 157% incr
The depressed dry bulk shipping market has seen a modest recovery since the beginning of the year, spurred by a push for demolition of older tonnage and a slowdown in ordering new tonnage. Namely, a total of 283 ships were sent for scrap this year, totaling 21.8 million dwt, thus marking a 157% incr
The Export-Import Bank of China has signed a $ 690 million ship buyer credit agreement with the United Kingdom BCAP Investment Holdings Corporation intended for financing the company’s order of ten 10,000 TEU container ships at Chinese shipyard in Zhejiang, Jinhai Heavy Industry Co., Ltd. Under the
The Export-Import Bank of China has signed a $ 690 million ship buyer credit agreement with the United Kingdom BCAP Investment Holdings Corporation intended for financing the company’s order of ten 10,000 TEU container ships at Chinese shipyard in Zhejiang, Jinhai Heavy Industry Co., Ltd. Under the
Marine and fire safety equipment and servicing provider VIKING Life-Saving Equipment A/S has acquired lifeboat specialist Nadiro A/S, a company owned by maritime and energy conglomerate Maersk Group and SH Group. Established in 2009, Svendborg, Denmark-based Nadiro manufactures high-quality lifeboat
Marine and fire safety equipment and servicing provider VIKING Life-Saving Equipment A/S has acquired lifeboat specialist Nadiro A/S, a company owned by maritime and energy conglomerate Maersk Group and SH Group. Established in 2009, Svendborg, Denmark-based Nadiro manufactures high-quality lifeboat
