Tongzhou District People’s Court in Nantong officially declared Nantong Mingde Heavy Industry bankrupt on July 31, ending all hopes of restructuring at this financially troubled shipbuilding subsidiary of Jiangsu Sainty Marine Corporation. The court said that Mingde’s request to extend the period fo
Tongzhou District People’s Court in Nantong officially declared Nantong Mingde Heavy Industry bankrupt on July 31, ending all hopes of restructuring at this financially troubled shipbuilding subsidiary of Jiangsu Sainty Marine Corporation. The court said that Mingde’s request to extend the period fo
Egypt Says New Suez Canal Ready for Business New Suez Canal is completed and ready to officially receive its first ships, according to Suez Canal Authority chairman Mohab Mameesh…. Read more Korean Big Three Hit Hard in Q2 South Korean shipbuilding giants Hyundai Heavy Industries (HHI), Daewoo Shipb
Egypt Says New Suez Canal Ready for Business New Suez Canal is completed and ready to officially receive its first ships, according to Suez Canal Authority chairman Mohab Mameesh…. Read more Korean Big Three Hit Hard in Q2 South Korean shipbuilding giants Hyundai Heavy Industries (HHI), Daewoo Shipb
Athens-based owner and operator of tankers and LNG carriers Tsakos Energy Navigation (TEN) has wrapped up its best second quarter in seven years with a flurry of activity, purchasing four new vessels and chartering out five, as well as selling one suezmax and one handymax tanker. TEN bought two suez
Athens-based owner and operator of tankers and LNG carriers Tsakos Energy Navigation (TEN) has wrapped up its best second quarter in seven years with a flurry of activity, purchasing four new vessels and chartering out five, as well as selling one suezmax and one handymax tanker. TEN bought two suez
Singapore-based Cosco Corporation Limited, an investment holding company engaged in ship building, marine engineering and dry bulk shipping, reported USD 4.8 million net loss in the second quarter of 2015, due to a slide in shipyard and shipping revenues. Turnover from shipyard operations decreased
Singapore-based Cosco Corporation Limited, an investment holding company engaged in ship building, marine engineering and dry bulk shipping, reported USD 4.8 million net loss in the second quarter of 2015, due to a slide in shipyard and shipping revenues. Turnover from shipyard operations decreased
Spanish shipbuilder Navantia has inked a deal with its compatriot shipping company Ondimar Transportes Marítimos LDA, a subsidiary of the Ibaizabal group, to build four Suezmax tankers, including an option for two more. Spanish owner inked an agreement in principle with Navantia for the order in May
Spanish shipbuilder Navantia has inked a deal with its compatriot shipping company Ondimar Transportes Marítimos LDA, a subsidiary of the Ibaizabal group, to build four Suezmax tankers, including an option for two more. Spanish owner inked an agreement in principle with Navantia for the order in May
Tokyo-based Mitsubishi Heavy Industries (MHI) saw a hike in its shipbuilding generated profit for the first quarter of the 2016 financial year which covered the three months from April to June 2015. The company’s commercial aviation and transportation systems unit, including shipbuilding, posted a 1
Tokyo-based Mitsubishi Heavy Industries (MHI) saw a hike in its shipbuilding generated profit for the first quarter of the 2016 financial year which covered the three months from April to June 2015. The company’s commercial aviation and transportation systems unit, including shipbuilding, posted a 1
Korean shipyard Samsung Heavy Industries (SHI) held a steel cutting ceremony for the third ship ordered by Russian shipping company PAO Sovcomflot within the 42K Arctic Shuttle Tanker project. The project comprises of a series of six oil tankers intended for oil transportation from Novoportovskoye f
Korean shipyard Samsung Heavy Industries (SHI) held a steel cutting ceremony for the third ship ordered by Russian shipping company PAO Sovcomflot within the 42K Arctic Shuttle Tanker project. The project comprises of a series of six oil tankers intended for oil transportation from Novoportovskoye f
