Bankrupt shipyard Zhejiang Shipbuilding is looking to sell 11 unfinished OSVs en bloc through an online auction scheduled on November 20. The 11 vessels include eight AHTS vessels, two PSVs and one IMR vessel. The starting price for all the vessels in the auction is RMB208m ($29.5m). The new buyers...
https://splash247.com/zhejiang-shipbuilding-to-sell-11-unfinished-osvs/
China’s State-owned Assets Supervision and Administration Commission (SASAC), the major controller of state-owned enterprises, has made a decision to transfer 10% equity shares of Cosco Shipping Group to the country’s Social Security Fund for free. Following the completion of the transfer deal,...
https://splash247.com/sasac-transfers-10-stake-in-cosco-to-pension-fund/
Chinese state-run shipping group Guangdong Province Navigation Group (GNG) has signed share transfer agreements with the shareholders of Guangdong Shuangtai Transportation for the acquisition of up to 90.6% equity shares in the company. Shuangtai Transportation mainly operates passenger and cargo...
https://splash247.com/gng-acquires-shuangtai-transportation/
Fujian Yonghang Shipping has placed an order at Fujian Lixin Shipyard for the construction of a 22,500 dwt handy bulker. The vessel is expected to be deployed for domestic shipping operations upon delivery in 2020. Lixin Shipyard mainly builds fishing vessels and small cargo vessels, and the bulker...
https://splash247.com/fujian-yonghang-shipping-orders-handy-bulker-at-lixin-shipyard/
Navibulgar, Bulgaria’s largest shipping company, has placed newbuilding orders at China’s Yangzijiang Shipbuilding for the construction of up to six 31,800 dwt great lake bulk carriers. The contracts include firm orders for four ships and options for another two. The ships, which will meet the...
https://splash247.com/navibulgar-orders-six-great-lake-bulkers-at-yangzijiang/
China Securities Regulatory Commission (CSRC) has announced sanctions on six individuals for insider trading of Ningbo Marine shares prior to a major restructuring of the company. According to the announcement, three senior officials from Ningbo Marine’s parent Zhejiang Energy Group and affiliate...
https://splash247.com/senior-officials-sanctioned-for-insider-trading-of-ningbo-marine-shares/
A crew member was killed in an explosion incident onboard the 2014-built bulker on Monday. The incident happened when the vessel sailing in Indonesian waters to Australia. The vessel’s crew requested medical assistance from Indonesia’s National Search and Rescue Agency (Basarnas) as one crew was...
https://splash247.com/explosion-onboard-u-ming-bulker-kills-one/
Chinese dry bulk operator Ningbo Marine plans to purchase a secondhand handysize bulker for its subsidiary Zheneng Tongli Shipping. The company said the subsidiary’s only owned vessel, 1986-built handy bulker Fu Xing 16, will be sent to scrap in December and the acquisition will help the subsidiary...
https://splash247.com/ningbo-marine-eyes-secondhand-bulker-purchase/
Taiwanese bulker owner Wisdom Marine has approved a plan to order two 82,300 dwt kamsarmax bulk carriers at Tsuneishi Zhoushan shipyard. The price for each ship is $33m, and other details of the deal were not disclosed. Wisdom Marine is currently in the middle of a fleet optimisation programme,...
https://splash247.com/wisdom-marine-orders-kamsarmax-pair-at-tsuneishi-zhoushan/
Taiwanese owner Franbo Lines has announced the acquisition of 2008-built 28,361 dwt handy bulker from Danish company ID Shipping, confirming a report by Splash about the deal earlier this month. The Japanese-built vessel was sold to Franbo for a price of $7.88m. MSI values the vessel at while...
https://splash247.com/franbo-lines-confirms-bulker-acquisition/