Hyundai Heavy Industries Group said Monday its mainstay shipbuilding business swung to the black in the third quarter, thanks to increased sales of high-value vessels like liquefied natural gas carriers and a weak Korean won. Net profit of Korea Shipbuilding & Offshore Engineering Co. (KSOE), a...
https://www.hellenicshippingnews.com/hyundai-heavys-shipbuilding-business-swings-to-black-in-q3/
Following China’s approval for the merger of two shipping giants over the weekend, industry watchers said on Oct. 28 it has increased the odds for Hyundai Heavy Industries’ acquisition plan. China’s state-owned Assets Supervision and Administration Commission gave its green light on Oct. 25 to the...
Hafnia and CSSC have taken delivery of Hafnia Beijing, the fourth unit in a series of six LR1 vessels.
https://worldmaritimenews.com/archives/285502/hafnia-fourth-lr1-newbuild-delivered/
MySTAR will be the name of the new LNG-powered shuttle vessel being built for Estonian Tallink Grupp.
https://worldmaritimenews.com/archives/285463/tallink-unveils-name-of-new-dual-fuel-shuttle-vessel/
K Line would construct and charter a new woodchip carrier to Nippon Paper Industries from 2022.
The 22,000 cbm newbuild was initially ordered by Odfjell Gas Carriers.
Rumor has it that the Pacific Century is upon us. You would never know that to look at the shipbuilding industry on the U.S. West Coast. Despite the vast volume of trade between Asia and America, and the increasing U.S. naval presence in the Pacific, shipbuilding on the coast has gradually dwindled...
China has given the go-ahead to the merger plan of its two largest shipbuilders, the country’s top state-owned asset regulator said. Approved by the State Council, China Shipbuilding Industry Corporation and China State Shipbuilding Corporation Limited will implement a joint reorganization,...
https://www.hellenicshippingnews.com/china-greenlights-merger-plan-of-two-shipbuilding-giants/
China’s cabinet has approved a merger of the country’s two largest shipbuilders, China State Shipbuilding Corp (CSSC) and China Shipbuilding Industry Co (CSIC), the country’s state asset regulator said on Friday. The companies’ products range from aircraft carriers to commercial ships that carry...
China has given the green light to a merger of the country’s two shipbuilding majors, Reuters reported.
https://worldmaritimenews.com/archives/285362/chinese-shipbuilding-majors-win-approval-for-merger/