By MarEx 2015-09-02 14:14:05 Hyundai Heavy Industries (HHI), South Korea’s leading shipbuilder, may expand its presence in India, Asia’s third-largest economy. The Indian Ministry of Defense is ...
Hyundai Heavy Industries Nears Shipbuilding Deal
Greek coast guard arrests Libya weapons ship
Greece's coast guard has detained a Bolivian-flagged general cargo ship found loaded with undeclared weapons bound for Libya. The vessel was seized on 1 September near the port of Ierapetra on the ...
Austal profits up 66.8%
Australia-based ship builder Austal Limited announced a record net profit of AUD53.2 million (USD37.4 million), up 66.8% on FY14 NPAT of AUD31.9 million, last week. It is the company's best result in ...
Austal profit up 66.8%
Australia-based ship builder Austal Limited announced a record net profit of AUD53.2 million (USD37.4 million), up 66.8% on FY14 NPAT of AUD31.9 million, last week. It is the company's best result in ...
Drop in Newcastle coal ship arrivals
A drop in ships destined for the world's biggest coal port of Newcastle has this week sparked concerns that the tide has turned for Australian coal - and beyond. The Newcastle Port Authority reported ...
MacGregor to cut 100 in its German Hatlapa unit
In response to "weak market demand due to the low oil price and low number of new merchant ship orders", MacGregor will reduce its workforce by 100 at its MacGregor Hatlapa subsidiary in Uetersen, ...
Singapore becomes a venue to settle maritime disputes
Singapore has signed a joint declaration with International Tribunal for the Law of the Sea (ITLOS) in allowing the Republic as a venue for settling maritime disputes. The declaration was inked by Ng ...
Samsung HI to assist Sungdong’s rehabilitation
Samsung Heavy Industries (SHI) has acceded to the Export-Import Bank of Korea's request to assist Sungdong Shipbuilding's rehabilitation. The three parties signed an agreement on 31 August that will ...
Tankers to gain from ASEAN oil demand
Southeast Asia's increasing energy demand means both crude oil and oil product trade is expected to grow, providing support for tankers. Italian shipbroker Banchero Costa noted that Indonesia is the ...
Zhejiang Zhenghe Shipbuilding workers on strike for salary arrears
Workers from Zhejiang Zhenghe Shipbuilding went on strike at the entrance of the shipyard on 1 September. The shipyard sent a text message to its workers at around 10 pm on 31 August, informing them ...