The Great Eastern Shipping Company Ltd. delivered the new building Kamsarmax Dry Bulk Carrier “Jag Aakash” (81,600 dwt) to the buyers. The vessel was contracted for sale in August 2015.
Hanjin Heavy Industries and Construction Philippines (HHIC-Phil), which operates the world's fourth shipbuilding facility in Subic Freeport Zone, unveiled the
Edelweiss Asset Reconstruction Company has taken over management control of Bharati Shipyard, says a report in ET.
Edelweiss now controls 70% of the Indian yard’s debts.
Go Offshore, wholly-owned subsidiary of Otto Marine has entered into an agreement for two long-term anchor handling tug supply (AHTS) charter contracts worth USD25.
A 113-year-old “Boblo Boat” SS Columbia is being towed from Toledo, Ohio to Buffalo, N.Y., where the historic vessel will be docked for the next year for restoration.
As the shipping market continues its prolonged downturn five shipyards have filed for bankruptcy this year, reports SCMP.
China's leading private shipyards