According to a Jan. 21 report from Reuters, Korea Development Bank (KDB) has ended talks to sell a majority stake in Daewoo Shipbuilding, worth an estimated $5b, to South Korea's Hanwha Group on differences over financial terms.
(Source: Reuters)
Century adds a 7th luxury river cruise ship, 'Century Legend' to its Yangtze fleet. The new 398-passenger Century Legend is a sister ship to the Century Paragon,
Norway's SinOceanic Shipping ASA facilitates newbuilding orders for 10 x 8,800 TEU containerships at Jinhai Heavy Industries. On behalf of foreign interests,
COSCO Corporation (Singapore) subsidiariary shipbuilder in China has delivered two bulk carriers. COSCO (Zhoushan) Shipyard has delivered the 189.99 meters LOA and 32.