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Scorpio Bulkers Gets Loan for Kamsarmax
Monaco-based international shipping company Scorpio Bulkers said it has received a commitment for a loan facility of up to $12.75 million from a leading European…
Scorpio Bulkers Losses Narrow
Monaco-based dry bulk commodities shipping company Scorpio Bulkers reported a significantly narrowed fourth-quarter loss as it cut expenses and doubled revenue.
Scorpio Bulkers Acquires Four Vessels
Scorpio Bulkers, announced that it has entered into two separate agreements with unaffiliated third parties to acquire three Ultramax dry bulk vessels and one Kamsarmax dry bulk vessel.
Navibulgar Orders Up to Six Bulkers
Bulgarian ship owner Navigation Maritime Bulgare (Navibulgar) confirmed the building of another two high-efficiency up-to-date 45000t bulk carriers. This deal is…
Yangzijiang Shipbuilding Q2 Profit Surges 73%
China’s Yangzijiang Shipbuilding Holdings reported a 73 percent increase in second-quarter net profit, helped by higher revenue from the construction of larger-size vessels, Reuters reported.
Yangzijiang Bags Newbuild Orders Worth $133 Mln
China’s Yangzijiang Shipbuilding has won six shipbuilding contracts worth a total of $133m during the second quarter of this year, Business Times reported. Three of these orders for 1…
Yangzijiang Shipbuilding to Slash 2,000 More Jobs
Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up…
Singapore's SembMarine to Take Full Control of PPL Shipyard
Singaporean rig builder Sembcorp Marine Ltd said it had agreed to buy the 15 percent of PPL Shipyard Pte Ltd it did not already own for about $115 million from PPL…
Yangzijiang Bags Orders for Six VLOCs
China’s biggest private shipbuilder Yangzijiang Shipbuilding Holdings Ltd has won orders for six dry bulk carriers worth a combined US$510 million. The 400,000 DWT…
Chinese Shippers Order for 30 Valemax Vessels
The Chinese shipping companies - Chinese shipping majors Cosco Group, China Merchants Group and ICBC Financial Leasing Co- ordered 30 Valemaxes worth a combined…
Paragon Sells Ships, Defer Deliveries
The dry bulk operator Paragon Shipping has reached an agreement with its creditors to liquidate its remaining fleet in order to settle one of its debt obligations.
Euroseas Gets Newbuild Bulker
Euroseas Ltd, a Greece-based shipping company, took delivery of its newbuilding Kamsarmax dry bulk carrier Xenia and entered into a two-year time charter for its container carrier Evridiki G.
Chinese Shipyards Sails in Rough Seas
Shipbuilders in China will continue facing rough weather. According to a report in Bloomberg, new orders received by Chinese shipbuilders fell by nearly half last year from 2014…
Yangzijiang Secures Two VLGC Orders
The Singapore-listed and China-based shipbuilder Yangzijiang Shipbuilding has secured new orders worth $730m, including two very large gas carriers, between September and October.
China Huarong in Distress
China Huarong Energy Co, formerly known as China Rongsheng Heavy Industries, said in a regulatory filing that a memorandum of understanding on the disposal of assets to an unnamed buyer has expired.
Yangzijiang Shipbuilding in Early Talks on Rongsheng Investment
China's Yangzijiang Shipbuilding Holdings Ltd is considering a possible investment in troubled peer China Huarong Energy Co Ltd , formerly known as China Rongsheng…
China Rongsheng to Sell Shipbuilding Business
China Rongsheng Heavy Industries (RSHI) has entered into a memorandum of understanding (MoU) with an undisclosed third party Chinese investor to sell its onshore…
Yangzijiang Diversifies into LNG Vessel Buildiing
Yangzijiang Shipbuilding (Holdings) Limited “Yangzijiang” or “the Group” one of PRC’s leading and most enterprising shipbuilder listed on the SGX Main Board, is…
Shipbuilding: Yangzijiang bags 13 New Orders
Singapore-listed Chinese shipbuilder Yangzijiang Shipbuilding (Holdings) announced that it had entered into 13 new shipbuilding orders in the fourth quarter of last year…
Chinese Leaders Visit Yangzijiang Shipyard
Yangzijiang Shipbuilding Holdings Limited announced that yesterday was a “momentous” for the group, as senior Chinese officials paid visit to Yangzijiang’s shipyard and the group’s chairman received the Outstanding Entrepreneur Award by the Chinese Enterprises Association. On the morning of June 18, Vice-premier of China’s state council, Ma Kai, and Minister of Industry and Information Technology Miao Wei visited the Group’s Jiangsu New Yangzi yard together with national departments…