Aker Yards said 40.4 percent shareholder STX Corporation has provided it with a $89.7m loan in order to meet a short-term financing deficit.
Aker Yards is in the process of selling a 70 percent stake in three of its Merchant Vessel shipyards to Russian investment firm FLC.
However the deal has been delayed by the Ukrainian competition authorities, and Aker Yards said this has caused a short-term liquidity problem.
Developing offshore wind projects off Sweden's coasts is not commercially viable currently, a government commission tasked…
The keel of the first of five Fleet Support Ships (FSS), being built at Hindustan Shipyard, was recently laid at a ceremony…
Dry bulk contracting falls 70% below average amid low rates.“Over the past three months, dry bulk newbuilding contracting…
The river Mosel in western Germany, an important route for grains and rapeseed shipments, has been closed to inland waterways…
Hapag-Lloyd reduces emissions & costs through Shipshave’s ITCH solution, confirmed by DNV
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For the first time ever, Military Sealift Command is hosting a virtual job fair to reach US Citizens in the Philippines who are interested in a maritime career.
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