Rainbow Heavy Industries to shut down Shanghai-based subsidiary

China’s Jiangsu Rainbow Heavy Industries (RHI) will shut its offshore design subsidiary Shanghai Ouwei...

Sino-Global Sets Up New Subsidiary to Target US Market

Virginia shipping agency, logistics and ship management services company Sino-Global Shipping America has set up a...

CSSC subsidiary yard extends halt to shares trading

The suspension to the shares trading of loss-making CSSC Steel Structure Engineering Co has been further extended pending its ongoing assets restructuring, its parent firm China State Shipbuilding Corporation (CSSC) updated. ...

Coastal Contracts subsidiary claiming $5.65m in arbitration case

inA subsidiary of Malaysia’s Coastal Contracts is claiming $5.65m from China’s Yantai CIMC Raffles...

Coastal Contracts subsidiary claiming $5.65m in arbitration case

A subsidiary of Malaysia’s Coastal Contracts is claiming $5.65m from China’s Yantai CIMC Raffles Offshore and Dynamic Driller over delays and technical non-conformities of a newly-built jack-up drilling rig. ...

Zhuhai Port Brings in New Investors to Support Energy Subsidiary

Zhuhai Port has announced that it has brought in three new strategic investors for subsidiary Zhuhai Gangsheng New Energy Company.

Sembmarine subsidiary bags $1bn EPC contract

Sembcorp Marine subsidiary SMOE has bagged a engineering, procurement and construction (EPC) contract worth over $1bn from Maersk Oil North Sea UK. ...