Mitsubishi Heavy to Restructure Its Shipbuilding Business?

Japan’s Mitsubishi Heavy Industries (MHI) is considering to restructure its shipbuilding activities and enter local partnerships due to a low demand for new ships, Bloomberg reports.

Clarksons: Contracting Activity Drops to 30-Year Low

The previous year was very weak for newbuild ordering as contracting activity fell to its lowest level in over 30 years in numerical and tonnage terms, according to Clarkson Research.

DSME Enters Shipbuilding Deal with Iran

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) and Industrial Development and Renovation Organization of Iran (IDRO) have agreed a mutual cooperation related to the Iranian shipbuilding industry.

Diana Shipping Gets Full Refund for Cancelled Bulker

Greek dry bulk ship owner Diana Shipping has received a full refund payment in the amount of USD 9.4 million following the cancellation of the shipbuilding contract for a Kamsarmax dry bulk carrier.

China Cosco Shipping Pools Shipbuilding Assets

China Cosco Shipping Group has integrated all of its shipbuilding assets into one unit – Cosco Shipping Heavy Industry (CSHI).

EIB, Societe Generale Support Green Maritime Transport Plan

European Investment Bank (EIB) and Societe Generale Corporate & Investment Banking signed a framework guarantee agreement for EUR 150 million (USD 163 million) to support shipbuilding projects promoting sustainable transport and environmental protection.

GulfNav to Sign Shipbuilding Contracts

Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) said that it plans to enter into shipbuilding contracts on October 25 through its subsidiary GNH Maritime Ship Management & Operations LLC.