Tag: shipyards

Following the latest updates concerning Chinese ports, the Korean Register issued new updates concerning Chinese ports and shipyards, keeping in mind that the mainland China is facing many challenges due to COVID-19 and the shipping industry has to be cautious.

Following the coronavirus outbreak, major shipyards in China have started operations, however some of the largest private shipyards in the region still remain closed, according to the news agency Xinhua. In light of the situation, delivery delays are expected even from the most vital shipbuilders.

A shipyard worker died as he was working on a newbuilding vessel at the Fukuoka Shipbuilding in Japan. According to reports, the worker had been injured while cleaning the ship’s cargo tank, and later succumbed to the injuries.

Grand Bahama Shipyard announced that it has officially resumed operations and welcomed back its first commercial vessel. This would be the 57,062-ton Agathonissos owned by Greece-based Eletson, which returned to the yard on September 11 to finalize repair work that started before Hurricane Dorian arrived in the Bahamas earlier this month.

Beijing-based China CAMC Engineering announced the signing of a USD 211 million contract to expand the Thilawa Shipyard in Myanmar, formerly known as Burma, Monday. CAMCE will build a dry dock with capacity 40,000 tons and supporting facilities over the next six years.

The Government of Canada announced it has made amendments to the invitation to qualify (ITQ) for a third National Shipbuilding Strategy shipyard, correcting an inconsistency in the vessel dimensions that shipyards’ must be capable of building and launching.

Ireland's historic shipyard Harland and Wolff, which is known for building Titanic, is about to go into bankruptcy, ending a shipbuilding tradition of centuries in Belfast. The Irish shipbuilder, which dates back to 1861, filed for insolvency at the High Court in Belfast.

In Palermo, Italy, ALE finalized the lengthening of two ships to make them the longest cruise ships in the world. The Grimaldi Roma and Grimaldi Barcelona operate on the busy Civitavecchia-Barcelona route and the lengthening has increased the capacity on both ships.

As the NGO Shipbreaking Platform informed via its twitter account, three workers lost their lives and at least six were injured because of a toxic gas leak at a shipbreaking yard in Chattogram, Bangladesh. The incident took place on July 31, at the shipbreaking yard of MAK Corporation.

Chatsworth, US-based investment banking firm, is collaborating with Onex Elefsis Shipyards on investment of about USD 400 million in financially-distressed Elefsina Shipyards. The agreement for the partnership was decided on July 9, between the two companies. Now, Chatsworth Securities became the stakeholder of the shipyard and is also the exclusive investment bank for the company's capital needs.