Month: June 2009

Three non-life insurance companies which are creditors of Jinse Shipbuilding of South Korea are requesting another creditor banks to delay collecting debts but the banks are refusing to do so. Meritz Fire…

Taizhou Sanfu Ship Engineering is set to begin talks with owners who have requested lower contract prices for bulk carriers already on order. The privately-owned Chinese shipyard said that it had received…

Despite the collapse in the newbuilding market, state-owned Chinese shipbuilder China State Shipbuilding Corporation (CSSC) is planning to invest up to Yuan10bn ($1.5bn) to build a shipyard in Zhongshan , Guangdong province.…