South Korea earmarks $9.8bn to drive shipbuilding orders 

The South Korean government is prepared to spend KRW11.2trn ($9.8bn) by 2020 by placing shipbuilding orders…

Japan’s Mitsubishi Heavy Industries considering shipbuilding options

Mitsubishi Heavy Industries Ltd. is considering options for its shipbuilding business to reduce costs as persistently…

Japan’s Kawasaki Heavy Industries considers pulling out of shipbuilding

Japan’s Kawasaki Heavy Industries Ltd said it would consider a drastic revision of its shipbuilding business…

Privinvest forms joint venture for shipbuilding, maritime investment in Angola

Middle East’s major shipbuilding group, Privinvest, has announced a major shipbuilding and maritime economy investment programme…

Korean banks hit hard by shipbuilding woes

After South Korea launched a KRW 11 trillion (USD 9.5 billion) worth fund for state-run banks,…

World shipbuilding overcapacity still at 50%: Stopford

World shipbuilding capacity is still about 50% more than the level required to meet typical annual…