Private equity company Cerberus Capital Management and South Korea’s HD Hyundai Heavy Industries have entered into an agreement on the lease of the Cerberus-owned Agila Subic Shipyard at the US Naval Base in the Philippines. Hyundai Heavy Industries,…

Thordon Bearings has secured a major contract from an unnamed Panama-based company for the conversion of the rubber tail shaft bearings of its entire fleet of tugs, pilot vessels and workboats that operate on the Panama Canal to water-lubricated…

South Korea’s LNG carrier operator Hyundai LNG Shipping has signed a Favoured Customer Contract (FCC), otherwise known as a fleet repair deal, with Singapore’s ship repair giant Seatrium. The FCC calls for the repair, upgrading and maintenance of…

There are only a handful of ship repairers around the world that have the skills and facilities to successfully undertake the drydocking and repair and maintenance of technically advanced LNG carriers. One of these yards is Qatar Shipyard, based in…