He, however, said the situation has since changed, with the shipyard now generating revenue and reinvesting the funds into the acquisition of modern equipment and infrastructure development.
Nordic AmericanTankers has firmed up its move into new steel, signing contracts for two suezmax newbuildings in South Korea as the New York-listed owner continues to reshape its fleet ... The order comes alongside fresh disposals ... .
Turkey’s Aygaz is making its first move into the very large gas carrier space, signing a $119m newbuilding contract with South Korea’s HD Hyundai Samho ... The announcement was made only after a binding agreement was reached ... .