Shipbuilding
2010: Chinese shuffling?
Hit by global financial crisis, Chinese shipbuilding industry performed like a ‘Paper Tiger’. But so far, no bankruptcy occurred among Chinese large shipbuilders. Nobody believed that attributed to strong power of Chinese shipyards since the ...
2010-05-20 01:05:29
Rongsheng signs ten Pax.
Minsheng Financial Leasing ordered ten 76,000-dwt Panamax bulk carriers with Jiangsu Rongsheng Heavy Industries Group, totaling CNY2.5bn ($368m). The contract was signed on May 18th in Shanghai China. The construction has been started as soon ...
2010-05-20 01:04:14
India's "new order at home" policy ?
Domestic yards stand a greater chance of winning orders from Shipping Corp of India (SCI) following a change in the company’s tendering policy. The state-owned player is inviting offers for two 315,000-dwt VLCCs, with an option for two more, an...
2010-05-19 07:47:55
China takes 37.8% of global orders
New orders at Chinese shipyards soared in the first four months this year to 12.8m dwt from 980,000 dwt in the same period last year, the Chinese Ministry Industry and Information Technology said. The new orders accounted for 37.8% of the global ...
2010-05-19 07:31:19
German yards attack Asian rivals
German shipbuilders have sharply criticised rivals from Korea and China and accused them of price dumping. “We are in cut-throat competition with our Asian competitors,” said Werner Lundt, managing director of the German shipbuilders’ assoc...
2010-05-19 07:28:35
Aker Phil delivers 9th PC
Aker Philadelphia Shipyard, a leading U.S. commercial shipyard, delivered its ninth Veteran Class MT-46 product tanker on Friday to American Shipping Company. The 46,000 dwt vessel, named the Overseas Martinez, will leave the shipyard soon under ...
2010-05-19 07:20:22
Jiangsu newbuild output jumps 82%
According to statistics from Jiangsu Provincial Government, the newbuilding output of Jiangsu reached 99 ships of 5.93m dwt in previous four months, rising by 82.4% on year-on-year basis. It occupied 12.4% and 31.8% of global and domestic market resp...
2010-05-19 01:34:06
COSCO eyes cost-cutting
COSCO Zhoushan Shipyard has taken several measures to control cost for more profits since the beginning of 2010. So far the job seems excellent. The industrial output value of COSCO Zhoushan Shipyard during January to April reached over CNY1.3bn (...
2010-05-19 01:32:53
Longxue wins 82K BC pair
Coal trading and shipping company China Qinfa Group has contracted CSSC Guangzhou Longxue Shipbuilding, an offshoot of state-owned China State Shipbuilding Corp, to build two 82,000 dwt post-panamax bulk carriers at a total cost of $69m. The two ...
2010-05-18 08:20:12
Seko launches hope for survival
Korean shipbuilder Seko Heavy Industries successfully launched a 34,000-dwt bulk carrier (Hull No. S1003) at 04:00 AM on May 16th. The ship is the first of the handysize series ordered by Germany's Carsten Rehder, established in 1903. After out...
2010-05-18 06:47:32
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