Shipbuilding
Wadan to win icebreakers
Norilsk Nickel, Russia's largest mining company, is close to ordering two high-value icebreaking tankers and a large icebreaker at Germany's struggling Wadan Yards. The deal, worth an estimated EUR 350m ($461m), is being lined up by Wadan Yard's R...
2009-04-13 06:40:55
The worst is over
"The worst of the shipbuilding market is over," said Jiangsu Rongsheng Heavy Industries chairman and president Chen Qiang. He adds that newbuilding enquires have resumed but at a slower pace and in smaller numbers. He believes it will take mor...
2009-04-12 07:53:54
Newcomer stars Power Sale
A Chinese shipbuilder is hoping to attract capesize orders with delivery in 2011. A new Chinese shipyard is attempting to win newbuilding contracts in a dead market by selling ships at heavily discounted prices. Jiangsu-based People Heavy Industry...
2009-04-11 12:25:53
Survival competition ongoing
The competition between the top three shipbuilding countries, namely South Korea, China and Japan is expected to get fiercer going forward as shipbuilding bubble busted following the global financial crisis. In last summer, newbuilding contracts s...
2009-04-10 16:12:46
Work to begin on building ships at Techport Australia
South Australian Premier Mike Rann says a further 140 workers required for the massive task of building the three ships under the $8 billion Air Warfare Destroyer contract will be recruited between now and the end of this year. Mr Rann revealed AS...
2009-04-10 07:53:27
Kanasashi orderbook amounts to 25 ships
It is believed that the cash-strapped Kanasashi Heavy Industries of Japan currently has an orderbook of about 25 newbuildings, comprising around 10 units of 12,000-dwt 'tween-deckers (nearseas vessels) and more than 10 Handysize bulkers centering on ...
2009-04-10 07:41:38
Boxship orderbook shrinks to all-time low
The backlog of newbuilding orders for containerships has now sunk to the lowest level in 18 months, according to a survey by AXS-Alphaliner, a French maritime consultant. The slump reflects liner operators' reluctance to order newbuildings amid s...
2009-04-10 07:34:42
Erie Shipbuilding still working
Two months after Erie Shipbuilding in Erie, Pa., reportedly laid off its 100 employees and closed its doors, work at the yard is continuing--though at a low level. GoErie.com says that "while the company struggles to get financing to fund a massiv...
2009-04-10 07:14:02
Post-pax boxship cancellations to rise
Owners of post-panamax containership newbuildings at Asian shipyards may choose to walk away from orders due for delivery in 2010 and beyond, and forego first instalments already paid, DVB Group said in its Post Panamax Container Vessel Market Outloo...
2009-04-10 06:57:06
Big brothers’ survival strategies
Amid newbuilding order drought, major shipbuilders are weathering the crisis with differentiated strategies. Hyundai Heavy Industries recently completed the world’s first FPSO-dedicated dock, called ‘H Dock’. It invested a total of KRW 1...
2009-04-10 06:17:08
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