Shipbuilding
Fears grow over troubled yards
Owners who ordered ships at three bankrupt or financially troubled South Korean shipyards await further news about the future of their newbuildings under construction. One yard was targeted for liquidation after creditors completed a second round of ...
2009-04-01 08:01:37
StealthGas delays newbuilding deliveries
StealthGas is the latest in a long line of owners to delay newbuilding deliveries as a quintet is held back. The Harry Vafias-led owner also announced it has had some ships controlled by a defaulting charterer arrested after an LPG unit was handed...
2009-04-01 07:21:11
Orders to resume at year-end
Newbuilding orders will come only at the end of this year, said Tomokazu Taniguchi, president of Kawasaki Shipbuilding of Japan, in an interview with Nihon Keizai Shimbun recently. The gist of the interview on the prospects for shipbuilding indust...
2009-04-01 06:38:27
Industrial park to house shipbuilding
The management board of Van Phong Economic Zone in the central coastal province of Khanh Hoa has granted the investment licence for establishing the Nam Cam Ranh Industrial Park in the centeral coastal province of Khanh Hoa. The Nha Trang Shipbuildin...
2009-03-31 15:59:17
China rising
Overview on the Adjustment and Revitalization Plans of Chinese Shipbuilding Industry issued by Chinese government in February, 2009 to supporting Chinese shipping industry: Government encourages the financial organizations to increase credit funds fo...
2009-03-31 15:41:18
Daewoo delivered 14,000TEU
Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea on March 26th held a naming ceremony for the world’s largest 14,000-teu containership. At the ceremony participated DSME vice president Ki Won-gang, MSC Israel president Edni Simkin ...
2009-03-31 11:38:32
Turkish wins LPG ship quartet
Turkish shipyard Besiktas Gemi Insaa Sanayi has sealed a EUR 60m ($79m) deal for four LPG ships. The contract with Italy’s Gas and Heat will see the 3,360-cbm vessels delivered from early 2010, local media reported. The ships will be built at th...
2009-03-31 07:46:43
Orders down 85% at Hyundai
Hyundai Heavy Industries, the world’s largest shipbuilder, said orders in the first two months of this year fell 85 percent as a global economic recession cut the need for new vessels. Contracts, including those for marine engines and offshore ...
2009-03-31 07:30:48
2nd round, ‘Below expectations’
Woori Investment & Securities in Seoul, South Korea said on March 30th that the result of second restructuring of shipbuilding industry is well below the market expectations and, accordingly, further reshuffling is inevitable. Creditor banks announce...
2009-03-31 06:29:58
COSCO Shipyard develops two tanker models
China's COSCO Shipyard Group has developed a 113,000-dwt Aframax tanker model and a 74,000-dwt chemical/product tanker model. According to information reaching from abroad, the company has developed the two models in cooperation with South Korean des...
2009-03-30 07:15:33
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