Shipbuilding
Daewoo CEO faces Do-or-Die Mission
Nam Sang-tae, CEO of Daewoo Shipbuilding & Marine Engineering (DSME), faces a do-or-die mission of sorts. Last week, Nam got another term from the company board, keeping him in his current post until 2011. But analysts and industry watchers say th...
2009-02-24 07:53:02
Bangladesh: Shipbuilding as bright spot
Commerce Minister Faruk Khan said recently that the shipbuilding sector emerged as a new bright spot for Bangladesh with broad prospects for growth. Describing the government as business-friendly, the minister assured businessmen of "all-out support"...
2009-02-24 07:38:13
Spain's Galician shipyards buck the crisis
Shipyards in Spain's Galicia region are defying the global financial crisis, creating hundreds of new jobs as order books fill up, largely by switching to the production of specialised high-technology vessels. VIGO - "We are going through a good peri...
2009-02-24 07:33:02
Vinashin sees net revenue to rise by 34%
Intellasia quoted Mr Nguyen Quoc Anh deputy general director & chief business officer of Vietnam Shipbuilding Industry Group as saying that it expects revenues to rise by 34% in 2009 as it builds more vessels to meet rising demand. He said that net s...
2009-02-24 07:27:47
Turkey to finalize package for shipbuilding
According to Mr Binali Yildirim Transport Minister of Turkey, Turkey is expected to finalize a rescue package for the country’s shipbuilding sector by the end of February. As per report the Ministry is working on measures to support local companies...
2009-02-24 07:09:22
EC reviews shipbuilding policy
The European Commission (EC) of the European Union (EU) will shortly hold a meeting to discuss the review of industrial policies for the shipbuilding industry by inviting executive officers of shipyards within the region. The Community of European Sh...
2009-02-23 07:48:17
Prioritiy shipbuilding order None expansion: China
China's State Council, the government's highest executive organ, approved a draft "shipbuilding industry restructuring and promotion plan" at an executive meeting on Feb. 11. The plan calls for freezing new investment in construction/expansion of doc...
2009-02-23 07:45:42
Korea denies equal cutback of building capacity
KDB Research Institute, an affiliate of state-run Korea Development Bank (KDB), recently compiled a report on the direction South Korean shipbuilders should take in adjusting their production capacities based on lessons learned from recession measure...
2009-02-23 07:42:13
Consolidation among Chinese yards inevitable
The China Daily has reported that China's shipbuilding industry, which last year suffered its steepest annual decline since 2003, is likely to be squeezed further this year by shrinking order books and order cancellations as the global economy remain...
2009-02-23 07:38:32
KDB rejects Japanese approach to shipbuilding
A Korean research unit has recommended ailing emerging yards downgrade their business to hull block production. Korea development bank affiliate KDB Research Institute has issued a report on the country’s shipbuilding strategy amidst the global eco...
2009-02-23 07:29:21
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