Shipbuilding
Hyundai develops a dock equipped with ‘fin’
Hyundai Heavy Industries applied ‘bilge keel’ concept to dock for the first time in the world. HHI announced Monday that bilge keel, a ship balancer, was installed on the gate of its 10th dock (H dock), which is scheduled to be completed in Ma...
2009-02-09 12:46:56
Atlantska cancels two bulker newbuilds at China
Croatian owner Atlantska Plovidba has scrapped or altered deals for three bulkers at two shipyards to lower its expenditure in poor markets. The Zagreb-listed company said contracts for the first two of four 80,300-dwt panamaxes on order from Jian...
2009-02-09 07:50:26
Europe focuses on digital communication networks in shipbuil...
As Japan's Ministry of Land, Infrastructure, Tourism & Transport (MLIT) has just launched a strategic study on closer collaboration between the shipbuilding and marine equipment industries, Europe has wound up a similar project with a report underlin...
2009-02-09 07:44:33
Greece tops newbuilding list but global investment slides
Greece and Germany ended 2008 almost level-pegging in the sums invested by owners in newbuildings. Contracts worth $18.3bn were signed by Greece, as compared with $17.6bn by Germany. The figures, contained in shipbroker Clarkson's latest World Shi...
2009-02-09 07:13:34
Cesa urges shipyards to act responsibly
Cesa chief says slashing newbuilding prices could turn a crisis into a disaster. A leading figure in European shipbuilding has urged yards throughout the world not to slash newbuilding prices below cost because of the devastating impact it could h...
2009-02-09 07:05:12
Greek delivery tally set to fall
Some Greek owners want to delay delivery of newbuildings in the face of a grim dry-bulk outlook. Greek shipowners are expected to take delivery of around 120 new bulkers by the end of the year but fears that the dry-bulk sector is facing a prolong...
2009-02-09 06:58:32
Chinese major yards and owners to get aid
Beijing is hoping a cash injection will reinvigorate the nation's ship-building industry. China's most successful yards and blue-chip foreign owners are expected to be the main beneficiaries of a financial stimulus package being put together by th...
2009-02-09 06:41:36
Zim in crisis talks with yards over boxships on order
Zim’s ambitious growth plans have been brought to an abrupt halt by the collapse of the container shipping trades. Zim’s parent company is in talks with shipyards to cancel newbuilding orders or delay deliveries, and is holding urgent discussi...
2009-02-09 06:30:16
Chinese shipbuilding exports substantially increased in 2008
According to custom’s statistics, China’s 2008 vessel exports amounted to 2.174 million units worth USD 19.12bn, a 100% and 60.1% increase against 2007. Among them, December exports totaled 117,000 units worth USD 1.77bn, a 33.6% drop and 51.6% r...
2009-02-06 18:37:19
Indian shipyards suffering from lack of order-intakes
Although the profit of India’s shipyards for 2009 and 2010 will maintain the rising tendency, due to financial crisis and declining freight rates, shipping companies have abandoned the fleet expansion plan and shipbuilding orders, so new orders wil...
2009-02-06 17:41:42
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