Shipbuilding
Rongsheng built world’s first Suezmax applying CSR
The naming ceremony for the 156,000-ton Suezmax oil tanker built by private shipbuilder, Jiangsu Rongsheng Heavy Industries, was held at the newly-constructed 2nd dock on December 28, 2008. Vice governer of Jiangsu province Weiguo Zhang, secretar...
2008-12-31 07:30:15
Cosco shipyards hit by payment delays
Adding to the woes of newbuilding cancellations Cosco Corp is warning that its shipyards are receiving requests for deferred payments and they have also delayed some deliveries. Singapore-listed Cosco Corp, which owns 51% of Cosco Shipyard Group,...
2008-12-31 07:22:01
Tally crisis: Roller Coaster 2008
Shipbuilding records are still being broken but for all the wrong reasons. As recently as September the world orderbook topped 600 million dwt for the first time. Now, as the year comes to a close, statisticians are preparing to reveal how the cre...
2008-12-31 07:15:43
Restructuring Forte
Shipbuilding industry was enjoying the greatest prosperity ever when the financial crisis came. Now the industry is facing a severe slump globally, and in order for the newbuilding market to recover, it seems inevitable to reduce ‘over-capacity’ ...
2008-12-31 06:17:52
Argentina records order
Trans Ona is set to place an order for a handysize tanker at Argentina's Rio Santiago Shipyard (ARS). The compatriot tanker and towage player will sign a letter of intention for the 16,000-gt unit and an option for another, according to the Buenos...
2008-12-30 08:49:11
Shipbuilding promotion plan : China
China's shipbuilding stimulus plan will be submitted to China’s State Council, China's cabinet for apporval near furture. According to Guangxin Zhang, the president of China Association of the National Shipbuildng Industry (CANSI), ‘Chinese sh...
2008-12-30 07:36:21
How long will recession last?
As the variables of international economy trend and the risks in shipping market increase, the development environment that international shipbuilding market facing has totally changed against past. It showed the peak of the shipbuilding market i...
2008-12-30 07:34:11
Minors’ crisis deteriorating in China
Although Chinese shipbuilding industry’s order cancellation has not been aggravated yet, about whether the minor private shipbuilding forces will be well-preserved after a year or two remains of concern. A large number of small private shipbuilders...
2008-12-30 07:30:47
Hyundai, revenue rose 26%
Hyundai Heavy Industries has overcome a drop in ship orders as revenue jumped by a quarter in the first 11 months of 2008. The World’s largest shipbuilder says newbuilding contracts fell by 7.4% but higher prices pushed the value of deals up. ...
2008-12-30 07:11:58
Hyundai delivers ‘102 ships’
Hyundai Heavy Industries, the world’s No.1 shipbuilder, has delivered a total of 102 large-scale ships in 2008, the largest volume ever in the world in annual basis. On December 29 at its headquarters in Ulsan City, South Korea, the shipbuilder ...
2008-12-30 06:31:47
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