Spanish yards eye wind vessels [Offshore]
Spain’s shipyards, which provide direct and indirect employment for 20,000 workers, have been hard hit by the recession. There is one state shipbuilding firm in Spain – Navantia – and 24 private companies but in the first six months ...
2011-11-02 08:16:38
Tata NYK orders Supramaxes [Shipbuilding]
Tata NYK Shipping has ordered three new bulkers in Japanese yards. The joint venture between Japanese shipowner NYK Line and Indian steel group Tata has inked the supramaxes at Tsuneishi and Oshima shipyards for delivery in 2012 and 2013. The...
2011-11-02 07:56:45
Okean in order trouble [General]
Ukraine's Okean Shipyard said its plan to sign two newbuilding contracts have been disrupted by a bankruptcy suit against it by a pension fund. Its supervisory council chairman, Serhiy Kopylov, said the company was ready to go ahead with the cons...
2011-11-02 07:48:29
Hyundai adds 11th drillship [Offshore]
Hyundai Heavy Industries lands 11th drillship order this year. US offshore contractor Rowan Companies has firmed up its option for a third drillship at Hyundai and pencilled in a further optional unit. The company is spending $600 million on t...
2011-11-02 07:44:09
Mixed prospects on orders [Shipbuilding]
Newbuilding orders are expected to show an improvement in the coming weeks, especially if Chinese shipyards return to the market for clients, with a more aggressive marketing and pricing policy. According to the latest weekly report from Clarksons...
2011-11-02 07:35:08
OSX turns to profit [Finance]
OSX Brasil reversed a year-ago loss in the third quarter as financial gains offset increased spending as the company ramps up operations. OSX said that it registered a 33.3 billion Brazilian reais ($19.8 million) net profit in the third quarter c...
2011-11-02 07:30:15
Cosco delivers 2nd wind vessel [Offshore]
Cosco has delivered the second of two offshore wind turbine installation vessels to a Dutch shipping company's UK subsidiary as part of a contract believed to be worth around $550 million. In a statement on Tuesday, Cosco Corporation confirmed it...
2011-11-02 07:27:26
Sungdong aims for normalization [Finance]
Sungdong Shipbuilding & Marine Engineering of South Korea is now under another financial due diligence from Deloitte Anjin, as well as from Samjong KPMG. According to financial market, Sungdong's creditors requested additional due diligence to De...
2011-11-02 07:06:55
S&M running out of work [Shipbuilding]
Orderbooks of small-and-medium sized yards are being exhausted fast, as new order for commercial ship sharply decreases in times of troubled shipping market. Clarksons and market resources reported that small-and-medium shipbuilders in Korea, exce...
2011-11-02 07:01:39
Samsung profit massively drops [Finance]
Samsung Heavy Industries of South Korea posts its preliminary earnings report for Q3 2011 on 1 November. The third quarter revenue is up by 7.3% to KRW 3.4075trn ($3.0463bn) on the same period last year, however, operating profit plummets by 42.1%...
2011-11-01 16:45:22
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