Slow steaming 'safe' [Shipping]
Fears that slow steaming would damage marine engines appear unfounded. Danish liner giant Maersk, which has studied the phenomenon, reported that engines on its ships have remained damage-free. Maersk vessels have sustained zero damage since ...
2011-10-05 07:09:46
Russia guarantees yard loan [Finance]
The Russian government could provide loan guarantees worth RUB 180bn ($5.47bn) to four local shipyards this year. It is due to make a decision on the backing by the end of this year, according to the head of United Shipbuilding Corporation (USC),...
2011-10-05 07:07:27
ACL to order Con-Ro's [General]
After three years of planning and negotiations, Atlantic Container Line is to place a newbuilding order for five very large multipurpose Con-Ro's within weeks. ACL, a subsidiary of Grimaldi, is down to a shortlist of four shipbuilders which receiv...
2011-10-05 07:04:57
Big3 fog up for 2012 [Shipbuilding]
South Korean shipbuilders' safe target achievements being forecast, worries over 2012 shipbuilding market are spreading. Worldwide newbuilding order dropped as nearly as 20% by global financial crisis, however, major Korean shipbuilders have made...
2011-10-05 06:44:43
China keeps growth [Shipbuilding]
Chinese shipbuilding industry is keeping a steady growth this year. China Association of National Shipbuilding Industry (CANSI) recently announced Chinese shipbuilding performance during January-August this year. CANSI revealed that China is i...
2011-10-05 06:40:19
JECKU in Korea [General]
CEOs of shipbuilding corporations from all over the world is gathered to have a discussion in Jeju island, South Korea. The Korea Shipbuilders' Association (KOSHIPA) said that JECKU, an annual meeting of top executives in shipbuilding industry fro...
2011-10-04 12:59:12
Korea in need of debt-workout [General]
Kim Yong-Hwan, CEO and president of the Export-Import Bank of Korea (Korea Eximbank) said on October 4, "Additional workout should be proceeded due to huge gap in Korean shipbuilding industry." During a parliamentary inspection, Kim said, "Korean ...
2011-10-04 11:55:13
POSCO-Shell offshore steel contract [Equipment]
POSCO of South Korea revealed on October 4 that it had signed an enterprise framework agreement for offshore heavy plates with Shell on September 28th. POSCO would supply various offshore products for global energy and petrochemicals company's off...
2011-10-04 11:26:47
Korean S&M big guarantee loss [Finance]
Korea Trade Insurance Corporation(K-sure)'s losses from South Korea's small and medium shipbuilders for three years turns out to exceed KRW 1trn ($8.25bn). According to parliamentary audit by K-sure to Kim Sung-Hue from Grand National Party, its i...
2011-10-04 10:35:16
Yuexin grabs four tugs [General]
On Sep. 20, China's Yuexin Shipbuilding signed a new contract of three units of Tug with a company from Southeast Asia, two of which are ASD TUGs and one of which is Multiple ASD TUG. All of the three TUGs measures 37m in length with a moulded bre...
2011-10-04 07:30:09
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