ABG profit would climb 25% [Finance]
ABG Shipyard Ltd., India’s biggest non-state shipbuilder, expects profit to increase 25 percent this year, aided by gains in its year-old offshore oil-rig business. Net income for the year ending March 31 will probably climb to 2 billion rupees...
2008-12-26 07:33:53
Scrapping of dry bulkers soars [General]
The scrapping of Panamax (around 70,000 dwt) and smaller bulkers is drastically increasing in light of the plunging dry market, with 37 ships sold for scrap since October 2008. Amid the free ships being forced to operate at below cost due to the ...
2008-12-26 07:26:37
Bangladesh will increase export ships [Shipbuilding]
Western Marine Shipyard Ltd. (WMSL), a Bangladeshi shipbuilding company, will export 12 ships, weighing 5,200 tonnes each, by 2011 to Germany, Holland and Denmark, the Bangladesh's news agency BSS reported. Commerce and Education Adviser Dr Hossai...
2008-12-26 07:15:03
OH Meling takes newbuildings [Shipping]
Stavanger-based owner OH Meling is expanding its fleet with newbuildings and will take delivery of five vessels next year. It means rapid growth for the company, which just over a year ago had only one vessel, the 5,500-bhp platform-supply vessel ...
2008-12-26 07:06:41
CSBC completed 12,600TEU [Shipbuilding]
According to the report from United Daily News in Taiwan, Zheng Wenlong, the CEO of CSBC Corporation Taiwan said on December 22 that CSBC had completed the research and development of world’s largest containership. It was ordered by Taiwan’s Yang...
2008-12-26 07:03:02
CSC won 386TEU orders [Shipbuilding]
According to Chongqing Municipal Commission of Foreign Trade and Economic Cooperation, Chongqing Dongfeng Shipbuilding Corporation (CSC) won a shipbuilding order for four 368TEU container ships from an American shipowner on December 17, 2008. The ves...
2008-12-26 07:01:24
Statoil terminates rig tender process [Offshore]
StatoilHydro is terminating its procurement process for rig hire for operations on the Norwegian continental shelf due to high rig rates. ”We focus on reducing costs and making strict priorities,” says Anders Opedal, head of procurements in St...
2008-12-26 07:01:14
Mediterranean's largest shipyard only months away [Shipbuilding]
The Besiktaş Shipping Group, a leading company in the Turkish maritime business, will soon complete preparations and begin constructing a shipbuilding facility in the Adana-Yumurtalık Free Trade Zone. Once complete, the shipyard will be the...
2008-12-26 06:46:22
STX deploys Dassault ENOVIA [Equipment]
Dassault Systems (DS), a world leader in 3D and Product Lifecycle Management (PLM) solutions, announced that STX Shipbuilding, one of the world’s leading shipbuilding companies, has implemented DS’s ENOVIA solution as its enterprise-wide PLM back...
2008-12-26 06:39:59
China shores up shipbuilders [Shipbuilding]
The Ministry of Industry and Information Technology of China (MIIT) is planning to release some policies to shore up the nation's shipbuilders, mainly with the help of domestic financial institutions. China's major shipbuilders last Sunday talked wit...
2008-12-26 06:32:47
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