Japan's new orders recover: Never enough [Shipbuilding]
Japan's 10 listed shipbuilding companies recorded new orders for 33 vessels of 1,760,000 GT, in total, for the first half of 2010. This is a recovery compared to the same period of last year when only three outport merchant ships were ordered. How...
2010-11-24 09:45:41
Korean yards rise, while Japanese & European rivals fall [Shipbuilding]
Korea's big three shipbuilders - Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering - are enjoying benefits from the slump of Japan's and Europe's shipbuilders, taking upturn in new orders. The percent...
2010-11-24 09:36:53
Backlog falls for 27 straight months [Shipbuilding]
Under the situation that global newbuilding orderbook showed a continuous decrease in October, new orders increased by 135% year-on-year on an annualised basis all the way to October this year. Clarkson Newbuilding Price Index, also, showed a slight ...
2010-11-24 09:11:29
Bharati boosts orders with Tebma buy [Shipbuilding]
Bharati Shipyard Ltd acquired Chennai-based loss-making Tebma Shipyards Ltd, buying a 51% stake for about Rs.76 crore. Investors cheered this development and Bharati’s stock rose by 4% to Rs.239 per share, on a day when the Bombay Stock Exchang...
2010-11-24 08:49:43
Petrobras seeks partners for drillships [Offshore]
Brazilian oil giant Petroleo Brasileiro SA (Petrobras) is seeking partners to create a holding company to spend more than $20 billion on ordering 28 oil drillships, Chief Financial Officer Almir Barbassa said. Petrobras will hold 5 percent to 10 ...
2010-11-24 08:44:33
Pressure rises to cut yard capacity [Shipbuilding]
Smaller shipbuilding nations risk being marginalised as overcapacity kicks in once the backlog of orders is exhausted. World shipbuilding faces being forced into a further period of consolidation, according to a new report. Consultants Drewry...
2010-11-24 08:26:55
Damen wins high-speed ferry [Shipbuilding]
Damen Shiyards Gorinchem of the Netherlands has won an order from South Korea’s Seaspovill for a high-speed ferry. The DFF 4212-type vessel, named Seastar, will be operated between Gangneum and Ullungdo in South Korea. Delivery will be as early...
2010-11-24 08:24:43
Vinashin plans to cut debts 38% [General]
Vietnam Shipbuilding Industry Group, restructuring after overexpansion led to near-collapse, won government approval for a turnaround that includes paring debt 38 percent and transferring units to other state-owned companies. Vinashin’s debts wi...
2010-11-24 08:21:35
CSIC restructures for holding company [General]
China Shipbuilding Industry Corporation (CSIC), the parent company and effective controller of China Shipbuilding Industry Company, pledged to inject five enterprises into it including Wuchang Shipbuilding Industry in the following three years. China...
2010-11-24 08:19:31
Nakilat shipyard opens with much fanfare [General]
The Nakilat Ship Repair Yard was inaugurated yesterday with much pomp and circumstance by H H The Emir Sheikh Hamad bin Khalifa Al Thani together with Deputy Prime Minister and Minister of Energy and Industry H E Abdullah bin Hamad Al Attiyah and Leb...
2010-11-24 07:39:36
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