Oceania declines option at Fincantieri [Shipbuilding]
Miami’s Oceania Cruises has decided not to exercise an option to build a third ship at Fincantieri in Italy. Travel Weekly reported the line declined to go ahead with the $500m vessel before the deadline to declare the option passed last month....
2010-11-11 07:21:53
Croatia tries again: Kraljevica privatization [General]
Croatia has opened a new privatization round for its stake in the Kraljevica shipyard. The country wants to sell a 99.54% holding ahead of joining the European Union. A previous attempt failed to lure investors. The 893,150 shares will go...
2010-11-11 07:17:56
Korean yards to book high Q4 results [Shipbuilding]
Stock prices of Korean shipbuilding companies have recently been taking an upturn thanks to the inflow of funds from foreign investors. The pickup in business results caused by an improvement of the market situation has brought about the inflow of ...
2010-11-10 15:00:46
Rongsheng starts IPO [Finance]
Source from Hong Kong reported Jiangsu Rongsheng Heavy Industries Group which was China’s largest private shipbuilder started IPO from November 8th with seven cornerstone investors escorting. As is revealed, Rongsheng targeted CNY17.65bm ($2.6b...
2010-11-10 12:23:44
Chinese private yards catch up! [Shipbuilding]
Chinese shipbuilding industry was dominated by state-owned companies for a long time. In 2005, when a global shipbuilding summit was held in China for the first time, no Chinese private shipyards appeared except two national shipbuilders, namely COSC...
2010-11-10 11:45:24
TNC to compensate $8m to Imabari [Shipbuilding]
In 2008 Taiwan Navigation Company (TNC), through the channel of Mitsubishi Corporation, ordered two-unit 37,000-dwt ships at Japan's Imabari Shipbuilding. The problem was that the price stood at the highest market level then. As a result, CMT dec...
2010-11-10 10:38:16
Dr. Ha named '2010 Samsung Fellow' [General]
Samsung announced on Tuesday that it has selected Ha Mun-geun (50, pictured), research director at Samsung Heavy Industries, as the '2010 Samsung Fellow', which is a supreme honorary position awarded to the group's core technical professionals. Gr...
2010-11-10 08:49:25
Petrobras to raise $34bn by 2014 [Finance]
Brazilian state oil company Petrobras will raise $32 billion by 2014, chief executive Jose Sergio Gabrielli said today, as part of a five-year investment plan focused on developing offshore crude reserves. The company previously said it would bor...
2010-11-10 08:21:45
STX plans IPOs for Cruise & China units [Finance]
STX Group, the Korean shipbuilder that sold stock in an offshore-vessel unit last week, may hold initial public offerings for a Chinese yard and a cruise-ship maker as orders recover from the global recession “We want to be in the market when momen...
2010-11-10 08:20:01
OPT expands relationship with Mitsui [Equipment]
Ocean Power Technologies, Inc. is pleased to announce that it has expanded its relationship with Mitsui Engineering & Shipbuilding Co. Ltd. (“MES”) with the signing of a new contract to develop OPT’s PowerBuoy technology for its application in ...
2010-11-10 08:17:55
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