China: Shipbuilding steel plate output rises [Equipment]
Official statistics showed that from January to August 2010 the output of Chinese steel plate for shipbuilding broke through 10m tons, hitting 10.25m tons. It was raised by 38.4% against the same period of last year. The output of nine steel works...
2010-11-02 08:15:50
Davie wins court extension for cash talk [Finance]
Canada’s bankrupt Davie Yards has won another court extension for its restructuring, as it lines up new investors. The Quebec company now has until 21 January to find more cash under the Companies' Creditors Arrangement Act (CCAA). It said ...
2010-11-02 08:13:47
Torm offloads two newbuilds [Shipping]
Torm will shoulder a loss of $16m after selling two dry-cargo newbuildings. Copenhagen-listed Torm has offloaded the two kamsarmaxes for a combined $90m, it tells investors. Jacob Meldgaard CEO of the shipowner, said: "We consider the timing o...
2010-11-02 08:11:03
Cosco inks more bulkers [Shipbuilding]
Cosco Corp (Singapore) has clinched another bulker order worth more than $87m. Its Cosco (Dalian) Shipyard will build the three 57,000-dwt bulkers for an undisclosed Asian owner. They will be delivered between May 2012 and March 2013. Mea...
2010-11-02 08:07:37
Rongsheng plans $2.3bn IPO [Finance]
Rongsheng Heavy Industries is looking to rake in a massive $2.28bn from its long awaited IPO, it emerged Monday. Its supersized float is almost 50% larger than anticipated and appears on target to be the third largest IPO purse seen in Hong Kong t...
2010-11-02 08:04:09
China to focus on self-innovation [Shipbuilding]
Tan Zuojun, General Manager of China State Shipbuilding Corporation (CSSC), said on October 29th that in the past three quarters of this year China had surpassed Korea which was traditional world’s No.1 shipbuilding country in terms of output, orde...
2010-11-02 08:01:30
Yangzijiang: Just beginning [Finance]
In spite of financial crisis, Chinese shipbuilding industry still kept amazing speed, especially private shipbuilders. 45 days ago, China’s Yangzijiang Shipbuilding was successfully listed in Taiwan. Yangzijiang became the first Chinese compan...
2010-11-02 07:45:29
Samsung tests UTOPIA [Equipment]
Korea's Samsung Heavy Industries has completed model testing of the hull and propellers of the $1.1 billion Utopia residential ocean liner that it sees as its entry way into the cruiseship market. Samsung is to build the so-called 'Apartment-Type...
2010-11-02 07:38:52
STX Dalian establishes shipyard OS [Shipbuilding]
Korea's STX Corporation said today that its Chinese shipbuilding affiliate STX Dalian Shipbuilding Complex has established a shipyard operation system, called 'LOONG' (Lead Our Own New Generation), for the entire production site in just two years aft...
2010-11-01 12:27:40
MAN PrimeServ Shanghai gathers activities under one roof [Equipment]
MAN PrimeServ Shanghai has celebrated a move to larger premises in China’s largest city at an opening ceremony attended by business partners, local dignitaries, and Klaus Stahlmann, Jan Gurander and Dr. Stephan Timmermann of MAN Diesel & Turbo’s ...
2010-11-01 12:00:23
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