Pakistan turning shipbuilding into billion dollars industry [General]
Pakistan's Export Promotion Bureau (EPB) has planned to develop the country's growing shipbuilding industry into billion dollars industry after the readymade garment (RMG) sector. As part of its plan, the EPB started visiting the country's shipya...
2010-11-01 08:22:26
Croatia approves new aid to shipyards [General]
The Croatian government approved fresh financial guarantees for one of the five indebted state-owned shipyards it is trying to sell, in a move that could complicate its European Union membership bid. All but one of the six docks on Croatia's Adriatic...
2010-11-01 08:19:29
Mitsui braced for H2 woe [Finance]
Mitsui Engineering & Shipbuilding has braced itself for a tough second half of the year with profit set to flatline. The Japanese yard group posted a strong first-half net profit despite sales dipping as its operating profit actually went up. Net...
2010-11-01 08:17:39
Mitsubishi profits fall, wins VLCC [Finance]
Mitsubishi Heavy Industries’ shipbuilding arm has seen interim operating profits cut by more than half compared to a year ago. The figure slipped to JPY5.8bn ($71.8m) in the six months to 30 September 2010 from the JPY12.5bn seen in 2009. Shipb...
2010-11-01 07:40:48
Yang Ming profit breaks record [Shipping]
Yang Ming Marine Transport has posted record quarterly profit and revenue as the containership recovery continued. Taiwan's number two container line, after Evergreen, said the result was down to higher demand and effective cost-control measures....
2010-11-01 07:37:11
SCI boosted by boxships [Finance]
State-owned Shipping Corp of India (SCI) has increased first-half earnings as its containerships continued to make money. The company said net profit to 30 September was INR 4.5bn ($101.28m), from INR 1.53bn in the same six months last year. ...
2010-11-01 07:34:05
Qingdao Beihai wins Taiwanese order [Shipbuilding]
Taiwan’s First Steamship has opted to order new ships in China for the first time ever, saying Japanese yards are too costly. The owner confirms it has ordered an 82,000-dwt kamsarmax bulker at Qingdao Beihai Shipbuilding Heavy Industry under t...
2010-11-01 07:31:21
Cruiseship orders set to slow [Offshore]
Analysts expect cruise operators to order fewer new cruiseships, following a more conservative approach. UBS Investment Research forecasts the pace of contracts to slow down because most cruise operators are constrained by their balance sheets and...
2010-11-01 07:26:39
Japanese rely on green, high-spec ships [Equipment]
Japan’s shipbuilders are leaning on the next generation of environmentally friendly ships and top-notch, super-fuel-efficient designs to secure their future against competition from low-cost Asian rivals. The country’s major players have rush...
2010-11-01 07:12:33
SCI to order VLCC & Boxship [Shipping]
The Board of Shipping Corporation of India Ltd. (SCI) has approved $661.3m of newbuilding purchases. Within the next few days the company is expected to announce orders for four 318,000-dwt VLCC's and three 6,500-teu containerships. According...
2010-11-01 07:03:49
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