Bangladesh shipbreaking law being framed [General]
Industries Minister Dilip Barua said the government will frame a law soon to develop the shipbreaking industry protecting rights of the workers. The minister said this when a four-member delegation of Geneva-based International Metal Workers Associat...
2010-08-23 07:00:40
Austal boosted by US operations [Finance]
Australian shipbuilder Austal has posted a much bigger annual profit as its US operations continued to perform strongly. Net earnings to 30 June were AUD 37.13m ($33m), up 305% from the previous year, when it was hit by write-offs. However, w...
2010-08-23 06:58:50
Jaya profits jump [Finance]
Singapore’s Jaya Holdings has posted a massive increase in annual profit as shipbuilding operations improved dramatically. The company, which also has offshore vessels, said net earnings to 30 June soared to SGD 103.72m ($76.29m), from SGD 1.2m...
2010-08-23 06:56:00
Handy prices to fall 20% [Shipping]
Handymax bulkers could shed one fifth of their value as slowing demand and accelerating newbuilding deliveries haunt shipowners, DVB Bank warns. It expects price tags in the sector to feel the heat over the next two years as a record number of ne...
2010-08-23 06:54:20
Orderbook, Orders & Output Fall [Shipbuilding]
Global newbuilding order backlog, newly contracted orders and newbuilding deliveries all decreased in July month-on-month with newbuilding prices edging up alone. Orderbook continued to fall and stood at 7,615 ships of 479.6m dwt as of August 1st....
2010-08-23 06:35:32
CSDC: Recession passed [General]
As is reported earlier, China Shipping Development Company (CSDC) earned CNY979m ($144m) in the first half year. CSDC predicted that generally the market would experience fluctuation in the second half year. It was not optimistic and faced higher pre...
2010-08-23 01:03:34
Taizhou: Breaking through crisis [Shipbuilding]
Taizhou is well-known as a private shipbuilding base in China. As global financial crisis came, the shipbuilding industry mired in unprecedented recession. Fortunately the Taizhou has passed crisis through effective measures and strategy. Wenling,...
2010-08-23 01:02:35
CSIC get toughest time [Equipment]
China Shipbuilding Industry Corporation (CSIC), one of big 2 Chinese state-owned shipbuilding groups expressed that the toughest time would come in two or three years. Now it’s time to prepare. In the first half year, the profit of CSIC hit CNY4...
2010-08-23 01:01:36
JBIC finances Oshima newbuild [Finance]
The government-controlled Japan Bank for International Cooperation (JBIC) is increasing its backing of orders at domestic yards by funding a deal involving Tata NYK. JBIC, formerly known as the Export Import Bank of Japan, together with Mizuho Ba...
2010-08-20 11:23:39
Maersk in talks for newbuildings [Shipbuilding]
AP Moller-Maersk Group chief executive Nils Smedegaard Andersen (above) has denied that the Danish giant has come under pressure to order a new range of post-panamax vessels to maintain its position as the No. 1 liner-shipping player. Andersen co...
2010-08-20 11:18:19
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