Yangzijiang inks 93K quartet [Shipbuilding]
China's Yangzijiang Shipbuilding has reportedly inked a total of four 93,000-dwt bulk carriers recently. It contracted two plus one optional 93K bulkers with an Indian shipowner for delivery in December this year and July 2011 for the firm pair. ...
2010-07-15 07:15:00
Daewoo enters S African shipping [Shipbuilding]
South Korean major shipbuilder is entering South African shipping business in earnest. Daewoo Shipbuilding & Marine Engineering president Nam Sang-tae (left in the picture above) recently met with South African President Jacob Zuma (right) in Sout...
2010-07-15 06:42:21
CSBC inks 14 boxships [Shipping]
Taiwan’s Wan Hai Lines Limited intends to splash out $639m to order 14 boxships from compatriot CSBC, which are scheduled to be delivered from late 2011 gradually. Wan Hai has confirmed the news. Originally Wan Hai had ordered 12 ships last year...
2010-07-14 14:36:39
Hyundai signs 2010 wage deal [General]
Hyundai Heavy Industries labor and management held a signing ceremony today to officially finalize this year's wage collective agreement. The ceremony was attended by the representatives from both sides including HHI president Lee Jae-sung and lab...
2010-07-14 12:13:25
LPG carrier demolition to hit new high [Offshore]
London-based shipbroker Gibson recently issued report that in spite of few LPG carrier demolished but shipowners were not willing to purchase old ships in case of old low chartering fees. Gibson speculated LPG demolition volume would increase in the ...
2010-07-14 10:13:31
Zhoushan output rises by 300% in H1 [Shipbuilding]
The shipbuilding industry of Zhoushan keeps amazing trend since January 2010. From January to June, 81 newly-built ships were delivered. The output reached 3.74m dwt, increasing by 300%. It has surpassed the total output volume of last year. In...
2010-07-14 10:12:18
KHI may import steel plate [Equipment]
Japanese shipbuilder Kawasaki Heavy Industries could be ready to buy steel from China and South Korea for the first time. The company is worried that domestic prices may rise too high. Nobumitsu Kambayashi, the president of KHI’s shipbuildi...
2010-07-14 07:34:00
Vietnam revokes approval to STX [General]
South Korea's STX Offshore & Shipbuilding has failed for now in its bid to establish a new yard in Vietnam. The company said the government withdrew approval for the plan following delays in building the plant of STX-VINA Heavy Industry due to th...
2010-07-14 07:30:52
Cochin annual profit jumps [Finance]
India’s state-owned Cochin Shipyard has enjoyed a 24% jump in annual profit. The company said its net earnings to 31 March were INR 2bn ($42.74m), mainly from international ship orders. Its previous annual profit was INR 1.61bn, while shipb...
2010-07-14 07:25:03
Nassco cuts workforce [General]
General Dynamic’s Nassco shipyard has laid off 290 of its 4,100 workers in San Diego. It blamed a downturn in merchant shipping business and fluctuations in the level of repair work for the US navy. Nassco also terminated 270 subcontractors...
2010-07-14 07:23:11
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