BESST project kickstarts [Shipbuilding]
Europe’s leading shipbuilders, coordinated by Fincantieri, started September 1st, 2009 the EU funded research project BESST – “Breakthrough in European Ship and Shipbuilding Technologies”. The contractual Grant Agreement was signed yester...
2010-06-25 08:18:23
Worker dies in Turkey's Tuzla [General]
One worker has died after a work-related accident in Istanbul’s Tuzla shipyards, an area notorious for workplace fatalities. Sixty-year-old Mehmet Tağrikulu, who was seriously injured June 14 when he was buried under tons of material in a ...
2010-06-25 08:14:12
21st Century selects new boss [Shipbuilding]
21st Century Shipbuilding located in Tongyeong, South Gyeongsang Province, South Korea, started to move towards the normalization of management by selecting a new president. On June 23rd, 21st Century Shipbuilding announced that it selected Direct...
2010-06-25 07:30:15
Full recovery takes time [Shipbuilding]
The Korean government predicts that it will be hard for shipbuilding industry to experience a fast recovery until the overall supply surplus is settled, even if there are such positive signs as the increasing number of orders for vessels and the incr...
2010-06-25 07:15:25
Ship industry fund pushes Chinese shipbuilding [Finance]
As is reported earlier, Judger Group, which is an unremarkable Chinese private enterprise, invest CNY100m ($14.7m) on Chinese ship industry fund. So far the fund has gianed over CNY30bn from bank credit. It seems that it’s the best time to inves...
2010-06-25 01:05:35
Chongqing shows steady uptrend [Shipbuilding]
In the past five months this year, Chongqing, which is the largest industrial city in West China, kept two-digital growth in shipbuilding industry. The development of newbuilding output was slightly more than that of new order intakes. The inland shi...
2010-06-25 01:05:01
Nantong to be offshore giant [Offshore]
On June 18th an offshore industry development alliance was established in Nantong Jiangsu Province China. The amazing growth of Nantong’s offshore industry has become a shining point. On June 8th a ceremony was hold to trigger 408 huge projects,...
2010-06-25 01:04:14
STX ready to beat summer heat [General]
South Korea's STX Offshore & Shipbuilding is facing the heat of summer with a variety of measures. The company is providing watermelon and mixed grain powder drink to all of its employees as the summer heat wave began earlier than expected this ye...
2010-06-24 10:35:06
Rongsheng splash out $1.32bn into Hefei [General]
On June 21st Rongsheng Group splashed out over $1.32bn in Feixi aare, China. The group signed frame cooperation agreement with local government. The investment will be split in six years while fixed assets occupy about 67% among them. The event me...
2010-06-24 09:45:41
COSCON: Pessimism on European market [Shipping]
Deputy Manager Chen Xiang of COSCO Container Lines Co., Ltd. (COSCON) recently expressed shipping liners had taken some measures to prevent overcapacity but they hold pessimism on European market, regardless of global container shipping recovery in 2...
2010-06-24 09:45:14
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