Norweign gives shipbuilders a boost [Finance]
Norway is boosting shipyard support with an increase in the cash available for an export credit guarantee scheme. It will provide an extra NOK 10bn ($1.7bn) to help yards and the ship supply sector. “Shipyards and the related supply industr...
2010-05-18 08:24:31
LPG carrier orders rising [Offshore]
Lower newbuilding prices have encouraged shipowners to order 27 new liquefied petroleum gas carriers in the last six months, including 14 so far this year. There were no orders placed between January and October of last year and there were only 15...
2010-05-18 08:22:37
Longxue wins 82K BC pair [Shipbuilding]
Coal trading and shipping company China Qinfa Group has contracted CSSC Guangzhou Longxue Shipbuilding, an offshoot of state-owned China State Shipbuilding Corp, to build two 82,000 dwt post-panamax bulk carriers at a total cost of $69m. The two ...
2010-05-18 08:20:12
Nassco lays off 1,150 workers [General]
Nassco, the San Diego subsidiary of General Dynamics has indicated it will lay off 1,150 workers, roughly quarter of its workforce, within two months. The shipyard, which is the only full-service shipbuilding and repair yard on the US West Coast,...
2010-05-18 08:18:17
Delivery delays key to boxship uptick [Shipping]
Containership delivery delays are playing a major role in helping to restore stability to the liner trades. Clarksons estimates that 60% of capacity originally scheduled for delivery in the first quarter of the year was not completed. That follows...
2010-05-18 07:32:09
SHI expects offshore order boom [Offshore]
Samsung Heavy Industries expects offshore plant orders to jump almost seven-fold this year as global economic recovery offsets concerns of project delays in the Gulf of Mexico following an oil spill. The world’s largest builder of drillships ma...
2010-05-18 07:29:33
POSCO-CDPPC breaks ground [Equipment]
Korean steel giant POSCO held a groundbreaking ceremony for POSCO-CDPPC, a new plate facility in the Lingang Industrial Zone, which is located on Changxing Island, Dalian, China. "The operation of POSCO-CDPPC will greatly contribute to the competi...
2010-05-18 07:26:11
Sembcorp sues to stop PPL Shipyard sale [General]
Sembcorp Marine Ltd. has gone to court to block the sale of a 15 percent minority stake in PPL Shipyard to China's Yangzijiang Shipbuilding. Sembcorp Marine said on Saturday that it had commenced proceedings in the High Court of Singapore against...
2010-05-18 07:22:22
HMD operating profit up 27% [Finance]
Hyundai Mipo Dockyard announced on May 17th that it has achieved revenue of KRW 783.3bn ($679m), operating profit of KRW 117.1bn and net profit of KRW 115.2bn for the first quarter of the year. The Korean shipbuilding stalwart's Q1 operating profi...
2010-05-18 06:56:26
'Shipbuilding Offshore Festival' Coming [General]
'The 2010 Shipbuilding Offshore Festival' is to open during June 26th-28th in Ulsan, Korea, combining existing 'Shipbuilding Offshore Day' and 'Shipbuilding Offshore Festival'. During the festivities, a variety of events will be held such as sea c...
2010-05-18 06:53:17
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