Hefty OSV orderbook worried [Offshore]
Some positive signs have emerged for offshore players in Singapore and others active in the region but particular challenges remain, such as the huge global orderbook for offshore-support vessels (OSVs). In the view of many, the bottom of the mar...
2010-04-29 08:04:51
Qatari mega repair facility ready [General]
A new repair yard capable of taking the huge Q-flex and Q-max vessels will soon be open for business. Qatar’s huge new shiprepair complex is gearing up to take in its first vessels in the second half of this year. But in the interim, Qatari...
2010-04-29 08:02:42
Brazilian orderbook jumps [Shipbuilding]
Brazil is now by far the biggest shipbuilding region outside the traditional shipbuilding powers in Asia and Europe. It represents 74% of the “rest of the world” orderbook, as compared with just 4% in 2000, says shipbroker Clarksons. Brazil...
2010-04-29 08:00:14
Pipavav faces cancelation risk [Shipbuilding]
France's Setaf-Saget is ready to cancel the remainder of its four panamax bulkers ordered at India’s Pipavav Shipyard. One, which should have been delivered in mid-2009, has already been dropped and so will the others because they are so late, ...
2010-04-29 07:55:53
Daewoo-Mangalia Marching On [General]
Daewoo-Mangalia Heavy Industries in Romania is targeting turnover of $600m this year. The yard, controlled by Daewoo Shipbuilding & Marine Engineering of Korea, would beat 2009’s figure by 13% if it succeeded. It has not sealed a new contra...
2010-04-29 07:52:52
HMD operating profit up 27% [Equipment]
Waning sales have hit Hyundai Mipo Dockyard in the first quarter with net profit falling 7%. The South Korean shipbuilder, which has won a number of notable orders recently, did manage to improve its operating profit in the period, however. N...
2010-04-29 07:51:17
Mitsubishi expects income to halve [Finance]
Japanese conglomerate Mitsubishi Heavy Industries said it expects operating income for its shipbuilding and ocean division to drop by almost half from ¥14.5bn ($161m) to ¥8bn next year. In its newly released medium term plan covering the peri...
2010-04-29 07:49:48
Wadan Okean posts loss [Finance]
Net loss of Wadan Yards Okean for 2009 slightly increased as compared with 2008, to UAH132.27 million ($16.5m). According to WYO’s 2009 operational results the company has increased its net income as much as 2.78 times, to UAH 803.877 million v...
2010-04-29 07:47:38
Polluting Breakers Sued [General]
Bangladesh’s government has sued four of the country’s shipbreaking yards for causing “excessive pollution” and operating without proper licences, an environment department official said. The move follows an aboutface earlier this month w...
2010-04-29 07:45:58
Yangzijiang Makes Strong Start [Finance]
Yangzijiang Shipbuilding has reported a 22% jump in first quarter profits on the back of an increase in newbuilding deliveries. The Chinese shipbuilder said net income was CNY586.4m ($86m) versus the CNY483.3m seen a year ago. Revenues increa...
2010-04-29 07:38:53
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