Jiangsu crowned top in China [Shipbuilding]
During the market downturn of 2009, the shipbuilding industry of Jiangsu Province was still kept at amazing speed. Jiangsu took the top position of China’s shipbuilding industry in terms of order intakes, as well as newbuilding output. Five ...
2010-01-27 06:56:41
Equip makers call for help [Equipment]
Busan city and Busan Marine Equipment Association (BMEA) hold a breakfast meeting Thursday from 07:30 AM local time in Busan, South Korea, to discuss measures to tackle the downturn. The meeting will be attended by Busan city high-ranking official...
2010-01-27 06:52:25
Shipbreaking hits 10-year high [Shipping]
Amid prolonged shipping downturn, the number of ships sold for demolition in 2009 has hit the highest level in ten years since 1999. According to Clarkson Research Services data, a total of 952 vessels totaling 29.88m dwt were sold for scrap in 20...
2010-01-27 06:48:38
Hanjin to focus on special ships [Shipbuilding]
Lee Jae-yong, chief executive of Hanjin Heavy Industries & Construction, which is seeking to cut more workforce, said, in an interview with local newspaper, that Youngdo Shipyard in South Korea is a symbol of the company and it will be further modern...
2010-01-26 16:01:31
SCI to buy newbuilding resale [Shipping]
India’s state-owned Shipping Corp of India (SCI) is in talks with Greece’s Ionia Management to buy a 51,000-dwt medium-range (MR) product tanker, hull number 1299, under construction at STX Offshore & Shipbuilding in South Korea. Ionia says no...
2010-01-26 14:46:32
Flourishing or Illusion? [Shipbuilding]
In 2009，China replaced Korea’s championship in terms of order intakes, who has dominated shipbuilding industry for nearly 20 years. According to Clarkson Research Services statistics, China gained 44.4% of global shipbuilding orders last year ...
2010-01-26 14:12:42
Daewoo-invested NIDAS inks $100m COA [Shipping]
Korean shipbuilder Daewoo Shipbuilding & Marine Engineering said Tuesday that NIDAS International Enterprises, Nigeria’s state-owned JV shipping company between Nigerian National Petroleum Corporation (NNPC) and Daewoo, has recently signed a $100m ...
2010-01-26 11:02:00
Pakistani eyes first orders [Shipping]
Senior officials at Pakistan National Shipping Corp (PNSC) confirm it is pushing ahead with plans to modernize its fleet but refuse to comment on the possible purchase of two aframax tankers. PNSC is said to have picked up the 107,000-dwt sistersh...
2010-01-26 08:28:35
Greek ready for cash bombs [Shipbuilding]
Greek shipowner Leros Management says it intends to go through with 10 newbuilding contracts it placed in 2008 and shoulder a difference of some $130m between the prices it paid and today's levels. Leros has an orderbook of six 34,000-dwt bulkers...
2010-01-26 08:26:07
Reborn UK yard sales soar [Finance]
UK shipyard Cammell Laird boosted sales by 70% in its last financial year, bringing in £90m ($145.51m). The reborn shiprepairer, which collapsed in 2001 but was revived by Northwestern Shiprepairers, said turnover for the year to May 2009 w...
2010-01-26 08:22:55
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