CSIC revenue exceeds $17.7bn [Finance]
The revenue of China Shipbuilding Industry Corporation (CSIC) totaled over CNY 120.9bn ($17.7bn) for 2009, increasing by 17% against 2008. As is known, most shipping and shipbuilding enterprises experienced extremely tough time in 2009. The shippi...
2010-01-25 16:56:58
TF to be formed for shipbuilding-IT [General]
Ulsan metropolitan city in the east-southern part of South Korea has decided to form a task force in which relevant academic, industrial and government players collaborate to come up with support policies for the city’s shipbuilding, IT and marine ...
2010-01-25 16:03:47
'Market will recover', CEOs believe [Finance]
10 chief executives in heavy industry sectors in Korea such as shipbuilding, shipping, steel and machinery have said that despite the industries showing signs of recovery, it is too early to swallow optimism, a local media surveyed. HanKook Daily ...
2010-01-25 14:59:07
Cargotec-Mitsubishi ink load-handling system [Equipment]
Cargotec has signed a contract to deliver a range of advanced MacGregor offshore and subsea load handling systems to a deepsea research vessel which will be built at Mitsubishi Heavy Industries’ Shimonoseki shipyard in Japan. The order was book...
2010-01-25 13:47:07
Samho inks six 32K bulkers [Shipbuilding]
Samho Shipbuilding, located in Tongyoung city, South Gyungsang province, South Korea, has signed a contract with Turkish shipowner Densa Denizcilik Sanayi Ve Ticaret A.S. on January 22th (local time) to build six 32,000-dwt bulkers. PD Shon, CEO ...
2010-01-25 11:42:34
Damen forms JV yard with Nakilat [Finance]
Damen Shipyards and Qatar Gas Transport (Nakilat) will establish a joint venture to operate their new shipyard at Ras Laffan, the Dutch yard group said Thursday. The 15-hectare Qatari yard is scheduled to open this quarter. It will build vessels ...
2010-01-25 08:24:40
Greek buys CMA CGM newbuild ? [General]
Greek shipowner George Economou is said to have paid around $45m for the 6,500-teu CMA CGM Kessel (built 2009), which is understood to have been laying around at Hanjin Heavy Industries & Construction in Korea after its completion last year. It i...
2010-01-25 08:23:00
Fincantieri wins patrol boat [Equipment]
Italian state-owned shipbuilder Fincantieri continued order intakes last week with the contract to build two ‘stealth’ patrol boats for the United Arab Emirates, with an option for two more. The prices of the vessels are estimated at some $11...
2010-01-25 08:16:58
Only half will be delivered [Shipping]
Only half of the 1,400 bulkers on order for delivery in 2010 will be actually delivered this year, two leading brokers forecast. Inexperienced shipyards, a lack of available finance to fund expansion plans and a desperate bid to slow down the pac...
2010-01-25 08:15:18
Odfjell cancellation, bitter medicine for Sevmash [Shipbuilding]
The Russian shipyard Sevmash’s failure to deliver 12 chemical tankers to Norwegian shipping company Odfjell and the 43 million dollars the shipyard was fined to pay, is a valuable lesson for Russian shipbuilding industry, says Russian web site. ...
2010-01-25 07:49:23
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