France urged to finance new ships [Finance]
A labor union representative at STX Europe’s Saint Nazaire shipyard in France has called on the government to help potential customers secure financing for newbuilding orders, foreign media reports. CFDT representative Marc Ménager said ...
2010-01-22 07:36:26
Drydocks wins subsea construction vessel [Offshore]
Dubai shipyard group Drydocks World’s Southeast Asia division has won an order for a large offshore construction vessel. The company said the 210-metre ultra-large multi-purpose offshore unit has been contracted by Scottish Highlands Internatio...
2010-01-22 07:33:55
Safety crackdown at Daewoo [General]
Senior management at leading Korean shipyard Daewoo Shipbuilding & Marine Engineering has promised a safety crackdown following a spate of fatalities in the first few weeks of 2010. Within a period of just over 20 days, four workers at DSME died ...
2010-01-22 07:26:00
Japan ship orders soar 71.5% [Shipbuilding]
Japanese export ship orders rose for the first time in 15 months in December 2009 on a year-on-year basis, surging a robust 71.5 percent to 471,600 gross tons, according to figures released by the Japan Ship Exporters' Association. It may be too ...
2010-01-22 07:24:06
Azerbaijan builds modern facilities [Shipbuilding]
In 2010 Azerbaijan will lay a foundation for a modern shipyard, said President Ilham Aliyev. "Negotiations on construction of a shipyard have been held in Azerbaijan. They have already been completed. All issues have been negotiated and financial...
2010-01-22 07:21:24
"Bargain rumor is absurd," Daewoo CEO says [Shipping]
Nam Sang-tae, CEO of Korean shipbuilding giant Daewoo Shipbuilding & Marine Engineering, strongly denied the rumor that DSME bagged orders at bargain prices. Mr. Nam announced that "The rumor Daewoo received orders at bargain price is totally fro...
2010-01-22 07:01:11
Chinese face uncertainty in 2010 [Finance]
When the plan of “Adjust and Revitalize Shipbuilding Industry” was issued by Chinese government in February 2009, Chinese shipbuilders were being troubled by orders drought, delivery delays and financing difficulties. Nowadays the situation h...
2010-01-22 06:40:39
Order rebound or bottom fishing? [Shipping]
According to Goldman Sachs research, Baltic Dry Index (BDI) seems to have touched the bottom when it dived by 35% in November 2009 from the peak in August 2008, while it is making a gradual rebound now. However, whether China’s shipbuilding and ...
2010-01-22 06:37:41
Philippines eyes world-class shipyard [Shipbuilding]
The Philippines should develop its maritime prowess up the next level by building world-class ocean-going vessels, said Jack Enrile, economic and development consultant to his father, Senate President Juan Ponce Enrile. “We are a maritime nation...
2010-01-22 06:35:15
Korean entering cruiseship arena [General]
News that Korean shipbuilders are entering cruiseship sector for the first time in their shipbuilding history are sounding the alarm to European shipyards that the entire shipbuilding industry, including specialist niche markets, is moving to Asia. ...
2010-01-22 06:32:42
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