Finland to help shipbuilders [Shipbuilding]
The Finnish government said on Thursday it is considering measures to help its struggling shipbuilding industry. STX Europe announced this week that it would cut 430 jobs at its shipyard in Turku amid an order drought. "We have to secure the ...
2010-01-15 06:51:37
Davie Yards appoints new CEO [General]
Toronto-listed Davie Yards has appointed Gustav Johan Nydal as its new president and CEO. The appointment will become effective on February 15th. The announcement comes only weeks after Ocean Hotels finalized a $100m loan agreement with Export De...
2010-01-15 06:48:57
Meyer Werft seeks clarity on the Ems [General]
A European Court of Justice ruling on the environmental status of the river Ems has failed to provide shipbuilder Meyer Werft with any clarity over the future transit of newbuildings down the river, foreign media reports. The city of Papenburg, w...
2010-01-15 06:44:08
Marine robot center opening [Equipment]
A marine robot center has opened Thursday in Busan city, South Korea to invigorate the ocean robot industry and commercialize robot parts and equipments industry. Busan inaugurated the center on January 14th while the opening ceremony was held a...
2010-01-15 06:15:26
Hanjin poor performance in Q4 [Finance]
Korean shipbuilder Hanjin Heavy Industries & Construction is forecast to show poor performance in the 4th quarter of last year, which is expected to last for a while without any improvement strategies. Dong Yang Securities forecasted that Hanjin ...
2010-01-15 06:09:36
CSSC focusing on offshore biz [Offshore]
On January 10th, Mr Chen Xiaojin, Chairman of China CSSC Holdings Limited, visited the new shipyard construction project of Dahe Breakwater in Zhuhai, Guangdong Province, China. CSSC is establishing a new shipbuilding and offshore engineering base...
2010-01-15 06:07:49
Korea to win back top place [Shipbuilding]
It is a dominant view that China’s taking the top place in shipbuilding industries from Korea, having been no.1 for 10 years, does not have significant meaning, considering the absolute downturn of shipbuilding industry last year. According to ...
2010-01-15 06:05:01
‘Physalia’ amphibious garden [General]
Belgian architect Vincent Callebaut has designed 'Physalia', an architectural prototype of an amphibious garden - a floating agora which is meant to clean waterways in Europe. The project aims to meet the needs of maintaining a sustainable managem...
2010-01-14 14:59:46
Hyundai Samho bonus conflict [Finance]
South Korea’s Hyundai Samho Heavy Industries management and labor union came into conflict on additional bonus issue. The company claims it cannot provide further bonus as they fell short of operating profit target while the union saying they wi...
2010-01-14 14:38:05
Shanghai delivers mini-cape [Shipbuilding]
After 10-month construction period in Shanghai Shipyard (上海船厂船舶有限公司), ‘MV S1139’ was recently delivered to Dampskibsselskabet NORDEN A/S, a Danish shipping company. The newbuilding bulker is of 114,500 dwt. The shi...
2010-01-14 13:40:24
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