Cosco yard delivers supramax [Shipbuilding]
Singapore-listed Cosco Corp. says its 51%-owned subsidiary Cosco Zhoushan Shipyard has successfully delivered a 57,000-dwt supramax vessel Dai Shan Hai. The company said Cosco Zhoushan had signed a delivery document with the buyer on January 5 alt...
2010-01-07 07:59:12
Yards navigate tough tides [Finance]
There is no missing the empty space at the vast shipyard on the outskirts of Wismar, on Germany's Baltic coast. The workers welding plates in the fabrication halls - each hundreds of metres long - are surrounded by large, unused areas that reverberat...
2010-01-07 07:56:52
Damen invests in China [Finance]
Damen Shipyards Group is an internationally oriented company with shipyards in many parts of the world. Since 1994 the organization has been active in China where this year Damen Shipyards Changde was opened. The production activities of this shipyar...
2010-01-07 07:54:14
Resales soften orderbook cut [General]
An unexpectedly low number of bulker newbuildings were cancelled in 2009 as resale deals softened a much anticipated order cull, foreign media reports. Only 10% of the bulker orderbook was ditched by owners in the past 12 months despite the specte...
2010-01-07 07:21:44
Brazilian buys FPSO newbuilding [Offshore]
Brazilian shipbuilding upstart controlled by EBX revealed Wednesday that it has purchased an FPSO from troubled Nexus Floating Production. OSX, an arm of the Eike Batista-controlled conglomerate, said in a filing with the Sao Paulo Stock Exchange ...
2010-01-07 07:15:32
Hanjin adds compulsory layoffs [General]
Hanjin Heavy Industries & Construction, one of South Korea’s large shipbuilders, embarks on additional workforce restructuring after voluntary layoff program fell short of its target. An official from the shipbuilder’s labor union said Wednesd...
2010-01-07 06:48:55
Korean continue order rally [Shipbuilding]
In this New Year 2010, South Korean shipbuilders are likely to continue to land newbuilding contracts from foreign shipowners. Daewoo Shipbuilding & Marine Engineering and Sungdong Shipbuilding & Marine Engineering, which won noticeably many new o...
2010-01-07 06:45:36
Norwegian yards pass worst year [Shipbuilding]
Norwegian shipyards last year experienced their worst year, with new orders worth only NOK 1.3bn ($227m). This is a drop of nearly 90 per cent since the top years of 2005 and 2006, Aftenposten reports. In the boom years, the Norwegian yards r...
2010-01-06 14:16:43
China’s deepest dock completed [Equipment]
The construction of BOHI NO.2 has been recently completed by CCCC First Harbor Engineering Company Ltd. The dock is located in Huludao City, Liaoning Province, with 623m in LOA, 72m in breadth, and 21m in depth. It covers an area of four standard...
2010-01-06 13:23:51
60% of Chinese gain “0” order [Shipbuilding]
Facing market downturn since the 4th quarter of 2008, Chinese shipyards began to step out of order shortage in June 2009. But there were still about 65% shipyards receiving “0” order in 2009, especially for some emerging builders. “The Econ...
2010-01-06 13:19:29
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