China overconfident of No. 1 [Shipbuilding]
World dominance in shipbuilding will likely emerge in China, and if the Chinese government has anything to say about it that dominance will come soon, foreign media reports. The Chinese government has stated its goal, via an announcement from a g...
2009-12-29 07:32:28
Vinashin bonds issue [Finance]
Vietnam Shipbuilding Industry Group, the state-owned company known as Vinashin, has won government approval to sell as much as $600 million of bonds overseas to fund construction of new ships. Vinashin plans to raise between $400 million and US$600 m...
2009-12-29 07:28:16
Blast kills four [General]
Sitakunda police lodged a case Sunday in Bangladesh against the owner of a ship breaking yard and five contractors after an explosion aboard a scrap oil tanker killed four workers the day before. Sitakunda police sub-inspector Azam Khan told bdne...
2009-12-29 07:24:20
SCI tender for research vessel [Offshore]
Shipping Corporation of India (SCI) plans to acquire oceangoing research vessel (ORV). The shipowner has invited a global expression of interest (EOI) from shipyards for designing and construction of the proposed vessel this week. The ORV newbuil...
2009-12-29 07:12:54
Russia invests $5bn in shipbuilding [Shipbuilding]
Russia will inject $5bn into the shipbuilding industry in the far east of the country over the next ten years, Prime Minister Vladimir Putin says. The windfall will come alongside state assistance to Putin’s shipbuilding brainchild, United Ship...
2009-12-29 07:08:32
SPP adds 81K quartet [Shipbuilding]
SPP Shipbuilding said Monday that it has added four 81,000-dwt bulkers to its orderbook this month. It said two European shipowners had each ordered a pair of the units worth around $150m in total. According to foreign media reports, the two ow...
2009-12-29 06:45:43
Uncertainty remains [Shipbuilding]
The entire South Korean shipbuilders saw their liquidity position deteriorate in 2009 as new orders dramatically fell, and a number of small and midsize yards had no choice but to face restructuring. The situation is not expected to change much ne...
2009-12-29 06:41:27
Surplus Korean steel plate for Chinese [Equipment]
South Korean steel maker Hyundai Steel plans to start selling heavy steel plate for shipbuilding in the second quarter of 2010 after it receives certification by ship classification societies Korean Register of Shipping, ClassNK and Germanischer Lloy...
2009-12-28 13:46:01
Downsizing expected next year [General]
South Korea has remained the world's largest shipbuilding nation this year, but concerns are mounting that a number of medium- and small-sized shipbuilding companies may go for huge restructuring next year, shedding jobs. SLS shipbuilding, the nat...
2009-12-28 13:21:41
STX-Vina project fails ? [Shipbuilding]
Khanh Hoa province could sink the $500 million STX shipyard project this month if the investor failed to signal whether it would continue with the project. Nguyen Trong Hoa, director of Van Phong Economic Zone Management Board, said the province w...
2009-12-28 11:57:37
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