India state yard plan [Finance]
India is to establish a new shipyard on the east coast through the public-private partnership model. A strategic partner from the private sector will be selected through a competitive bidding process, a senior shipping ministry official said. He ...
2009-12-28 07:46:05
Stealth takes two [Shipping]
Stealth Maritime of Greece has concluded its newbuilding delivery schedule for this year by taking two tanker units from shipyards in the Far East. The two tankers were ordered for a total of $135m. One of the ships is the 114,000-dwt crude oil tanke...
2009-12-28 07:42:54
Imabari builds bulker trio [Shipbuilding]
Japan’s Imabari Shipbuilding is to build Safe Bulkers’ latest newbuilding acquisitions, market sources revealed. It was reported earlier this month that the shipowner acquired a pair of 95,000-dwt bulkers. But the owner did not identify t...
2009-12-28 07:36:33
Cammell Laird wins upgrade order [General]
British shipyard Cammell Laird has secured a significant commercial ship upgrade order to extend a cable-laying ship. The Liverpool-based yard will work on the Skagerrak for Nexans Norway from mid-January to extend the vessel by 10 meters and pre...
2009-12-28 07:19:16
Guangdong new offshore shipyard [Offshore]
Guangdong New China Shipyard is set to invest up to CNY 1.3bn ($191m) to build an offshore plant engineering base in Nansha, south of Guangzhou in southern China, in a bid to take advantage of the boom in the sector. A shipyard insider said that ...
2009-12-28 07:14:31
Hyundai Mipo orderbook tweak [Shipbuilding]
South Korea’s Hyundai Mipo Dockyard has seen a shift in its orderbook as the result of a new 50/50 joint venture named 'Megacore Shipping' between product tanker specialist Omega Navigation Enterprises and Glencore International subsidiary Topley C...
2009-12-28 07:10:27
Headed for crisis [Finance]
The Wall Street Journal reported last week that South Korean shipbuilding industry will suffer lean times and tough restructuring measures until 2012 due to a sharp decrease in the number of ship orders resulting from the global economic crisis. ...
2009-12-28 07:07:48
Steel plate market slows [Equipment]
In 2008 and 2009, the global economic crisis seriously hit China's shipbuilding industry and greatly affected the ship plate market. China has an overstock of ship plate but the global crisis led to dropping demand. At the same time, South Ko...
2009-12-28 07:04:46
Hudong wins pax pair [Shipbuilding]
China’s Hudong-Zhonghua Shipbuilding has broken its order drought after securing a pair of panamax bulkers from a domestic shipping company. The shipyard says it will build the 76,000-dwt vessels for Ningbo Rongsheng Shipping. The contract also...
2009-12-28 06:59:02
Sungdong adds cape pair [Shipbuilding]
A South Korean midsize shipbuilder is continuing to win commercial ship orders amid a dramatic fall in such orders around the world. Sungdong Shipbuilding & Marine Engineering, which had won 7-ship orders worth about $400m last week, said last Fri...
2009-12-28 06:27:10
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