Argentina yard wins $500m orders [Shipbuilding]
An emerging South American shipowner controlled by Petroleos de Venezuela (Pdvsa) is ordering 66 vessels at a shipyard run by Argentina's government. The Venezuelan oil company and Argentina's Defence Ministry said Thursday that the vessels will b...
2009-12-11 07:38:50
Doosan to list in 2011 [Equipment]
South Korea’s Doosan Engine president Lee Sung-hee said Thursday the company would return to profit next year and list on stock market in 2011. Mr Lee said, “In a bid to gain foothold for future growth and make financial position stable, we la...
2009-12-11 07:07:27
POSCO tops the list in Daewoo sale [Finance]
The state-run Korea Development Bank (KDB), main creditor of Daewoo Shipbuilding & Marine Engineering said it would select an advisor for the sale of the shipbuilder next week at the earliest. It has already sent requests for proposals for the sal...
2009-12-11 06:57:24
Hyundai signs Hyundai Corp acquisition [Finance]
The world’s largest shipbuilder Hyundai Heavy Industries of South Korea today signed a contract to buy Hyundai Corp., a compatriot trading firm. At the contract signing participated Hyundai Heavy representative director and president Lee Jae-sun...
2009-12-10 13:57:10
GL urges yards to develop greener ships [Shipbuilding]
Weighing into the carbon debate, a leading figure from the classification sector has called on shipyards to emulate the automotive industry and start series production of greener vessels. "The current situation where shipowners defer newbuilding deli...
2009-12-10 12:01:44
Lindo Shipyard goes green [General]
Green development at Odense Steel Shipyard has now been secured with the establishment of a fund consisting of a few powerful Danish businessmen. OSS, better known as Lindø Shipyard, is being shut down by its owner, A.P. Moller-Maersk. But the n...
2009-12-10 11:52:21
India new yard project [Shipbuilding]
Work is likely to start on a new shipyard in India by the middle of 2010. Bengal Shipyard is a joint venture between Bharati Shipyard and Apeejay Surendra Group. It is costing INR 22bn ($471.6m) and land acquisition problems are now being resolve...
2009-12-10 07:48:57
Product tankers sell for $52m each [General]
Petroleos de Venezuela (Pdvsa) is said to be purchasing four panamax products tankers from Greece's Dynacom. The Venezuelan oil company is buying the New Century-built sisterships for $52m each, numerous brokers have said. Dynacom, an Athens-base...
2009-12-10 07:45:26
France new maritime policy [Shipping]
The French government has initiated an R&D program entitled “ship of the future” as part of a series of measures to mark its adoption of an integrated maritime policy covering all maritime and marine activities for the first time. To oversee the ...
2009-12-10 07:41:45
Italy metalworkers unions to strike [General]
Italy’s main metalworkers unions are gearing up for an eight-hour strike ahead of a meeting between industry representatives and economic development ministry officials in Rome on Friday, according to foreign media reports. In a recent statement, t...
2009-12-10 07:38:37
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