Chinese yards restructuring underway [Shipbuilding]
It is reported that shipbuilding industry eyed a gentle recovery in new ship orders lately, but experts from China Association of National Ship Industry thought the real recovery wouldn’t come so early and the downturn would dominate the industry f...
2009-12-08 07:11:59
Petrobras fixes 12 newbuildings [Shipping]
Brazilian shipowners and shipbuilders are in for another windfall after state-owned energy company Petrobras agreed to charter 12 newbuildings for up to 15 years in the latest tender round. Petrobras has recently inked long-term charters for 12 ne...
2009-12-08 07:06:31
Yard subsidy levels to be monitored [Shipbuilding]
Leading shipbuilding nations have decided to intensify keeping track of government support measures for the industry in a bid to minimize market distortion. Members of the shipbuilding working party at the Paris-based Organisation for Economic Coo...
2009-12-08 07:01:02
Panasia gets BWTS approval [Equipment]
South Korean marine equipment maker Panasia said Monday that it had received government approval for its ballast water treatment system (BWTS) on December 4th. It took two years and four months for approval of the product since it applied for IMO ...
2009-12-08 06:38:33
Diversification bearing fruit [Shipbuilding]
South Korean shipbuilding companies, which returned to the world's No. 1 position in new orders in November, seem to be bearing fruit in business diversification. They are now more focused on specialized vessels or offshore project vessels apart f...
2009-12-08 06:34:51
China will be No. 1, says BV [General]
China’s shipbuilding industry will continue to increase its productivity and enhance its quality, says a senior official at French ship classification society Bureau Veritas (BV). Bernard Anne, executive vice president of BV’s marine division,...
2009-12-07 13:47:23
Hyundai’s ‘Tree of Hope’ [General]
World’s No.1 shipbuilder Hyundai Heavy Industries has set up a great Christmas tree in front of the main entrance of its head office in Ulsan, South Korea. The company has achieved exports of $15bn this year despite economic crisis.
2009-12-07 11:59:45
Indonesian yards seek Chinese help [Shipbuilding]
Indonesia is hoping to woo China for cash and expertise as it tries to bolster its struggling shipbuilders, foreign media reports. Reports out of Jakarta say Indonesian industry minister MS Hidayat raised the idea of Chinese shipyards investing in...
2009-12-07 11:42:05
Pipavav panamax pair cancelled [Shipbuilding]
Indian emerging shipbuilder Pipavav Shipyard has lost orders from a major client due to construction delays. Golden Ocean has cancelled orders for two 75,000-dwt panamaxes at the yard, foreign media reported. Chief executive Herman Billung confirm...
2009-12-07 11:30:28
Croatia mulls second yard sale [Finance]
Croatia plans to make another attempt to sell off five shipyards in January next year after the previous tender failed. The country must privatize the shipbuilders and stop subsidies if it wants to join the European Union, but it rejected two bid...
2009-12-07 07:26:36
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