India shipping ministry mulls new yard [Shipbuilding]
With the stage set for transfer of Hindustan Shipyard Limited (HSL) to the Ministry of Defence, the Ministry of Shipping has decided to use the amount it would get as compensation from the new owner for establishing a large shipyard on the East Coast...
2009-12-02 07:23:36
Endgame in battle for Great Offshore [Offshore]
The race to acquire Great Offshore appears to have entered into its final lap, with Bharati Shipyard and ABG Shipyard gearing up to make the open offer which has been cleared by the regulator — SEBI. Both parties are expected to begin their off...
2009-12-02 07:20:21
CSBC cuts raw material costs [Finance]
It is reported that since Taiwan's China Steel Corporation (CSC) has announced to cut its ship plate price by TWD 1,000 (USD31.1) per ton in January and February 2010, CSBC Corporation may be able to reduce their raw material costs by TWD 22 millions...
2009-12-02 07:17:10
Fincantieri wins cruiseship [Shipbuilding]
On Tuesday, Carnival confirmed that it had ordered a 130,000-gt sistership to the Carnival Dream from Italian state shipbuilder Fincantieri for delivery in 2012. The vessel, the third in the series — a second ship, Carnival Magic, is due fo...
2009-12-02 07:14:05
CMA CGM to cancel 15 boxships [Shipping]
CMA CGM is seeking to cancel 15 small containerships as part of a much wider restructuring of its huge orderbook, foreign media reports. South Korean shipbuilders are now considering a series of proposals from the French line that is stepping up t...
2009-12-02 07:09:16
Orders rising in China [Shipbuilding]
Chinese shipbuilding market is showing gradual improvement as the year nears the end. China Association of the National Shipbuilding Industry (CANSI) said Tuesday that Chinese shipyards have secured new orders of 19.11m tons in the period between ...
2009-12-02 06:35:17
China beats Korea in new orders [Shipbuilding]
Chinese shipbuilders are highly likely to beat South Korean rivals and rank first in the world in terms of new order intakes this year. With global newbuilding orders so far this year standing at just about 10m gt, South Korea is set to step down ...
2009-12-02 06:31:17
Hyundai, all-around heavy industry firm [General]
South Korea’s Hyundai Heavy Industries is expected to post much increased business results in non-shipbuilding divisions including offshore and industrial plant sectors. Seoul-based Woori Investment & Securities analysts said, “Hyundai's ratio...
2009-12-01 14:04:07
ClassNK opens Indian survey office [General]
Japanese ship classification society Nippon Kaiji Kyokai (ClassNK) announced the establishment of a new survey office in Dahej, Gujarat, India on December 1st 2009. Establishment of the new survey office at Dahej supplements the four ClassNK exclusiv...
2009-12-01 12:20:42
Wind power drives shipbuilders [General]
The invention of the steam engine in the 19th century freed ships from dependence on wind as their driving power. Two centuries later, however, wind is now a savior for Korean shipbuilding firms, which are desperately searching for a new growth e...
2009-12-01 11:57:52
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