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Offshore
Shipbuilding
Equipment
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Shipping
General
Market Information
Column/Contribution
Reportage/Interview
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Dubai World businesses as usual
[Offshore]
All three maritime industries affiliates of Dubai World are confident that they will not get caught up in the flak surrounding their parent concern’s shock debt moratorium request, in a development that will reassure customers that include many of ...
2009-11-30 07:11:00
ASRY expansion on track
[General]
Shipping’s difficulties are having an impact on repair bookings at the Arab Shipbuilding and Repair Yard Co (ASRY) but ambitious expansion plans are proceeding on schedule. This was exactly the right time to be undertaking expansion at the Bahra...
2009-11-30 07:07:30
Almaz turns into net losses
[Finance]
Net loss of Almaz Shipbuilding Company OJSC (SC Almaz OJSC, St.-Petersburg) amounted to RUR 86.215 mln ($2.9 mln) under RAS against the profit of the previous year of RUR15.848 mln. As per the information provided by the company, an income within...
2009-11-30 07:05:19
Fate of Gdynia determined
[Finance]
News emerged confirming earlier reports that deals had been closed regarding the sale of assets at the Gdynia Shipyard, which was close to bankruptcy. Among the two buyers of the main assets of the shipyard is state-owned Nauta shipyard. The n...
2009-11-30 07:02:30
"Marintec China 2009" all ready!
[General]
Shipbuilders may be in the doldrums with a lot of orders cancelled or delayed while the tanker and container shipping sectors are still faced with difficulties. But the global maritime industry will turn out in force next week for the biennial Mar...
2009-11-30 07:00:09
Sungdong achieves $1bn exports
[Shipbuilding]
South Korea’s Sungdong Shipbuilding & Marine Engineering said it is set to win the “$1bn Export Tower” Monday. The shipbuilding company has achieved export value of more than $1bn in the past one year despite difficult economic conditions. ...
2009-11-30 06:28:10
Japanese face crisis
[Shipbuilding]
Pessimism is reportedly beginning to spread among Japan's large shipbuilders. Newbuilding orders drought, which started since the fall of 2008, is not expected to be resolved in the near future and maintaining a certain level of profitability is a...
2009-11-30 06:24:09
Orders dry spell continues
[Shipbuilding]
New ship orders drought and bearish newbuilding prices are expected to continue in 2010. Seoul-based Woori Investment & Securities said in its latest report on shipbuilding prospects for 2010, “Supply and demand situation in global shipbuilding ...
2009-11-30 06:17:00
Hyundai Samho wins $3bn export award
[Finance]
Hyundai Samho Heavy Industries said Friday that will win ‘$3bn Export Tower’ on November 30th. Hyundai Samho, one of South Korean major shipbuilders, achieved exports of $3.43bn in the one-year period between July 2008 and June 2009. The sh...
2009-11-27 14:22:38
Samsung vs Daewoo: Almi suez orders
[Shipbuilding]
South Korea’s Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering are said to be competing for a newbuilding contract from Almi Tankers of the Greece. The shipowner is the tanker arm of Fairsky Shipping & Trading and it is plan...
2009-11-27 13:38:18
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