Dohle seeks state help [Finance]
Peter Dohle Schiffahrts has emerged as the latest owner to apply to the German state for financial aid. The Hamburg owner has confirmed it is seeking low interest loans from the state to finance its newbuildings. In a statement issued Monday, D...
2009-10-27 07:29:51
Hyundai orders down 72% [Shipbuilding]
A run of six months without single fresh newbuilding contract dragged down orders at Hyundai Heavy Industries in the first nine months of 2009. Seoul-listed HHI booked orders worth $7.47bn between January and September, 72% down on a year ago, it ...
2009-10-27 07:27:55
Vinashin saw 15.7% of orders canceled [Shipbuilding]
Vietnam Shipbuilding Industry Corporation (Vinashin) said 15.7% of its $4.1bn orderbook has been cancelled. Vinashin made inroads into shipbuilding arena in late 2004 and rapidly built up a major orderbook. However, the state-owned shipyard group ...
2009-10-27 07:20:14
India to build two shipyards [Shipbuilding]
The shipping ministry has asked two state-owned shipyards to carry out feasibility studies and help build two new shipyards, one each on the east and west coast, three years after two government ports were told to do the job, and four years after the...
2009-10-27 07:16:06
Steel prices slide in China [Equipment]
Chinese steel prices prolonged downward trend for nearly consecutive eight weeks before National Day Holiday with shipbuilding plate price falling by CNY 600 per tonne to CNY 800 per tonne in several China major cities. However, steel inventory is st...
2009-10-27 07:13:50
$1bn Brazil yard plan [Shipbuilding]
Negotiations are under way to build a shipyard at Brazil's Sao Paulo state, the country's port minister said. Pedro Brito, the federal special secretary for ports, said the project will involve some $1bn in investments in a new facility adjacent t...
2009-10-27 07:10:20
Daewoo plans $1.5bn Russian yard [Shipbuilding]
South Korea’s Daewoo Shipbuilding & Marine Engineering and Russia’s United Shipbuilding Corp have reportedly agreed to create a joint venture to build a R45bn ($1.55bn) shipyard in Russia’s Far East. United Shipbuilding will have a controlli...
2009-10-27 07:07:40
Alu Design wins 10th order [Equipment]
Alu Design & Services, a Norwegian company that specializes in marine pilot seats and mounting tracks and rails, recently announced that it has received its 10th contract from Maritime Montering AS, a global supplier of complete marine accommodation ...
2009-10-27 06:36:31
Chinese face 'W' orders recession [Shipbuilding]
After a short-lived rally in new orders, Chinese shipbuilders are now faced with a severe slump again. According to the statistics released by Clarkson Research Services this month, the country's yards secured new orders of 520,000 dwt in Septembe...
2009-10-27 06:31:44
KDB steps in to help finance newbuilds [Finance]
The state-owned Korea Development Bank formed a $1.8 billion fund to help pay to fill orders at the country’s shipyards as commercial banks pare financing on tumbling vessel prices. “State companies like us have to step in and fill some of th...
2009-10-26 15:29:41
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