IHI develops huge electric ferry [Shipbuilding]
Japan’s IHI Corp has designed what it claims is the first large electric ferry powered by batteries. The company said the vessel would have a length of 30 meters and carry 800 passengers. While smaller battery-powered boats are already in the wa...
2009-10-16 07:34:23
Daewoo ‘Vision 2012’: KRW24trn sales [General]
South Korea’s Daewoo Shipbuilding & Marine Engineering is putting spurs to finding new engines of growth in an effort to weather the crisis. The world’s second largest shipbuilder has acquired US wind turbine manufacturer DeWind Inc in August ...
2009-10-16 07:00:16
Won’s appreciation oppresses yards [Shipbuilding]
While won-dollar exchange rate is expected to continue to fall for a while, it is attracting shipbuilding players’ attention how it will affect the industry going forward. Recently the Korea Development Bank Research Institute forecast won-dolla...
2009-10-16 06:53:18
Eyeing localization: Plant equipment [Equipment]
South Korea’s plant industry is eyeing home production of plant equipment of which market size stands at KRW 30trn ($25.9bn) or so a year in the country. Chief executives of 16 major firms in the industry met with representatives of 11 equipment...
2009-10-15 15:09:05
China Shipping wins CNY80bn BOC loan [Finance]
Bank of China has signed a co-operation agreement with China Shipping on October 13th to provide CNY 80bn ($11.72bn) in loans, local media reported. Since establishment, China Shipping has developed a close relationship with Bank of China and it f...
2009-10-15 13:59:42
STX produces gigantic ship engine [Equipment]
STX Heavy Industries of South Korea has made inroads into the ultra-large marine engine sector successfully. It held a ceremony on October 15th for the first production of its 12K98MC-C engine, the large low-speed marine engine to be installed in ...
2009-10-15 11:45:35
Sino-Russian build New yard [Shipbuilding]
Today, Russia and China are set to sign an agreement on building a large shipyard in the city of Vladivostok. $200m is expected to be spent on the yard, which sees Yantai Raffles of China and United Shipbuilding Corporation of Russia coming together....
2009-10-15 10:48:21
DCNS may buy Gdynia [Finance]
French naval contractor DCNS could buy a stake in Poland’s Gdynia shipyard in return for the sale of two submarines. Local media, citing unnamed sources, claimed the deal may go through because Poland wants to play a big role in NATO and needs s...
2009-10-15 07:51:45
KG owners' predicament hits yards [Finance]
It appears that the future move of Germany's KG shipowners, now mired in a credit crunch hitting Europe, will impact the newbuilding market. In particular, there is concern that even more changes could be made to newbuilding contracts for contain...
2009-10-15 07:49:53
Italy yards call for incentives [Shipbuilding]
Representatives of Italy’s shipbuilding industry have called on the government to incentivize fleet renewal, help free up export credit guarantees, and push forward newbuilding projects at state-controlled companies, foreign newspaper reports. At a...
2009-10-15 07:46:48
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