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New noise notation from DNV
[Equipment]
Norwegian classification society DNV is to introduce new notation on underwater noise radiation on January 1st, 2010. ‘Noise from ships must be given a higher priority in both design and construction ... more Noise radiation from ships is a gro...
2009-10-14 08:16:35
Primorsk yard working design
[General]
A detailed working design and state expertise passing of a new shipyard construction in Primorsk (Leningrad region) is planned to be completed in August, 2010. Working documentation preparation will be carried out simultaneously, Georgii Poryadin, Ch...
2009-10-14 08:13:41
Poland probes wrongdoing in yards sale
[General]
Polish Prime Minister Donald Tusk's party suffered another blow Monday with the launch of an investigation into alleged wrongdoing during the auction of historic shipyards in Gdynia and Szczecin, famous for their anti-Communist protests in the 1980s....
2009-10-14 08:08:07
STX Europe to win research vessel
[Shipbuilding]
STX Europe’s Rauma shipyard in Finland may soon win a new order from South Africa. Local media reported that the South African department of environmental affairs and tourism was close to awarding a contract for a EUR 160m ($236.36m) research ve...
2009-10-14 08:06:14
Hyundai Heavy acquires Hyundai Corp
[Finance]
South Korea’s Hyundai Heavy Industries is set to take over compatriot Hyundai Corporation soon. According to an official from Korea Exchange Bank (KEB), Hyundai Heavy Industries consortium and Hyundai Corporation’s creditors group are schedule...
2009-10-14 07:43:14
China ship exports hit $17.7bn
[Shipbuilding]
According to statistics from China's customs office, despite the prolonged slump in shipbuilding industry, the country's exports and imports of ships by August this year markedly jumped from a year ago. Exports amounted to $17.68bn and imports $1....
2009-10-14 07:36:29
Shipping firms in power play
[Shipping]
South Korea’s shipping companies are collectively wielding a big stick against large shippers, insurance companies and foreign rival shipping firms. According to industry sources, the Korea Shipowners’ Association (KSA) representing shipping g...
2009-10-14 07:30:46
Hyundai Gunsan kicks off amid recession
[Shipbuilding]
Hyundai Heavy Industries’ Gunsan Shipyard, which has been under construction in Gunjang National Industrial Complex in Gunsan city, North Jeolla province, South Korea since May 2008 with an investment of KRW 1.2trn ($1.026bn), is set to be complete...
2009-10-13 13:25:11
Shipbuilders’ profitability to fall
[Finance]
South Korean shipbuilders’ growth and profitability are expected to get on the downside since the first half of next year. Seoul-based Samsung Securities analyst Yoon Pil-joong said, “Unless the meaningful recovery in new orders takes place, m...
2009-10-13 11:48:04
Pipavav closes below public issue price
[Finance]
The shares of Pipavav Shipyard made a muted debut on the stock exchange on Friday. Though it opened with a premium of 5.34 per cent at Rs 61.10 ($1.31) over its issue price of Rs 58 on the NSE, it closed at Rs 57, before touching an intra-day low of ...
2009-10-13 07:39:57
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