Stop new facilities [Shipbuilding]
China’s State Council has called a halt of construction of new shipyards in China over the next three years in order to curb overcapacity in its shipbuilding industry. However, analysts and shipbuilders said that the measure would not immediate...
2009-10-01 07:08:47
Hyundai exports wind turbines to the US [General]
South Korea’s Hyundai Heavy Industries, which is putting spurs to its new and renewable energy business, said Wednesday that it has inked a contract with Wave Wind of the US to supply six 1.65MW wind turbines. Under the contract, both companies ...
2009-10-01 06:40:35
Carried on Marine stimulus resolution [General]
In South Korea, the Shipping-Shipbuilding Co-Development Resolution has passed the Assembly plenary session and a special law is expected to be enacted to bolster shipping and shipbuilding industry. The Assembly plenary session unanimously passed ...
2009-10-01 06:36:17
Russian super yard gets financing [Finance]
Vnesheconombank (VEB), the Russian Development Bank, has approved granting of the first tranche to the amount of RUB 700m ($23.26m) to Vyborg Shipyard JSC (Leningrad region) for construction of a new shipyard in Primorsk (Leningrad region), local med...
2009-09-30 13:00:52
Cosco Dalian delivers first newbuilds [Shipbuilding]
The Board of Directors of COSCO Corporation (Singapore) Limited wishes to announce that its subsidiary COSCO (Dalian) Shipyard has delivered a pair of newbuildings, the first-ever vessels the shipyard has built. They are 57,000-dwt bulk carriers, ...
2009-09-30 12:40:37
USC boosts Far Eastern shipbuilding [Shipbuilding]
The Board of Directors of Russia’s United Shipbuilding Corporation (USC, Russian: OSK) has approved the concept for shipbuilding development in the Far East, Governor of Khabarovsk Territory Vyacheslav Shport said at the meeting of OSK BoD held in ...
2009-09-30 12:27:04
Orient delivers its first newbuilding [Shipbuilding]
South Korea’s Orient Shipyard has delivered its first-ever newbuilding to compatriot Sunwoo ST on September 30th. The ship, named ‘Ocean World’, is the first in 33,300-dwt bulk carrier series ordered by the shipowner at the yard. Orient S...
2009-09-30 11:08:37
Lloyd Fonds cancels 8 [Shipping]
Lloyd Fonds has slashed its newbuilding program by eight ships. The cancelled ships comprise four 118,000-dwt bulkers and four 3,400-teu containerships worth $458.8m in total. The German ship fund manager declined to identify where the ships were ...
2009-09-30 07:31:18
Brazil imports steel for newbuildings [Equipment]
Brazil plans to import steel plate from China and South Korea for Transpetro’s massive newbuildings. Although Brazil is one of the world’s top steel producers, a considerable share of the plate for the 49 tankers and gas carriers to be built f...
2009-09-30 07:26:41
Cosco suffers further cancellations [Shipbuilding]
Cosco Corp (Singapore) has again taken a hit by order cancellations and delivery delays. Related company Cosco International Ship Trading has chopped an order for two car carriers on the same day as a mystery European shipowner held up the deliver...
2009-09-30 07:23:09
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