CMA CGM seeks state aid [Shipping]
CMA CGM has reportedly approached the French government about a potential support to tide it through the recession. Senior managers from the world’s third largest liner company have held talks with France’s finance ministry, according to forei...
2009-09-29 14:35:23
Bulker cancellations to hit 40% [Shipping]
According to industry players, bulker fleet oversupply situation is expected to continue and freight rates are likely to be kept subdued until 2012. A shipping analyst said a considerable number of shipowners have been quick in cancelling bulker n...
2009-09-29 13:43:31
Dutch shipbuilder plans Indian unit [Equipment]
Dutch shipbuilding group IHC Merwede plans to set up a facility in India to manufacture dredging equipment. “We are planning to set up a unit in India in the next few years as the Indian maritime industry is growing,” IHC Merwede Dredging and ...
2009-09-29 11:54:28
Western builds $100m yard [Shipbuilding]
Bangladesh’s Western Marine Shipyard is planning to construct its second domestic yard next year. The company is in talks with South Korean, Japanese and Danish interests over a $100m facility at Anwara. It already has a yard at Colagoan. Bos...
2009-09-29 07:45:14
Russian builds 30 newbuildings [Shipping]
Russian steel oligarch Vladimir Lisin’s holding company has launched a big newbuilding spree for fleet renewal. Universal Cargo Logistics Holding (UCLH), which has busily been acquiring shipping companies and ports in the last few years, will re...
2009-09-29 07:41:11
Petrobras not to order at Maua [General]
Petrobras has decided not to place orders at Brazil's Maua Shipyard because of a 2007 fraud investigation, according to newspaper reports. A local media says the state-run oil and gas company has decided to consider the Niteroi yard ineligible for...
2009-09-29 07:38:36
Zhoushan shipyards take the lead [Shipbuilding]
Chinese shipbuilders in Zhoushan city, Jiangsu province, are likely to outperform other shipbuilding hubs in terms of revenue as a result of steady demand from shipowners specializing in China’s domestic trade, foreign media reports. Leading shi...
2009-09-29 07:35:44
Bangladeshi shipbuilding potential [Shipbuilding]
Shipbuilding could become Bangladesh's second largest export currency earning production industry by the year 2015. If it is to reach its potential, and indeed flourish as a pillar of Bangladesh's economic development, the ground must be laid to f...
2009-09-29 07:33:41
Korean shipbuilding still faces downturn [Shipbuilding]
Future prospects for Korean shipbuilders are cloudy as demand for new ships remains weak amid economic uncertainties, a survey showed. According to the survey of key 18 sectors conducted by the Federation of Korean Industries (FKI), the local ship...
2009-09-29 07:31:14
9 Singaporean yards fined, warned [General]
Nine Singaporean shipyards have been fined and warned for safety lapses following a surprise check by Manpower Ministry (MOM) officers earlier this month. The inspectors found faults at all the nine shipyards they checked and dished out 25 warning...
2009-09-29 07:29:09
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