Newbuilding deliveries slow down [Shipbuilding]
New ship deliveries marked the lowest level in August, which is lower than expected at the start of the year. According to industry statistics, bulker deliveries fell 53% month-on-month to 2.06m dwt in August, dampening the upward trend during the...
2009-09-24 13:59:14
Siem to order a pair of OSRVs [Offshore]
Siem Offshore is to order two oil spill recovery vessels (OSRV) on the back of a seemingly lucrative long-term contract with Petrobras. The ships, to be operated by unit SIEM Consub, will be built in Brazil, paving the way for the owner to transfe...
2009-09-24 07:18:33
Last chance for Polish yards sale [Shipbuilding]
Poland is preparing its crucial last shot at finding a buyer for the Gdynia and Szczecin shipyards. The country’s Agency for Industrial Development will try to encourage almost 200 investors to participate, local media reported. After recent ...
2009-09-24 07:11:44
Russia modernizes shipyards [Shipbuilding]
Russia’s shipyards are embarking on huge investment in new facilities. This is despite concerns that newbuilding costs are higher and production schedules longer at Russian yards compared with Asian and European shipbuilders. Outlining the opportun...
2009-09-24 07:09:18
European out of work in 2011 [Shipbuilding]
European shipbuilders will start to run out of work in 2011 if the newbuildng orders drought continues, a top executive at the Community of European Shipyards’ Associations (Cesa) warned Wednesday. Cesa secretary general Dr Reinhard Lüken s...
2009-09-24 07:05:03
Emissions trading scheme unveiled [General]
Cap and trade is the only way to guarantee an overall reduction in CO2 emissions from the shipping industry, according to a new industry discussion paper launched Wednesday. Backed by the shipping industry associations of Australia, Belgium, Norwa...
2009-09-24 06:54:54
Croatia pushes ahead with privatization [Finance]
Croatia is setting in play the sale of its six shipbuilding yards as the country prepares itself for membership of the European Union. The tenders are being run and organized by the Croatian Privatisation Fund, HFP, which has said it wants submiss...
2009-09-24 06:51:10
OECD shipbuilding talks resume ? [General]
Despite concern from Europe about the continued level of state subsidies and guarantees offered to the Asian shipyards, the next meeting in December of the shipyard working group at the Organization for Economic Co-operation and Development is unlike...
2009-09-24 06:48:01
China speeds up toward No.1 [General]
China’s shipbuilders may be concerned about the orders drought over the past year, but they are determined to continue its journey towards China being the world’s largest shipbuilding nation by 2015. Plans to become the world’s number one we...
2009-09-24 06:44:55
Pipavav fixes IPO price at INR58 [Finance]
India's Pipavav Shipyard Ltd. Tuesday priced its proposed initial public offer at INR58 ($1.21) after the share sale was subscribed almost nine times last week. The issue was fixed in the INR55-INR60 indicative price band and was open for subscri...
2009-09-24 06:41:04
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