Japan orderbook below 60m grt [Shipbuilding]
Japanese shipyards had a combined order backlog of 1,216 export ships totaling 59,874,159 grt (26,536,916 cgt) as of the end of August 2009, according to statistics compiled by the Japan Ship Exporters' Association (JSEA). At the peak time as of end-...
2009-09-17 07:47:25
Steel price interrupts Newbuild talks [Equipment]
Japanese shipbuilders will go all out in the computation of costs and other preparations for newbuilding talks in the future toward the conclusion of the negotiations for the price of steel plates used in shipbuilding. However, the relatively higher ...
2009-09-17 07:42:37
Chinese ship financing to be limited [Finance]
Chinese private shipbuilders doubt that local banks will relax their lending policies toward foreign shipowners after the state-owned Export-Import Bank of China provided $389m to US-listed Overseas Shipholding Group (OSG). Wu Yiwen, executive direct...
2009-09-17 07:40:01
Wuchang-Minsheng join forces [Finance]
One of China’s largest banks has teamed up with a shipbuilder in central China to expand business opportunities for both companies. Under the plan, Minsheng Financial Leasing, an offshoot of China Minsheng Banking Corporation, will refer shipown...
2009-09-17 07:37:03
Chinese yards see orders down 82% [Shipbuilding]
Chinese shipyards saw an 82% decline to 11m dwt in new orders placed by owners in the first eight months this year as a result of continuing weak demand. Analysts expect the number of new shipbuilding orders won by Chinese shipbuilders to remain i...
2009-09-17 07:34:42
STX eyes Hyundai Corp [General]
STX Corp, the South Korean holding company overseeing STX shipping and shipbuilding interests, has become the latest company to express interest in buying a controlling stake in trading and resources conglomerate Hyundai Corp. The company confirmed i...
2009-09-17 07:30:36
Sasebo completes PSPC-Cape [Equipment]
Japan’s Sasebo Heavy Industries delivered the 180,000-dwt capesize Alexandra P that was built at the Sasebo Shipyard. As the first in the series of 180K capesizes to be constructed by Sasebo, the newbuilding was turned over to the contracting shipo...
2009-09-17 07:28:26
Hyundai builds New Brazilian yard [Shipbuilding]
The world’s largest shipbuilder Hyundai Heavy Industries of South Korea has signed a letter of intent to partner with Brazil’s conglomerate EBX to construct a new shipyard in Brazil. In addition to disclosing the deal with Hyundai, EBX directo...
2009-09-17 07:24:35
Qualitative growth needed [General]
South Korean shipbuilders would have to continue technology innovation as well as restructuring in order to keep the world’s No. 1 spot. Korea Shipbuilders’ Association chairman and Hyundai Heavy Industries president Choi Kil-seon said on Sept...
2009-09-17 06:46:22
Ship financing flows again from China [Finance]
Financing for shipbuilding and shipping industry is forecast to start trickling in China soon. Chinese banking institutions had only focused on the motor and real estate industries in the past, and European and US banks had mostly dominated the wo...
2009-09-17 06:42:30
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