Japan fears EU's subsidies [General]
Subsidies for struggling European yards would only distort the global market and sustain overcapacity, Japanese shipbuilding interests have warned. Reacting to calls from European yards for support from the European Commission, officials from the ...
2009-09-16 07:30:29
Scrap-vessel imports soar [General]
Import of scrap-ships in Bangladesh doubled in the last fiscal year due to sharp fall in its prices in the international market boosting the supply of raw materials to the country's steel sector. Local importers purchased 2.2m tonnes of old ships ...
2009-09-16 07:26:56
Russian wins LNG ships [Offshore]
Northern Shipyard in St Petersburg and Gazprom are now preparing contracts on construction of LNG carriers for the Shtokman field. Russian manufacturers of equipment to the petroleum sector are gaining on their foreign competitors. According to Ge...
2009-09-16 07:23:36
Brazilian builds new yard [Shipbuilding]
Brazilian conglomerate EBX is planning to construct a new shipyard to build drillships and other offshore plants. The company aims to launch the BRL 600m ($331m) project in Giguacu, in the southern state of Santa Catarina, according to local media...
2009-09-16 07:19:40
Chinese equipment makers face crisis [Equipment]
Chinese marine equipment manufacturers are expected to suffer a severe damage due to the protracted slump in shipping and shipbuilding market. Considering current market situation, it is unavoidable for the equipment makers to face over-capacity p...
2009-09-16 06:58:22
Nacks to deliver 12 ships as scheduled [Shipbuilding]
Nantong Cosco KHI Ship Engineering (Nacks), a joint venture shipbuilding enterprise between China Ocean Shipping Group Company (Cosco) and Kawasaki Heavy Industries of Japan, is reportedly planning to build 12 vessels this year. According to local...
2009-09-16 06:50:45
Gloomy ‘Shipbuilding Day’ [Shipbuilding]
South Korea’s Ministry of Knowledge Economy (MKE) and Korea Shipbuilders’ Association (Koshipa) held a commemorative ceremony for ‘The 6th Shipbuilding Korea 2009’ on September 15th. The ceremony was attended by about 300 shipbuilding figu...
2009-09-16 06:44:05
Ship exports surpass $50bn [Shipbuilding]
South Korean shipbuilding industry’s export value is forecast to surpass $50bn mark this year for the first time as a single export article. Although shipbuilding industry is facing crisis worldwide, the industry is still given a great deal of w...
2009-09-16 06:38:22
Universal set up shipbreaking yard [General]
In January, Singapore-based shipowner Universal Navigation opened a new shipbreaking facility at Gadani Beach in Pakistan. The new company was established as a partnership with Pakistani steel-industry interests closely related to Universal director ...
2009-09-15 13:39:39
Daewoo, Tsuneishi keep expanding [Shipbuilding]
Despite concerns over chronic overcapacity in the shipbuilding industry, two well-established Far Eastern yards are ramping up their production capacity with fresh investment. South Korea's Daewoo Shipbuilding & Marine Engineering has recently com...
2009-09-15 13:26:16
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