China Cosco turns into red [Shipping]
China Cosco Holdings, the Hong Kong-listed liner and dry bulk shipping subsidiary of China’s largest shipping company, has reported a steep first half loss of Yuan4.6bn ($673m). That compares with a Yuan15bn profit a year earlier. China Cos...
2009-08-28 07:30:07
MoD to take over Hindustan Shipyard [General]
Keen to increase the Indian Navy’s blue-water capability and improve self-sufficiency in defence production, the Ministry of Defence is to take over the Hindustan Shipyard at Visakhapatnam from the Union shipping ministry. The matter is before t...
2009-08-28 07:28:01
Aker Phil negotiating uncertain waters [Shipbuilding]
With the global recession crimping demand for petroleum products, offshore drilling, and new ship orders, Aker Philadelphia Shipyard is feeling the pinch. The nine-year-old shipyard delivered its seventh product tanker in June and has orders for ...
2009-08-28 07:23:37
Indonesia injects $44m into state yard [Finance]
To keep the company afloat, Indonesian government has agreed to inject US$44 million into the ailing state-owned shipbuilder PT PAL Indonesia. Saving PAL is in the government's best interests as the government aims to meet military procurement dem...
2009-08-28 07:21:33
STX may win Russian naval vessel [Shipbuilding]
The Russian military high-command has raised hopes of much-needed fresh work at STX Europe’s Saint-Nazaire shipyard after announcing that it is mulling placing an order for a command and projection vessel in France. General Nikolaï Makarov...
2009-08-28 07:19:11
China shipping firms boost shipbuilding [Shipping]
A. P. Moller-Maersk Group recently announced it will give up shipbuilding business at its subsidiary Odense Steel Shipyard in Denmark when its order backlog of 14 vessels is completed as losses continue in the sector. The news is not quite surpris...
2009-08-28 06:51:33
New Century delivers 21 tankers by July [Shipbuilding]
An official from New Century Shipbuilding of China said the company has delivered 21 ships totaling 1.86m dwt in the first seven months of this year, and of them, 13 ships were 73,000-dwt class oil tankers with the rest eight being 114,000-dwt tanker...
2009-08-28 06:41:33
Chinese lose 172 ship orders [Shipbuilding]
The China Association of National Shipbuilding Industry (CANSI) said in an official report released on August 20th that Chinese shipbuilders suffered order cancellations of 172 ships totaling 5.95m dwt in the period between October last year and July...
2009-08-28 06:34:40
Fresh order impending for Big 3 [Offshore]
Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder, and its rivals may end a dry spell in new orders after Australia approved the $42bn Gorgon LNG project. HHI, Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Indus...
2009-08-27 14:49:42
Hitachi develops welding-predicting software [Equipment]
Japanese shipbuilder Hitachi Zosen has developed a software which predicts heat transformation during steel plate welding. Repeated deformation could lead to breakdown, and so the variation should be minimized by partial heating after welding. It ...
2009-08-27 13:47:35
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