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Fincantieri US unit lays off 400
[General]
Italian shipbuilder Fincantieri-Cantieri Navali Italiani S.p.A.’s subsidiary Fincantieri Marine Group (former Manitowoc Marine Group)’s Bay Shipbuilding in the US is laying off around 400 out of its total workforce of around 700. A notice fil...
2009-08-27 07:02:23
Zhejiang's cost-cutting drive
[General]
China's Zhejiang Shipbuilding is said to have reduced production costs by over 100 yuan ($14) per ton since the turn of this year by introducing advanced designs to five bulkers and offshore platform supply vessels. The shipbuilder has brought in ...
2009-08-27 06:33:09
Shipbuilding up, Risks up too
[Shipbuilding]
According to statistics released by Guangzhou Customs District of People's Republic of China on August 25th, ship export volume of Guangdong province stood at 175,000 ships in total in the first seven months of this year, which jumped 1.4 times from ...
2009-08-27 06:28:36
Korea steps down as No. 1 ?
[Shipbuilding]
China is about to dethrone South Korea as the world’s largest shipbuilding nation in terms of orderbook. While Chinese shipbuilders win new orders on the basis of domestic newbuilding demand and South Korean counterparts accelerate ship deliveri...
2009-08-27 06:20:36
STX Dalian wins Chinese loan again
[Finance]
STX Offshore & Shipbuilding of South Korea said Monday that its Chinese subsidiary STX Dalian Shipbuilding has secured some KRW 329bn ($264m) in loan from China’s Bank of Communications, etc. The Bank of Communications has formed syndicate loan ...
2009-08-26 14:01:13
Blast at Alang shipbreaking yard
[General]
A Polish crewman has died in a blast on board a vessel at an Alang shipbreaking yard in India. Inoski John, 64, was killed and another man, a Filipino, seriously injured in the incident on a chemical tanker named Pow Fortune on Thursday morning in...
2009-08-26 13:43:33
Hapag-Lloyd to get more cash injection
[Finance]
Shareholders of Hapag-Lloyd have agreed to stump up an extra €173m ($247.7m) to help save the ailing German container line, bringing the rescue package to €923m, the city of Hamburg said. Hamburg is part of the Albert Ballin consortium which ...
2009-08-26 12:14:53
Fatal accidents on made-in-China ships
[Shipbuilding]
Recently, about 30 same-type ships built at Xiangshan area of Zhejiang province, China, have been involved in main engine crankshaft accidents following one after another, less than two years after they were constructed. The main engine crankshaft...
2009-08-26 09:23:55
AHTS delayed at Spanish yard
[Offshore]
Sweden’s Rederi AB TransAtlantic says the first of its anchor handler newbuildings ordered in Spain has been delayed by up to four months. The company, which has a 50% interest in the 230-tbp vessel scheduled for the fleet of Viking Supply Ships...
2009-08-26 07:43:27
PGS cancels another one
[Offshore]
Norway’s Petroleum Geo-Services has again axed its newbuilding orderbook by cancelling a second vessel under construction in Spain. The Oslo-listed PGS says newbuilding number 533, a seismic survey ship, has been ditched. PGS says its subsidiary...
2009-08-26 07:39:56
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