Hyundai joins OPK upgrade [General]
Hyundai Heavy Industries of South Korea has joined the queue of leading Asian shipbuilders eager to help United Industrial Corp (OPK) of Russia gain a share of the shipbuilding bonanza that will result from the development of oil and gas projects on ...
2009-07-15 07:13:31
MAN Diesel sees no more cancellations [Equipment]
MAN Diesel expects that the main wave of order cancellations has peaked. “From now on we will mainly see the postponement of orders,” said MAN Diesel CEO Georg Pachta-Reyhofen. The German engine maker was hit by two waves of cancellations, in ...
2009-07-15 07:11:15
Chinese shipbuilding capacity to be idle [Shipbuilding]
There are some concerns arising in Chinese shipbuilding industry upon its bloated shipbuilding capacity. According to local sources, a senior official at the Economic Commission of China's National Political Negotiations Conference said new shipbu...
2009-07-15 06:48:04
China yards offer low price newbuilding [Shipbuilding]
Chinese shipbuilders are offering low prices for newbuildings to domestic shipowners. According to local sources, Chinese shipbuilders are imposing substantial penalties to foreign shipowners who called for delay in newbuilding delivery while on t...
2009-07-15 06:41:42
Korean develops Anti-Heeling System [Equipment]
TankTech, a marine equipment maker located in Noksan Industrial Complex in Busan, South Korea, announced that it has succeeded in developing ‘Anti-Heeling System’ using two-way propeller pump, after two-year long R&D activities. Anti-Heeling S...
2009-07-15 06:37:10
Doubts on new orders: Fresh order or resale? [Finance]
Industry players are in doubt whether recent newbuilding order-intakes by some Chinese shipbuilders amid global economic downturn are indeed ‘new orders’. They believe market recovery will not come in near future and order receipts that shipbu...
2009-07-15 06:33:13
Sungdong, Daehan to win new orders soon [Shipbuilding]
Sungdong Shipbuilding & Marine Engineering and Daehan Shipbuilding in South Korea are reportedly about to win newbuilding orders. According to market sources, the shipbuilders of middle standing appear to be in final negotiations for capesize newb...
2009-07-14 16:39:09
Zim takes delivery of mega-ships [Shipping]
Israeli shipowner Zim said the delivery of the first of 12 new mega containerships will leave it better prepared for the market environment after the downturn. The 8,400-teu Zim Los Angeles vessel was delivered on July 13th and the 10,000-teu Zim ...
2009-07-14 16:07:44
Komarno shipyard wins refinancing [Finance]
A Slovakian shipbuilder in Komárno will not have to lay off one fifth of its 1,000 workers after Economy Minister Ľubomír Jahnátek agreed to provide long-term loans to build ships from a state-owned bank, local media reports...
2009-07-14 15:52:38
STX recruits take cruiseship training [General]
STX Corporation of South Korea launched a training tour on July 10th for its 2009 first half new employees. The ‘Sea God Challenger’ cruiseship training tour visits major cities in China including Dalian and Shanghai for nine days in total. ...
2009-07-14 13:43:22
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