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Offshore
Shipbuilding
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JSMEA discloses more fake cases
[Equipment]
The Japanese Marine Equipment Association (JSMEA) has revealed further incidents of counterfeit marine products. The JSMEA said two members of the association, Yanmar and Daihatsu Diesel, had reached out-of-court settlements after filing civil la...
2009-07-14 06:54:24
ABG may revise Great Offshore offer price
[Finance]
India’s ABG Shipyard is likely to revise its offer price for Great Offshore next week, after Bharati Shipyard hiked the open offer price to Rs 405 ($8.2) a share from Rs 403. A source said an announcement is expected to be made early next week....
2009-07-14 06:49:45
Chinese to sell cancelled newbuildings
[Shipbuilding]
Ethiopian Shipping Lines (ESL) is in talks with a Chinese shipyard to buy cancelled newbuildings. The national carrier has been wooed by an unnamed Chinese yard looking to find a home for cancelled ships. It is offering nine vessels to ESL, with p...
2009-07-14 06:47:49
Saint Nazaire struggle to avoid lay-offs
[General]
Management of STX France’s Saint Nazaire shipyard say they have not given up hope of avoiding mass lay-offs during the final four months of the year despite a heavy shortfall of work. Personnel at the yard were told last week that 1,500 employe...
2009-07-14 06:44:37
Yangfan wins five 57K bulkers
[Shipbuilding]
Recently, Yangfan Group has signed a contract with Guangdong Lanyue Energy Development to build five 57,000-dwt bulkers under a strategic partnership between them. The key point discussed on the contract was to build the vessel under the name of '...
2009-07-14 06:13:09
Newbuilding prices fall yet again
[Shipbuilding]
The Clarkson Newbuilding Price Index, which stood at 152 points for the fourth consecutive weeks recently, dropped by three points to 149 on Friday last week. VLCC newbuilding price fell by $10m last week from a week earlier to $115m and capesize ...
2009-07-14 06:10:53
SCI orders PSV pair at Cochin
[Offshore]
Shipping Corporation of India (SCI) today announced that the company has inked a shipbuilding contract with Cochin Shipyard on July 9th, 2009. SCI ordered construction of two platform supply vessels of Rolls-Royce UT 755 design at the yard. The sh...
2009-07-13 15:45:03
STX sells all remaining stake in Wadan
[Finance]
STX Europe has ended its involvement with troubled German shipbuilder Wadan Yards after selling its 30% stake to Luxembourg-based Mandataria Finance S.A. The company said, in an announcement that followed the transaction, it holds no shares in Wad...
2009-07-13 14:44:35
Croatia decides to privatize shipyards
[Finance]
Croatia's government decided on Saturday to move forward with privatization of its ailing shipyards, part of reforms required by the European Union, which the country hopes to join by 2011. An international call for tenders will be launched for five ...
2009-07-13 11:56:21
One third of yards to be idle
[Shipbuilding]
Local media quoted the China Association of National Shipbuilding Industry as saying that China's shipbuilding facilities are expected to have idle capacity of more than 20 million deadweight tons or one third of the total after 2011 as new shipyards...
2009-07-13 11:50:49
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