MHI eyes Y300bn ($3.2bn) orders in 2012 [Offshore]
Japan’s Mitsubishi Heavy Industries (MHI) is undergoing a thorough reorganization of its shipbuilding division and it hopes this will trigger its entry into offshore and ocean development projects. MHI executive vice president Shiro Iijima outlined...
2009-07-10 07:39:11
Imabari eyes output milestone [Shipbuilding]
The group of family-owned shipyards that dot the coastline of Japan’s inland Seto Sea has long been dominated by the Imabari Group of shipyards. The shipyards remain secretive and vessels built there are revealed only at half and full year. But ...
2009-07-10 07:36:17
Japanese immune from cancellations? [Finance]
Representatives of Japan’s shipbuilding industry claim the industry has not suffered cancellations in the way their rivals in South Korea and China have. The reason, they offer, for this state of affairs is that, for the most part, Japanese owne...
2009-07-10 07:33:55
Alba newbuilding program on track [Shipbuilding]
Alba Maritime Services president Sotiri Dushas has confirmed that most of his company’s newbuilding program is in place, despite the transfer of three units to one of the company’s banks prior to their resale to another owner. The status of Alba ...
2009-07-10 07:29:40
Doubts over EU ship scrapping scheme [Shipping]
Brussels’ ship scrapping plans face rough going after Europe’s shipowners expressed doubt any such scheme would be feasible. The European Commission is understood to be looking to transfer a successful car scrapping scheme to the maritime sec...
2009-07-10 07:27:27
Nesse Werft files for bankruptcy [Finance]
German shipyard Nesse Werft has filed for bankruptcy. The move comes after Huelin-Renouf Shipping of the UK refused to take delivery of a 3,600-dwt containership after the yard fell four months behind its delivery schedule. A one-ship company nam...
2009-07-10 07:25:23
Yards still strong in cancellation talks [Shipbuilding]
Shipbuilders are in a strong position when it comes to dealing with shipowners seeking order delays and cancellations. Martin Stopford, managing director of Clarksons Research Services, said the total orderbook of more than $500bn was broadly cov...
2009-07-10 07:22:23
Financing woe hinders Greek expansion [Finance]
With China having emerged from the beginning of the year as a potential “threat” to Hellenic shipping companies’ leading position in the sale and purchase market for secondhand vessels, Petrofin Research’s latest survey reflecting various sta...
2009-07-10 07:20:21
Cargotec wins Sungdong hatch orders [Equipment]
Cargotec, a Finnish supplier to the bulk carrier market, has recently secured orders worth over €9m ($12.5m) from Sungdong Shipbuilding & Marine Engineering of South Korea for 10 shipsets of hatch covers. They will be installed on bulk carriers ...
2009-07-10 06:51:21
Chinese equipment cancellation rate 20% [Equipment]
Chinese marine equipment makers are faced with difficulties in receiving new orders and delivering component products due to shipbuilding market slump. Affected by South Korean rivals' bargain sale of ship components such as main engines and screw...
2009-07-10 06:47:45
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