Fire took place at Hudong-Zhonghua [General]
A fire broke out on a containership under construction at Changxing Island-based Hudong-Zhonghua Shipbuilding, where gantry crane collapsed last year. According to local sources, a fire occurred in a lower part of an 8,530-teu large boxship being ...
2009-06-29 16:38:19
SPS repair project successfully completed by CSIC [Equipment]
In an 18 day project completed in June at China Shipbuilding Industry Corp’s Shanhaiguan yard, tanktops were reinstated on board the 150,940-dwt capesize bulk carrier Star Ypsilon, owned by Greek shipmanagement company Starbulk S.A., a wholly owned...
2009-06-29 15:38:20
Shipbuilding fund confident of target [Finance]
The 20-billion-yuan shipbuilding industry investment fund is well on track to raise the targeted funds by the end of this year despite its slow start, according to a senior government official. China shipbuilding industry investment fund, based in...
2009-06-29 15:29:47
China keeps growing [Shipbuilding]
Although many analysts keep doubting about whether aggressive Chinese shipbuilders will manage to produce the larger part of the new building orders, mainly of dry bulk carriers, placed during the past couple of years, one thing seems almost certain;...
2009-06-29 12:34:24
Bulgaria provides stimulus package [Finance]
Bulgaria was set to provide a BGN 50 million credit line to the shipbuilding and shiprepair sectors, PM Sergey Stanishev announced in Varna yesterday. In his words, the money would come from the state budget and would be managed by the Bulgarian ...
2009-06-29 12:22:49
Samsung-OPK co-operate on shipbuilding [Offshore]
Russian conglomerate United Industrial Corp. (OPK) announced on June 19th that it has signed a memorandum with Samsung Heavy Industries (SHI) of South Korea on mutual co-operation in the shipbuilding business. In January it made a similar arrangem...
2009-06-29 12:06:12
Hanjin returns to offshore plant [Offshore]
South Korea’s Hanjin Heavy Industries & Construction plans to return to offshore business after a 32-year absence. HHIC said it had established a 60-strong team to recapture a place in the offshore market, amid the absence of any commercial ship...
2009-06-29 07:16:16
European yards on recruitment drive [General]
European shipyards are to push on with a recruitment program despite the massive downturn in new orders now threatening the survival of the industry. After a board meeting the Community of European Shipyards’ Associations decided to press on wit...
2009-06-29 07:13:17
Fincantieri threatens to re-collect wage [Finance]
Fincantieri has threatened to demand the return of payments made to workers under a new contract if it loses a case brought in a Venice labor court by metalworkers’ union Fiom. Fiom filed suit last week, charging the company with anti-union beha...
2009-06-29 07:11:02
35 VLCC orders to be delayed/canceled [Shipbuilding]
Up to a fifth of the world’s tanker orderbook is likely to be cancelled or deferred, says Overseas Shipholding Group chief executive Morten Arntzen. He said no one actually knew how many very large crude carriers were on order as estimates varie...
2009-06-29 07:08:10
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