Samsung names Petrobras drillship [Shipbuilding]
Samsung Heavy Industries of South Korea held a naming ceremony for a drillship at its Geoje Shipyard today. The vessel had been ordered by Brazil’s Petrobras at Samsung on July 19th 2006 for $590m. The drillship was named ‘Petrobras 10000...
2009-06-26 16:24:24
Gazprom meets with domestic shipbuilders [Offshore]
Led by Alexander Ananenkov, Deputy Chairman of Gazprom Management Committee, the Company’s delegation continues its business trip to Saint Petersburg. The delegation recently visited the shipbuilding plants in Saint Petersburg – Severnaya ...
2009-06-26 14:58:43
Samsung builds shipyard eyeing Gazprom project [Shipbuilding]
Samsung Heavy Industries of South Korea has agreed a tie-up with Russian shipbuilding group United Industrial Corp (UIC). The main purpose of the memorandum was to construct a new shipbuilding complex at Severnaya Verf in St Petersburg. UIC said b...
2009-06-26 14:35:58
China accelerates M&A of shipbuilders [Shipbuilding]
Chinese government says it will use credit, taxation and other measures to cushion the impact of the global financial crisis on the country's shipbuilding industry. And it says it will push ahead with restructuring of the sector. China has 3,000 ...
2009-06-26 14:18:02
CESA warns of state support for shipbuilding [Finance]
Reinhard Luken, chairman of the Community of European Shipyards Association (CESA), released a statement on June 22nd pertaining to the state of the shipbuilding industry. In the statement, he warned against the excessive shipbuilding capacity wo...
2009-06-26 10:55:46
Daewoo signs two passenger ships [Shipbuilding]
On June 25th, Daewoo Shipbuilding & Marine Engineering of South Korea has signed a contract with Greece’s Attica Group to construct two passenger ships for some $200m. The vessels have a length of 145 meters and breadth of 23 meters with a cruis...
2009-06-26 10:31:35
Ketchikan Shipyard catches ferry order [Shipbuilding]
US shipyard Alaska Ship & Drydock (ASD) has won an order to construct a new ferry to serve Ketchikan International Airport. The shipbuilder’s Ketchikan Shipyard will complete and deliver the Ken Eichner II early in 2011. The vessel will operate ...
2009-06-26 07:51:23
152 bulkers scrapped in Jan-May [General]
The number of scrapped bulkers from January till May this year came to 152 units, aggregating 6.5 million dwt, according to the UK-based Clarkson Research Services. Breakdown of the vessels by ship type is eight capesizes (with capacity above 100,...
2009-06-26 07:47:20
Japan equipment makers sue Korean rivals [Equipment]
Japan Marine Equipment Association (JSMEA) announced on June 24th that it has received a report from its six member pump manufacturers that they had jointly filed a complaint against four South Korean makers for infringing on their trademarks and hav...
2009-06-26 07:44:07
Yantai Raffles wins $150m loan [Finance]
Yantai Raffles has inked a $150m loan with China Development Bank (CDB) for refinancing. The Chinese shipbuilder is borrowing $150m from CDB through a three-year term-loan facility to replace existing more expensive short term loan facilities and...
2009-06-26 07:37:59
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