CESA backs revival of OECD shipbuilding talks [Shipbuilding]
The Community of European Shipyards’ Associations (Cesa) has supported calls for the resurgence of international shipbuilding talks at a scheduled meeting of the Organization for Economic Co-operation and Development in July. In a statement, Ce...
2009-06-26 07:35:04
Grand China eyeing canceled contracts [Shipbuilding]
Grand China Shipping says it is the right time to expand its fleet because of low prices of ships and that it is seeking to buy abandoned contracts. Grand China Shipping unit Grand China Logistics has gone into partnership with Zhoushan Jinhaiwan...
2009-06-26 07:29:32
Box lines sales to dip by $50bn [Shipping]
Top container lines could see over $50bn wiped off their combined revenues in 2009 as conditions continue to deteriorate, industry experts predict. A new forecast from shipping analyst Alphaliner puts the anticipated fall in revenue from 2008 lev...
2009-06-26 07:23:26
Wartsila to cut 77 Finnish jobs [General]
Credit crunch and economic downturn have led to Wartsila Corporation cutting 77 jobs at its Ship Power division in Finland. It will terminate temporary contracts and also transfer some staff to other Wärtsilä divisions to complete the re...
2009-06-26 07:11:14
Cancellations hit 564, estimates DNV [Shipbuilding]
The latest estimate by Norwegian classification society DNV of the number of newbuilding orders cancelled puts the total at 564. DNV’s latest figure is higher than the 492 it reported in April and is less than some estimates from other sources. ...
2009-06-26 07:00:12
China's export of steel plate dips 60% [Equipment]
China's export of steel plate by April of this year has fallen by more than 60% from a year earlier due to weak demand in the wake of global economic downturn. According to the statistics from Chinese steel industry, the output of super-heavy stee...
2009-06-26 06:26:59
Samsung to build JV shipyard in Russia [Shipbuilding]
According to a Russian media report on June 19th, Samsung Heavy Industries of South Korea has signed an agreement of technical cooperation with United Industrial Corporation (OPK) of Russia to construct a new shipyard in St. Petersburg. They are repo...
2009-06-26 06:21:47
Hyundai revenue up 9% YoY in May [Finance]
South Korea’s Hyundai Heavy Industries, the world’s largest shipbuilder, revealed on June 24th in a regulatory filing that it has estimated its revenue for May at some KRW1.684trn ($1.306bn), up 8.97% year-on-year. The company’s operating pr...
2009-06-26 06:16:46
Blue ocean turning red: BWMS market [Equipment]
Competition is getting fierce in the ballast water management system (BWMS) market as many shipbuilding-related enterprises are developing the systems. The annual market scale of the sector is expected to total more than $2bn. European and South K...
2009-06-26 06:12:17
Gazprom to order SPS newbuildings [Offshore]
Gazprom subsidiary Gazflot is preparing a contract for construction of special-purpose ships (SPS) at Amur Shipyard (Komsomolsk-on-Amur), a local media cites Aleksandr Ananenkov, deputy Chairman of Gazprom BoD as saying at a press conference in St. P...
2009-06-25 14:10:59
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