Hyundai’s EcoBallast onboard [Equipment]
Hyundai Heavy Industries of South Korea has made inroad into the ballast water treatment system market which is in the limelight as the blue ocean in shipbuilding industry. The world’s largest shipbuilder on June 23rd said it has successfully de...
2009-06-23 14:37:10
Daewoo wins two passenger ships [Shipbuilding]
South Korea’s Daewoo Shipbuilding & Marine Engineering is said to have received an order for the construction of two passenger ships from a Greek shipowner. According to industry sources, Greece’s Attica Holdings is ordering two 2,000-passenge...
2009-06-23 12:37:40
Lindo Shipyard to axe 2,000 jobs [General]
By the coming of next summer, Lindo Shipyard will be cutting almost 2,000 jobs away as the orderbook becomes smaller and smaller. Though the management has not lost hope, it is hard to believe that new orders suddenly will change the situation. "...
2009-06-23 11:18:24
MacGREGOR wins €10m hatch cover orders [Equipment]
MacGREGOR – part of Cargotec Corporation – has secured new orders worth close to €10 million for 32 shipsets of lift-away hatch covers destined for containerships under construction in Japan and South Korea. During the second quarter of...
2009-06-23 08:05:13
Banks seek to claw back Tsuji losses [Finance]
Chinese Banks backing dozens of orders at two domestic yards controlled by now-bankrupt Tsuji Heavy Industries are attempting to recover deposits allegedly used to cover losses at the Japanese company. Tsuji directors, including members of the owning...
2009-06-23 07:59:33
Greek player behind MR orders at STX [General]
Standard Development, described by brokers as a "new name" in shipping, is said to be behind an order at STX Offshore & Shipbuilding for up to eight medium-range (MR) tankers. The contract is interesting because it is said to be a Greek-controlled...
2009-06-23 07:55:12
Rickmers brothers’ faith in megaships [Shipping]
The Rickmers brothers are not giving up on 16 13,100-teu giants. Shipowners Bertram and Erck Rickmers recognise that the current doldrums in shipping are different from many others in their family's long history. The brothers - who today run the s...
2009-06-23 07:48:37
Bangladeshi break $300-per-ldt barrier [Shipping]
Bangladeshi scrap buyers have broken through the $300-per-ldt barrier for the first time in more than three months. US-based buyer GMS said the deal for the 15,555-ldt crude vessel Arendal (built 1986), owned by Arendal Holding Corp of Liberia, sh...
2009-06-23 07:39:08
Chinese yards rekindle cancelled orders [Equipment]
Some Chinese shipbuilders have notified Japanese marine equipment manufacturers of their decision to revive their cancelled purchase orders. Exactly what has prompted them to take the decisions is unclear. There is the possibility that they have c...
2009-06-23 07:34:46
MHI looks abroad for shipbuilding equipment [Equipment]
Japan’s Mitsubiushi Heavy industries is set to source more marine equipment for its newbuildings from overseas suppliers. In the face of a dire shipbuilding market and the relative strength of the domestic currency, MHI said it would capitalise...
2009-06-23 07:30:28
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