IHI Corp buys Matsuo Bridge [General]
Japanese shipbuilder IHI Corp has splashed out on a domestic bridge construction company. The group has bought a 77.6% stake in Matsuo Bridge Co through a tender offer. The deal will cost IHI JPY 3.16bn ($33m), it said. Matsuo was founded in 19...
2009-06-18 07:51:09
Five bulkers canceled at Namura [Shipbuilding]
Japan’s Hokodate Shipyard, a part of the Namura Shipbuilding group of companies, has been hit by the cancellation of an order for five handysize bulk carriers but the shipbuilder is confident it will sell them on at a higher price. Osaka-listed ...
2009-06-18 07:48:38
Bender fights back legal action [General]
Bender Shipbuilding & Repair asked a US federal judge Wednesday to throw out GulfMark Offshore's attempt to force the yard into bankruptcy. In a one-page response to GulfMark's legal action, Bender argues that the bankruptcy effort does not have t...
2009-06-18 07:45:36
QGTC secures $950m to finance LNG tanker orders [Offshore]
Qatar Gas Transport Co. (QGTC) disclosed on June 12 that it has secured $950 million worth of funding to cover the construction cost of LNG carriers. The company will get hold of the funds from 17 banks worldwide. This deal, which represents the thir...
2009-06-18 07:36:40
Shipbuilding overcapacity primary problem [Shipbuilding]
Takao Motoyama (pictured), chairman of Mitsui Engineering & Shipbuilding (MES), who was recently appointed as the chairman of the Shipbuilders' Association of Japan (SAJ), held a press briefing on June 16 to commemorate his accession to office. Point...
2009-06-18 07:32:40
BW Gas applies to delist [General]
BW Gas has now formally applied for the company’s shares to be de-listed from the Oslo Stock Exchange following the Sohmen family’s mopping up of minority shareholders. In April, the Sohmen family disclosed it was triggering the compulsory ac...
2009-06-18 07:17:22
ZPMC earmarks $2.2bn for offshore biz [Offshore]
Chinese crane manufacturer ZPMC plans to invest Yuan15bn ($2.2bn) in its offshore business in a bid to boost the segment’s turnover to over $4bn in three years. ZPMC president Guan Tongxian said the company would invest Yuan15bn in its shipyard...
2009-06-18 07:14:10
Meyer Werft delays transporting Celebrity Equinox [General]
German cruiseship builder Meyer Werft will postpone transporting a Celebrity Cruises vessels 40 km down the Ems in order to placate environmental groups. The vessel was originally due to be delivered in July 2011. “We will check if we can chang...
2009-06-18 07:10:01
CGT union refines plans to save UNM [General]
France’s CGT union confederation has said that it will refine its plan to bring in naval shipbuilder DCNS to save failed Marseilles shiprepairer Union Naval Marseille after having a first draft rebuffed by the government. Following a meeting wi...
2009-06-18 07:02:42
Hegemann secures $12.5m ship guarantee [Finance]
German shipbuilding group Hegemann has secured a state guarantee of €9m ($12.5m) for a 2,500 teu containership being built at its shipyard Volkswerft Stralsund in Rostock-Warnemünde. Hegemann spokeswoman Michaela Götz-Brinkmann said t...
2009-06-18 06:59:16
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