“50% of bulker orderbook at risk” [Shipbuilding]
Up to 50% of the dry bulk newbuilding orderbook will be cancelled or suffer delivery delays in the next three years, says DryShips chairman and chief executive George Economou. South Korean yards will be hit hardest by cancellations and delays co...
2009-06-11 06:56:30
Bergen wins construction ship [Offshore]
Germany’s Schiffahrtskontor Altes Land is to enter the deepwater oil and gas construction market after signing a deal with Norway’s Bergen Group for a new ship. SAL intends to order an advanced construction class vessel from Bergen Group’s ...
2009-06-11 06:51:14
Cancellations grossly inflated [Shipbuilding]
Estimates of shipyard cancellations are being grossly exaggerated, according to several prominent Chinese shipyard executives and shipbrokers. Speaking at a reception that brought together over 20 Chinese shipyards, Maersk Broker president and ch...
2009-06-11 06:39:01
Russia's Vyborg Shipyard to be completed in 2011 [Shipbuilding]
Primorsk authorities has already approved construction of Vyborg Shipyard and the new facility is expected to be completed by 2011. It would be able to construct ships of more than 100,000 dwt. Russian federal government will provide part of the c...
2009-06-10 16:33:19
China to boost 50m dwt in 2011 [Shipbuilding]
China, the world's top ship builder, aims to boost production to 50 million tonnes in 2011, according to a detailed plan aimed at supporting the domestic ship building industry. The country also plans to expand its share in the global shipbuildin...
2009-06-10 15:00:12
Koreana to squeeze SBQ plate import prices [Equipment]
Several South Korean large shipbuilding enterprises have required Japan to cut its shipbuilding plate price by USD 150 per tonne to USD 200 per tonne trying to stabilize the offer at the level of USD 500 per tonne since the beginning of this May. ...
2009-06-10 14:52:29
Chinese yards bear the brunt of order cancellations [Shipbuilding]
The global economic and financial crisis has had a major impact on the fortunes of the world’s shipbuilders as owners with tonnage on order — particularly bulk carriers, tankers and containerships — try to either cancel, renegotiate pri...
2009-06-10 11:24:19
Repair yards expanding facilities [General]
The difficulties facing the world’s shipbuilders are good news for the global shiprepair market, as more and more older vessels are being kept in service to meet demand — and these vessels will need continued tender loving care. Coupled with ...
2009-06-10 11:16:47
Cruise lines mulling refits rather than newbuildings [General]
Specialist yards see challenging times ahead as cancellations begin to rise and options are unlikely to be exercised. Shipbuilders who specialise in the so far lucrative cruise sector look like being in for a hard time as more and more cruise line...
2009-06-10 11:10:51
Mermaid picks up DSV for $91m [Offshore]
Mermaid Maritime, Thoresen Thai’s offshore arm, has picked up a dive support vessel building in Norway for $91m. The DP2-rated newbuilding is under construction at Bergen Group BMV and is due to be delivered in the fourth quarter of 2009. The ve...
2009-06-10 08:00:05
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