Over 500 newbuildings canceled [Shipbuilding]
It looks that contracts for at least 500 newbuildings have so far been canceled across the world. Japan’s Kaiji Press (KP) confirmed that such cancellations since 2008 had involved 533 vessels by the end of May 2009. Bulkers accounted for 341 o...
2009-06-10 07:07:20
MHI estimates 807 newbuildings canceled [Shipbuilding]
Contracts involving a total of 807 newbuildings have been canceled across the world, according to a tally presented by Mitsubishi Heavy Industries (MHI) at a briefing session in Tokyo on June 4. The total included 459 bulkers, 143 tankers and 105...
2009-06-10 07:01:10
Offshore & LNG to lead market recovery [Offshore]
Wartsila says offshore vessels and then LNG contracting will lead a recovery in the newbuilding market in the coming years. The Finnish company is branching out into ship design business in an attempt to capture future orders and is working on dev...
2009-06-10 06:55:36
Yards complaining about government regulations [General]
South Korean shipbuilders are suffering from some government regulations as well as new order drought and newbuilding price fall. Accordingly, they are asking the government to support their management through policies to enhance their competitive...
2009-06-10 06:22:45
ABG Shipyard orders MacGREGOR bulk cranes [Equipment]
MacGREGOR has received an order worth €25 million for the supply of dry bulk cargo-handling cranes for series of 32,000 dwt to 35,000 dwt bulk carriers on order at ABG Shipyard Ltd in India. Paul Söderstedt, sales manager for MacGREGOR cra...
2009-06-09 17:28:26
Bergen lands massive fishing vessel contract [Shipbuilding]
Norway's Bergen Group has landed a whopping fishing vessel order from Russia. Subsidiary Bergen Group BMV has signed a NOK 2.7 billion ($435.3 million) contract to deliver two advanced pelagic trawlers and research vessels to Aqueda Shipping Limi...
2009-06-09 14:36:27
Hyundai delivers world’s largest offshore platform [Offshore]
Hyundai Heavy Industries of South Korea on June 9th held a delivering ceremony for the world’s largest fixed offshore platform. The unit is the last of the three such facilities ordered by UAE’s ADMA-OPCO in a $1.6bn Engineering, Procurement, ...
2009-06-09 14:30:24
STX Europe to return to the black [Shipbuilding]
STX Europe is expecting to return to profit this year. The shipbuilder said large cruiseship order is forecast to be placed soon and it is strengthening its offshore plant and eco-friendly ship sectors, which are believed to be next generation engine...
2009-06-09 12:27:18
Daewoo bids for Indonesian submarine [General]
South Korea's Daewoo International Corp. said Sunday it plans to bid for a contract worth about $1.2 billion to build two diesel-powered submarines for Indonesia. Daewoo International said it will submit specifications to supply two 1,400-ton die...
2009-06-09 11:43:24
Fincantieri weathering the crisis [Shipbuilding]
As Italian state shipbuilder Fincantieri makes its first temporary layoffs at the Castellammare di Stabia yard this week, chief executive Giuseppe Bono is counting on improved efficiency and financial innovation to pull the company through the crisis...
2009-06-09 11:37:30
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