Korean yards cozy up to foreign firms [General]
Leading shipyards are selling their expertise in the hope that orders will follow. South Korean shipbuilders are forming consortiums with developing nations in the hope of securing future newbuilding orders. Tongyeong-based 21st Century Shipbui...
2009-06-08 06:56:38
Shipbuilders waiting for orders revival [Shipbuilding]
No significant fresh contracting is expected this year as yards continue to be hit by order cancellations. Last week's cancellation by Frontline of $556m-worth of tanker orders comes at a time when shipyards were expected to be winning rather than...
2009-06-08 06:50:50
Wadan Yards files for bankruptcy [General]
Germany’s Wadan Yards MTW is the latest shipbuilder to file for bankruptcy following the onset of the economic crisis. Wadan, in which STX Europe has a 30% holding, made the move after fighting to stay afloat for several months. It exhausted ...
2009-06-08 06:46:07
Geden axes capesize pair at Rongsheng [Shipbuilding]
A Turkish player has cancelled a pair of bulkers but both owner and yard are said to be in a "win-win" situation. Geden Lines of Turkey has cancelled a contract for two capesize bulkers at China's Jiangsu Rongsheng Heavy Industries but remains on ...
2009-06-08 06:41:53
China upgrades shipbuilding [Shipbuilding]
China plans to focus on building high value-added vessels and raise the market share to 20% in the cutting-edge ship sector by 2011. The Ministry of Industry and Information Technology on June 5th revealed shipbuilding restructuring and developmen...
2009-06-08 06:16:37
Austal unveils next generation trimaran [Equipment]
Austal has unveiled its new 102-meter trimaran vehicle-passenger ferry platform, which is currently under construction at its Western Australian shipyard and available for purchase. The new trimaran is an evolution of Austal's landmark 2005 trim...
2009-06-07 12:00:53
Seatrade in talks to reduce reefer orders [Shipbuilding]
Reefer giant Seatrade is said to be in discussions to restructure its newbuilding portfolio. Sources say the owner is looking to reduce the number of reefers it has on order at Kitanihon Shipbuilding of Japan but a clear picture has yet to emerge....
2009-06-05 16:04:31
Eitzen regrets over Sasaki cancellations [General]
Camillo Eitzen & Co (CECO) chairman Axel Eitzen says he deeply regrets having had to cancel orders at Japan's Sasaki Shipbuilding and hopes he can still continue a business relationship with the yard in the future. In a desperate bid to cut capita...
2009-06-05 15:59:53
CSAV & Dohle downsize boxships on order [Shipbuilding]
CSAV and Germany's Peter Dohle are downsizing an order of their biggest containerships in South Korea. A series of eight 12,600-teu ships on the books at Samsung Heavy Industries is likely to be converted into smaller vessels of 7,000 teu to opera...
2009-06-05 15:57:19
Boxship orderbooks in upheaval [General]
Decisions made over the next six months could radically change the oversupplied market. You do not need a crystal ball to see that the boxship orderbook will soon look radically different. Its fate has been a matter of great uncertainty. But th...
2009-06-05 15:54:20
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