Shipbuilding-marine equipment merge [General]
France’s two principal shipbuilding and marine equipment groupings are to merge in a move that promises to speed up the development of closer ties between the country’s civil and naval shipbuilding sectors. The Chambre Syndicale des Chantiers Nav...
2009-05-14 07:00:44
Hyundai only bidder for Hyundai Corp [Finance]
Hyundai Heavy Industries (HHI) is now the only bidder for the acquisition of Hyundai Corporation of South Korea. Other acquisition candidates BNG Steel, a subsidiary of Hyundai Kia Automotive Group, and Q Capital Partners, a restructuring speciali...
2009-05-14 06:22:54
HMD union makes concession [General]
Labor union of Hyundai Mipo Dockyard (HMD) of South Korea has entrusted all wage-related decisions to the company on condition of job security, following the same move of Hyundai Heavy Industries union. Hyundai Mipo union on May 13th took a vote o...
2009-05-14 06:19:06
Laskaridis eyeing cancellation of 75K BC [Shipping]
Greek owner Laskaridis Shipping appears to be eyeing the possibility of canceling its order for seven 75,000-dwt bulkers earlier placed with emerging Chinese shipyard Penglai Zhongbai Jinglu Ship Industry. Laskaridis is tilting toward order cance...
2009-05-13 14:09:49
10.3% of boxship fleet on hold [Shipping]
According to AXS-Alphaliner, the number of containerships on hold at sea, at ports and anchorages across the world as of May 5 was 511 units, totaling 1.31 million TEUs. The total number of boxships on standby makes up 10.3% of the world's boxship...
2009-05-13 13:59:03
Kockums-USC in cooperation [Shipbuilding]
Kockums, the Swedish subsidiary of ThyssenKrupp Marine Systems, has signed a licensing agreement with the Japanese shipyard Universal Shipbuilding Corporation (USC). The licensing agreement gives USC the right to use Kockums' GRP-sandwich technolo...
2009-05-13 12:08:17
Amur Shipbuilding Plant to be renationalised [Shipbuilding]
Russia’s biggest Pacific coast shipyard is back in state hands and is set for a big state cash boost. Prime minister Vladimir Putin said Amur Shipbuilding Plant has been renationalised for a symbolic sum and will receive hundreds of millions of ...
2009-05-13 12:00:18
Hanjin Shipping sells product carriers [General]
It appears that Hanjin Shipping, through its tanker operating arm Hanjin Overseas Tanker Pte Ltd., has sold two of its product carriers. The buyer has yet to be identified. According to information from overseas, Hanjin has sold the Bumi Nusantara an...
2009-05-13 11:56:04
Hyundai builds a new shipyard: Kazakhstan [Shipbuilding]
Hyundai Corporation of South Korea is planning to establish a shipyard in the Caspian Sea area. Hyundai Corporation revealed on May 13th that it is negotiating for construction of a shipyard in the Caspian Sea area with Kazakhstan’s state-owned ...
2009-05-13 11:32:45
Shipping to suffer two more years [Shipping]
Shipping markets face at least two more years of strife as newbuildings stifle rates, Tor Olav Troim says. John Fredriksen’s lieutenant also feels the time is not yet right to pick up bargain vessels in the second hand market. In an interview...
2009-05-13 08:03:17
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