Cash needed to keep newbuilding projects alive [Shipbuilding]
Owners who splashed out on tankers are looking nervously at charter rates and values as they prepare to pay for and take delivery of expensive newbuildings. Those taking delivery this year will at least know the ships were ordered before prices re...
2009-05-11 07:01:56
Poland tight-lipped over yard bidders [General]
Kuwait and Qatar are said to have entered the fray for assets at two yards. Poland's industrial-development agency remains tight-lipped over the identity of potential bidders for the Gdynia and Szczecin shipyards, although reports point to the Kuw...
2009-05-11 06:57:38
Free up cash for yards, ease rules for investors [Shipbuilding]
South Korea is continuing to assist its shipping and shipbuilding industries by relaxing regulations and increasing the stimulus package for the sector. Informed sources say Seoul, in an attempt to encourage more ship-investment management compani...
2009-05-11 06:54:26
A third of bulker orders in doubt [Shipbuilding]
An estimated 30% of the world’s dry bulk orderbook risks not being delivered at all, as shipowners in the sector struggle with financing troubles and a lack of cargoes, Eagle Bulk chief executive Sophocles Zoullas said. This figure could be as h...
2009-05-11 06:49:54
STX Engine ties up with L-3 Offshore [Offshore]
STX Engine, a subsidiary of South Korea’s STX Business Group joins hands with L-3 Offshore of the US to strengthen its offshore electro electric systems business. STX Engine and L-3 Offshore have signed a contract for teaming agreement of offsho...
2009-05-11 06:18:20
Joining Nor-Shipping 2009 [Shipbuilding]
CEOs of South Korea’s shipbuilders visit Nor-Shipping 2009, one of the world’s biggest ship exhibitions, to be held in Norway from 9th to 12th June. According to industry sources, chief executives of big 4 shipbuilders all participate in the c...
2009-05-11 06:15:21
No sign of new orders now [General]
NewsSunday, 10 May 2009 Slowdown signs -Sunday, 10 May 2009 According to Mr Wang Jinlian secretary-general of China Association of National Ship Industry, "At present, there is nearly no new ship order in China." Global shipping market continues ...
2009-05-11 00:37:28
Hanjin holds IR [Finance]
Hanjin Heavy Industries & Construction of South Korea on May 11th holds an investor relations conference at Hotel Shilla in Seoul for foreign institutional investors. The upcoming Hanjin Heavy’s IR conference backed up by Samsung Securities will...
2009-05-08 14:49:57
Samsung focus only high value-added ships [Shipbuilding]
Despite the severe economic downturn that began to bite in the middle of last year, Samsung Heavy Industries beat its main competitors Hyundai Heavy Industries and Daewoo Shipbuilding and Marine Engineering to the last newbuilding order in January. ...
2009-05-08 13:17:33
SPP orderbook stands at $7bn [Shipbuilding]
From 2002 to October 2004, SPP Shipbuilding was known as Dongyang Shipbuilding although in practice it only built mega blocks for the country’s more illustrious shipyards. In October 2004, it made the leap into shipbuilding and the company signe...
2009-05-08 13:12:13
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