Hanjin more vulnerable due to boxship focus [Shipbuilding]
Hanjin Heavy industries and Construction perhaps had a more difficult year than its peers at least in terms of new orders. By mid-September the shipyard had achieved just 31% of its 2008 order target of $4bn. Then, of course, newbuilding orders virtu...
2009-05-08 11:57:13
Shipbuilding just one part of Hyundai [General]
Even as the world’s largest shipbuilder, Hyundai Heavy Industries cannot be invulnerable in a global downturn such as the world is experiencing now. And yet a recent address by the company’s president and chief executive Choi kil-seon to its e...
2009-05-08 11:47:36
Korean suffer most order cancellations [Shipbuilding]
Korean shipyards topped a list of newbuilding cancellations, at 194 ships. Research from Norwegian classification society Det Norske Veritas estimated that more than 19.2m dwt on order at South Korea’s yards would not be built, representing 39....
2009-05-08 11:42:57
Bharati acquires 15% stake in Great Offshore [Finance]
Bharati Shipyard Ltd has acquired 14.89 per cent of Great Offshore through two wholly owned subsidiaries — Natural Power Ventures and Dhanshree Properties. The transaction was closed at Rs 315 per share on Thursday. The promoters of Great Of...
2009-05-08 11:38:00
China makes preparations to build aircraft carrier [General]
Recent reports circulating in the Chinese press indicate that Jiangnan Shipyard (Group) Co Ltd - one of China's oldest state-owned shipbuilding companies and regarded as the "cradle of China's national [shipbuilding] industry" - could be slated by Be...
2009-05-08 11:32:07
Danaos delays delivery of 15 boxships [Shipbuilding]
Greek owner/operator Danaos Shipping has delayed the delivery dates for its 15 containership newbuildings currently under construction at China's Jiangnan Changxing Heavy Industry and South Korea's Hanjin Heavy Industries & Construction (HHIC). Danao...
2009-05-08 11:25:40
Hyundai launches Zaliv Aniva tanker for PRISCO [Shipbuilding]
Hyundai Heavy Industries has launched the Zaliv Aniva tanker built for Primorsk Shipping Corporation (PRISCO Group). According to the Group’s release, the vessel is the last in the series of six 100,000-dwt tankers bearing the names of Far East...
2009-05-08 11:19:59
Greek still reluctant to commit new orders [General]
Greeks are refraining from placing any newbuilding orders for almost seven months now, in an attempt to limit potential oversupply of vessels, at a time when financing is scarce and the freight markets’ prospects appear grim, together with the glob...
2009-05-08 10:10:07
Bangladesh exports MPP vessel [Shipbuilding]
Bangladesh, for the first time, is going to join multipurpose ship exporting countries by handing over a ship named 'Stella Moon' to the Danish government on May 10. Ananda Shipyard and Shipways Ltd (ASSL), one of the premier shipbuilding companie...
2009-05-08 08:18:58
Keppel Phils. reduces manpower [General]
Shipyard operator Keppel Philippines Marine Inc. said it would continue with its plan to reduce the number of its workers throughout the year as a result of the current global economic crisis. The company, which has its main headquarters in Singap...
2009-05-08 08:14:11
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