STX fosters Green Biz [General]
STX Business Group of South Korea promotes Green Business as one of its key engines of growth including shipbuilding & machinery, shipping & trade, construction & plant and energy, and aims to achieve revenue of KRW 6trn ($4.695bn) in the sector by 2...
2009-05-06 11:28:16
Hyundai resume order expectations [Shipbuilding]
In the early weeks of 2009, Hyundai Heavy Industries predicted orders this year would reach $21.1bn — but by the end of the first quarter that figure already looks optimistic. Announced separately from its first quarter results, HHI revealed...
2009-05-06 07:58:19
ISSA blames slow payments [Equipment]
Companies delivering equipment to shipyards are struggling in the global recession because shipowners are not paying their bills, says the new president of the International Shipsuppliers and Services Association. Some shipowners are not making a...
2009-05-06 07:51:24
Stretching Bulkers [Shipping]
The number of bulk carriers in lay-up or idle at ports around the world fell in April, as a combination of Chinese demand for iron ore and better freight rates saw unemployed ships resume trading. However, while nearly 20 panamax and capesize vessels...
2009-05-06 07:46:48
Mouth of Narmada turning into shipbuilding hub [Shipbuilding]
The estuary of Narmada river, considered lifeline of Gujarat, is all set to become the lifeline for shipbuilding activities of India. In a move with far-reaching consequences, the Gujarat government has decided to develop the 12-km stretch south ...
2009-05-06 07:42:52
Samsung, Daewoo searching for new orders [Offshore]
Chief executive officers of Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI) are attending the offshore technology conference (OTC). And their participation appears to mean a lot. "Kim Jing-wan, the vice chairm...
2009-05-06 07:35:42
Global Crisis [Shipbuilding]
Almost every big yard worldwide is facing similarly hard times. The seizure of the global credit markets hammered the freight market last year. The Baltic Dry Index (BDI), a gauge of the cost of shipping bulk commodities such as grain and coal and a ...
2009-05-06 07:31:54
Swan Hunter's cranes find new home in India [Equipment]
After a month at sea, the towering cranes that stood for nearly a century at the Swan Hunter shipyard on Tyneside will arrive at their new home this week on the shores of the Arabian Sea. The cranes have travelled 4,500 miles to the Dabhol Shipyar...
2009-05-06 07:27:02
Marina issues circulars to revive shipbuilding [General]
Shipping regulator Maritime Industry Authority (Marina) of the Philippines is set to issue several circulars to revive the country’s shipbuilding sector, which has been stagnant for the past decades. During its board meeting in March, Marina has ap...
2009-05-06 07:22:57
First drilling rig of India misses deadline [Offshore]
The first oil drilling rig to be built at an Indian yard has jumped the delivery deadline, casting doubts on the ability of local shipbuilders to build such vessels on time and establish themselves in an area considered the exclusive domain of a few ...
2009-05-06 07:18:32
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