Dry bulk may revive, box lines not yet [Shipping]
Container lines are unlikely to achieve a profitable supply and demand balance in the next 12-18 months, while a recovery in dry bulk will be heavily reliant on China, an investment house has forecast. Macquarie Research, in its latest Asian shipping...
2009-04-29 07:00:27
Financial crisis [Finance]
South Korean shipbuilders are having new orders drought for over six months and fear is mounting that they would be short of working fund in the second half of this year. NH Investment & Securities analyst Ahn Ji-hyun said, “Major shipbuilders a...
2009-04-29 06:14:17
Wuchang Shipbuilding wins AHTS vessel orders [Offshore]
CNOOC, parent of CNOOC Limited recently signed an agreement with Wuchang Shipbuilding Industry Company for the construction of two anchor handling tug supply vessels. Wuchang Shipbuilding Industry Company will build the two UT788 CD deepwater vessels...
2009-04-28 12:06:33
Self-sufficiency: Goal for China’s LNG project [Offshore]
A senior spokesperson for Beijing’s National Energy Administration, He Ying, outlined China’s plans to become self-sufficient in both shipbuilding and transportation of LNG in the coming years in an opening address at TradeWinds’ Shipping China...
2009-04-28 11:59:18
Bangladeshi shipbuilders get orders from abraod [Shipbuilding]
Bangladesh's much potential shipbuilding sector is going to usher another milestone through constructing international standard specialized vessels for foreign buyers. Western Marine Shipyard Ltd (WMSL), the country's pioneering company in shipbui...
2009-04-28 11:54:10
Cochin plans to build shipyard in Vizhinjam [Shipbuilding]
Aiming at major expansion, the Cochin Shipyard Limited (CSL) has submitted an Expression of Interest (EoI) to the state government to set up a shiprepair complex/shipyard near the proposed Vizhinjam international container transshipment port under a ...
2009-04-28 11:46:43
Creditors revaluate shipbuilders’ credit risk [Finance]
In South Korea, creditor banks have embarked on reappraisal of 16 shipbuilders’ credit risks which had received A or B grade in the first round of restructuring. Some of the small and midsize shipbuilders which had managed to avoid restructuring...
2009-04-28 11:27:04
Drydocks World delivers world's largest OCV [Offshore]
Drydocks World, announced the delivery of the multipurpose Offshore Construction Vessel OSA Goliath, at its Pertama, Indonesia, yard 23rd April. Built for Singapore's Coastline Maritime, the 22,000 dwt vessel has dimensions of 180 m x 32 m x 12 m...
2009-04-28 09:40:09
Korean nego steel plate price [Equipment]
It is reported that there is a possibility that South Korea's major shipbuilding companies will seek negotiations with Japan's integrated steelmakers on price revisions in the existing supply contracts of ship plates for April to September 2009 perio...
2009-04-28 09:24:16
CSSC net profit dives 36% [Finance]
Shipbuilder China CSSC Holdings felt the pinch of the global recession in the first quarter as net profit plummeted. The Shanghai-listed builder blamed the rising cost of steel for the 36% year-on-year fall. Despite the huge drop the division of s...
2009-04-28 07:37:14
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