Hyundai provides liquidity to collaborators [Finance]
South Korea’s Hyundai Heavy Industries, the world’s biggest shipbuilder, will help its collaborative small and midsize companies which are taking a hit with the global economic downturn, in co-operation with Korea Export Insurance Corporation (KE...
2009-04-28 06:21:45
Emergency management [General]
Shipbuilders, suffering severe orders drought, are getting into emergency management systems to survive, such as streamlining organization and reducing costs. According to Korea Shipbuilders’ Association, its nine member shipbuilding firms have ...
2009-04-28 06:16:04
Turkish shipbuilding continues to grow [General]
Foreign Trade Minister Kursat Tuzmen has said Turkey will continue to grow in the shipbuilding industry, improving its standing as the third largest yacht builder in the world and eighth in shipbuilding. Speaking in Kocaeli Tüzmen said shipbu...
2009-04-27 13:25:46
Shipbuilding has huge potentials: Bangladesh [Shipbuilding]
Local shipbuilders, who have already made a mark in attracting foreign buyers, said Bangladesh has a marvelous opportunity to earn huge foreign currency by building and exporting ships. "If the government patronizes this prospective sector, it can pl...
2009-04-27 13:20:45
Daehan’s workout plan confirmed [Finance]
Creditors of Daehan Shipbuilding, which had been decided to undergo debt rescheduling program in the first round of restructuring, have confirmed the workout plan of the shipbuilder on April 24th and decided to provide liquidity of KRW 170bn ($127m)....
2009-04-27 11:52:53
Daewoo wins submarine deal [General]
Daewoo Shipbuilding & Marine Engineering (DMSE) of South Korea has recently received a contract for upgrading Indonesian submarine for $75m, quenching its thirst for new order. According to the deal, DSME will upgrade Indonesian Navy’s submarine...
2009-04-27 11:30:33
ExxonMobil tenders for five LNG carriers [Offshore]
Energy giant ExxonMobil has sent out tender documents to shipowners and yards this month for up to five LNG newbuildings to serve its Papua New Guinea (PNG)-based liquefaction project. Shipbuilding sources say they are reviewing a tender for vess...
2009-04-27 09:47:37
Bulker deliveries delayed largely [Shipbuilding]
Around 60% of the dry bulk order book due to be delivered in the first quarter of this year failed to materialize according to Pacific Basin. “Belying expectations of a flood of new deliveries, the dry bulk fleet grew by just 1.5% during the fir...
2009-04-27 07:46:09
SLS chemical tanker changes hands [General]
A chemical tanker newbuilding at a South Korean yard appears to have changed hands for $34m, although details on the transaction are limited. A brokerage source reports Friday that Italian interests have purchased a 40,037-dwt unit on order at SLS S...
2009-04-27 07:42:30
Aker Phil profits rise 6.6% [Finance]
Aker Philadelphia Shipyard reported a 6.6% rise in profits but has admitted difficulty in finding new orders. "Securing new orders beyond Hull 016 remains the shipyard’s biggest challenge as the global financial crisis continues to delay potenti...
2009-04-27 07:38:01
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