Japanese discount for extra orders [Shipbuilding]
Some Japanese shipbuilders are accepting price cuts on existing newbuilding orders in exchange for owners ordering an extra vessel. “Some owners in Japan are going back to the yard to renegotiate. Some of the Japanese yards are open to reducing...
2009-04-24 07:02:43
Only 9: Orders in March [Shipbuilding]
Amid global newbuilding order drought, just nine newbuilding orders were placed in March worldwide amounting to 0.2m cgt and 0.7m dwt. A total of 26 contracts of 0.5m cgt and 1.3m dwt have been reported in the first quarter 2009 which accounts for ju...
2009-04-24 06:19:52
MacGREGOR develops new AHTW [Equipment]
Cargotec’s MacGREGOR has developed anchor-handling towing winches (AHTW) with pulling powers of between 300 tonnes and 600 tonnes and will be able to supply them in both hydraulically and electrically-driven versions. “MacGREGOR aims to provi...
2009-04-23 17:04:20
Drydocks World delivers an OCV ‘Goliath’ [Offshore]
Drydocks World, the global maritime arm of Dubai World, has announced the delivery of OSA Goliath, one of the world’s largest multipurpose offshore construction vessels (OCVs) at its Drydocks World – Pertama yard. OSA Goliath was built for Co...
2009-04-23 16:40:49
Shipbuilders received 81.5% less orders [Shipbuilding]
Amid global economic downturn, South Korea’s shipbuilding industry, one of the country’s main export industries, has received some 80% less orders so far this year than a year earlier. On April 23rd Korea Exchange, on the basis of the statisti...
2009-04-23 15:42:59
STX active in world marine exhibitions [General]
STX Business Group of South Korea, amid global economic downturn, aims to receive new contracts by actively participating in world-class marine exhibitions. STX Group is already participating in ‘Sea Asia 2009’ which is being held in Singapore...
2009-04-23 11:34:52
Lifeline from new orders [Offshore]
With the value of vessels falling 14 percent in the 12 months ended this February, shipbuilding is being sunk. But new orders are beginning to serve as a lifeline that is slowing extending to save the industry. “It’s still too early to say t...
2009-04-23 09:36:12
STX Sails Ahead [General]
STX plans to tackle higher market uncertainties by putting more focus on alternative but promising segments ― offshore, value-added ships and energy. Although, time is not on the side of most of leading shipbuilding companies including STX Ship...
2009-04-23 09:28:23
Shipbreakers busy season [General]
In India, at least 650 ships are headed for scrapyards this year, nearly double that in 2008, according to estimates by shipbuilders and ship-breaking yards. The declining demand for charter ships and the steep fall in freight rates has come as go...
2009-04-23 07:48:34
Davie sells $20m shares [Finance]
Canada’s Davie Yards has announced details of its $20m share issue as part of its continuing efforts to raise cash to maintain operations. The private placement will see 244,000,005 common shares sold, representing approximately 196% of the corp...
2009-04-23 07:43:17
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