Taiwan shipbuilder denies orderbook blow [General]
Taiwan International Shipbuilding (former CSBC) denied reports that its business had collapsed after a prominent shipping line from Israel had cancelled its orders. Zim Integrated Shipping Services Ltd. did cancel a plan to buy six ships from the ...
2009-04-20 15:02:44
No ‘Earnings Surprise’ for Q1 [Finance]
South Korea’s large shipbuilders, which came into the spotlight with ‘Earnings Surprise’ in the fourth quarter 2008, are expected to see their business results decline in the first quarter of this year from the previous quarter. This is beca...
2009-04-20 14:35:57
"Big Buyer" has come [Offshore]
“Big buyer has come.” South Korean shipbuilders are on a tiptoe of excitement as one of them may receive massive new orders. Brazil’s Petrobras, which is planning to develope deepsea oil fields worth some $147.7bn until 2013, dispatched a d...
2009-04-20 11:58:29
Newbuilding recovery depends on iron ore prices [Equipment]
It looks that how soon the stalled newbuilding talks can be resumed largely depends on the ongoing negotiations on iron ore prices between Japanese steelmakers and major mining firms. "Newbuilding talks may begin moving ahead again as soon as iro...
2009-04-20 08:14:48
STX Europe wins order for French Navy [General]
STX Europe has, through its subsidiary STX France Cruise SA, signed a contract to build a third Projection and Command Vessel (BPC) for the French Navy. STX France Cruise SA, in which STX Europe holds a majority stake, is jointly owned by STX Europe,...
2009-04-20 08:09:35
Southeast Asian yards in difficulties [Shipbuilding]
Vietnam's Vinashin and Indonesia's PT Pal Shipyard are facing an uphill battle. Shipyards in Southeast Asia, especially Vietnam and Indonesia, are facing bleak times. Orders have come to a standstill and existing customers are either seeking to de...
2009-04-20 08:04:13
L&T revives plans for Chennai expansion [General]
Indian shipbuilding newcomer Larsen and Toubro (L&T) is looking to resurrect a scaled-down version of its expansion plans, which ran into trouble last year with the onset of the credit crunch. Sources say L&T plans to resume its construction activiti...
2009-04-20 07:58:47
SSW changes course: Newbuilding ends [General]
SSW Schichau Seebeckwerft is expected to shift its focus from shipbuilding to ship sections. The days of Germany's SSW Schichau Seebeckwerft as a newbuilding yard appear to have ended. The insolvent Bremerhaven-based facility is expected to focus ...
2009-04-20 07:55:27
The worst has passed [Finance]
Chen Qiang, chairman of Jiangsu Rongsheng Heavy Industries, says that the worst of the shipbuilding market has passed and inquiries from owners are picking up. Similar, it seems, to the housing market in the US, mismanagement of which helped plun...
2009-04-20 07:49:28
Merger between Japanese owners [Shipping]
Japanese owners K Line and Tokyo Senpaku are combining their container runs to Malaysia, Singapore and Indonesia as a response to falling cargo volumes. The new merged run will start in mid-May “in response to the ongoing financial crisis that has ...
2009-04-20 07:41:51
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