Warsaw prepares shipyard break-up [General]
Poland's two state-owned shipyards are in their final weeks of existence as the government readies for an auction of their assets beginning at the end of the month. The break-up and sale of shipyards in Gdynia and Szczecin was forced by the Europe...
2009-04-17 09:33:06
China approved shipbuilding fund [Finance]
China’s National Development and Reform Commission approved a 20 billion yuan ($2.9 billion) shipbuilding-industry investment fund, the 21st Century Business Herald reported. The fund will have a registered capital of 200 million yuan, of whic...
2009-04-17 09:25:12
The Chinese crisis lasts long [Equipment]
It is reported that financial crisis pushes global shipping market off to the ice age, and simultaneously ends the 6-year blossom of global shipbuilding industry. Baltic Dry Index had dived by 87.5% from 11793 on May 20th 2008 to 1473 on April 9th 20...
2009-04-17 09:14:21
Russian embarks on United Shipbuilding Corp. [General]
The establishment of the United Shipbuilding Corporation is completed. A total of 33 companies in the field of ship design and shipbuilding are included in the new grand state enterprise. In a cabinet meeting this week, Deputy Prime Minister Igor ...
2009-04-17 08:08:02
Japanese secure 4 years' workload [Shipbuilding]
Japanese shipyards had a combined backlog for 1,312 export ships of 63,755,289 grt (28,676,084 cgt) as of the end of March 2009, according to statistics compiled by the Japan Ship Exporters' Association (JSEA). At the peak time as of end-Septembe...
2009-04-17 08:03:27
Hitachi inaugurates Chinese diesel JV [Equipment]
Hitz Hitachi Zosen announced on April 15 that it has officially inaugurated Zhongji Hitachi Zosen Diesel Engine Co. (ZHD), its joint venture with Shanghai Zhongji Group (SZG), the parent company of Chinese shipbuilder Zhoushan Jinhaiwan Shipyard. ZHD...
2009-04-17 07:59:36
OPRF grants Y156 million for R&D projects [General]
Japan’s Ocean Policy Research Foundation (OPRF) on April 15 announced that it will extend a total of Y156.5 million ($1.585m) in subsidies to eight R&D projects to be carried out by marine equipment makers and shipyards in fiscal 2009 (ending March...
2009-04-17 07:50:13
Japanese shipbuilding permits soar [Shipbuilding]
Japanese shipyards were granted permits for the construction of 110 ships, aggregating 4.59 million grt, in March 2009, according to statistics compiled by the Maritime Bureau of the Ministry of Land, Infrastructure, Transport & Tourism (MLIT). The M...
2009-04-17 07:45:59
VLCC rates at 11-year lows [Shipping]
With VLCC rates at their lowest in at least 11 years owners will scrap ships and cancel orders for new ones, according to Frontline Ltd., the world’s largest VLCC operator. VLCCs are making $4,335 a day after fuel costs for delivering Middle Ea...
2009-04-17 07:33:06
Multinational JV open engine factory at Qingdao [Equipment]
Wärtsilä and partners China Shipbuilding Industry Corporation and Mitsubishi Heavy Industries have inaugurated their jointly owned, low-speed marine engine factory at Qingdao in north-east China’s Shandong province. The facility, which is...
2009-04-17 07:29:10
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