Tebma slows down capacity expansion [Offshore]
India’s Tebma Shipyards Ltd is going slow on its capacity expansion programme though it is “not affected by economic slowdown”. Mr P.K. Balan, Chairman, Tebma, told Business Line that the company had plans to set up two shipyards in eastern ...
2009-04-15 11:02:15
Wake-up call for Koreana [Shipping]
South Korean shipyards may not be able to ignore the crisis engulfing container shipping for much longer. So far, they have largely rebuffed the increasingly desperate pleas from owners with containerships on order that are destined to go straight in...
2009-04-15 09:21:00
Revisit Daewoo sale in H2 [Finance]
Korea Asset Management Corp (KAMCO), a state debt clearer, said on Tuesday it would consider the best time later this year to sell a stake in Daewoo Shipbuilding and an energy developer. The planned sale of Daewoo Shipbuilding & Marine Engineeri...
2009-04-15 09:12:13
Wartsila reaches new milestone [Equipment]
A small piece of Finnish industrial history was written in March as the 6000th Wärtsilä 32 engine began its landmark journey from the Wärtsilä factory in Vaasa to a power plant site in Brazil. This 9000 kW engine will become part ...
2009-04-15 07:56:55
Tsuji sets up takeover company [General]
It seems that the appointed administrators of Tsuji Heavy Industries, currently undergoing corporate rehabilitation procedures, are studying to establish by around July 2009 a new company serving as the takeover company of Tsuji's marine equipment bu...
2009-04-15 07:50:35
Troubled Kanasashi upsets related industries [General]
The filing by Kanasashi Heavy Industries for bankruptcy protection with a court under Japan's Corporate Rehabilitation Law is raising tensions in the relevant industries and in the local community. For the time being, Kanasashi will continue runni...
2009-04-15 07:47:22
Broadwater's LNG project suffering setback [Offshore]
Broadwater’s proposed liquefied natural gas terminal in the middle of Long Island Sound has run into a major roadblock. A ruling by the US Department of Commerce, in upholding a challenge filed by the state of New York, has barred the issuance ...
2009-04-15 07:41:55
Gazprom buys LNG from Sakhalin [Offshore]
Gazprom will be shipping liquefied natural gas to the western side of North America after taking capacity at an import terminal in Mexico. Gazprom agreed to purchase 1m tonnes per annum of LNG from eastern Russia project operator Sakhalin Energy ...
2009-04-15 07:39:17
Syndicated loans fall drastically [Finance]
The market for syndicated shipping loans continued to deteriorate in the first quarter of this year, falling to its lowest level in terms of the number of deals for at least the past four years. Statistics issued by London-based Dealogic indicate th...
2009-04-15 07:36:03
CSSC manufacturing offshoot profit falls [Equipment]
Shipboard equipment maker CSSC Jiangnan Heavy Industry saw net profit fall 8.5% to Yuan92.2m ($13.6m) last year partly as a result of increased steel and labour costs. The firm, an offshoot of China State Shipbuilding Corp also manufactures gantry cr...
2009-04-15 07:30:05
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