Austal wins ferry order again [Shipbuilding]
Austal, the Australian fast ferry specialist, has secured its second newbuilding contract in less than a week. Maltese ferry operator Virtu Ferries is the owner behind the latest order which is for a 107 metre vessel worth AUD106m ($77m). The f...
2009-04-07 07:44:51
Petrobras FPSO tender could be delayed [Offshore]
Petrobras reportedly could delay its planned tender for eight floating, production, storage and offloading units (FPSOs) to fetch an improved price. The Brazilian oil company is scheduled to receive proposals next week for the FPSO hulls, but Braz...
2009-04-07 07:41:33
Major Chinese see a slight decline [Finance]
Listed Chinese shipbuilders suffered a slight decrease in profit margins for 2008 compared to a year earlier primarily because of higher steel product prices. Among major Chinese yards that had announced, by March 1, their earnings results for th...
2009-04-07 07:36:15
Workers urge SSW rescue plan [General]
Employees and metal workers union IG Metall have urged the owners of bankrupt SSW Schichau Seebeck Shipyard in Bremerhaven to come forward with a joint plan to rescue the operation. The shipyard, which is owned by the investors Karl-Heinz Jahncke,...
2009-04-07 07:30:34
Suezmax rates reach 10-year lows [Shipping]
Suezmax charter rates hit 10-year lows of $19,000 per day for a transatlantic route and $14,000 per day for a Mediterranean voyage. Brokers said owners were unwilling to go any lower on rates for 1m-barrel capacity tankers in West Africa and the B...
2009-04-07 07:26:42
Massive order cancellations to come [Shipbuilding]
It is reported that shipbuilders are suffering from order cancellation which is expected to make another two comebacks in 2009 and 2010 hammered by spreading financial crisis and overcapacity. Barry Rogliano Salles Group, a French shipping brokerage ...
2009-04-07 07:22:49
Gloomy days ahead for Indian shipbuilding [Shipbuilding]
The shipbuilding industry in India has no respite even if the central government has announced heavy subsidy package for the industry as the implementation hurdles make things blurred for the companies. The Government of India had approved the su...
2009-04-07 07:16:12
Keppel Cebu sheds off 91 workers [General]
Keppel Cebu Shipyard, a wholly owned subsidiary of Keppel Philippines Marine, Inc. (KPMI), has implemented a redundancy program for employees as it refocuses on specialized ship building and exit from ship repair. In a statement issued on Friday,...
2009-04-07 07:12:02
Nanyang Hanye signs supply pact with Wuchang [Equipment]
It is reported that Nanyang Hanye Iron & Steel Co Ltd signed a long term direct supply agreement with Wuchang Shipyard Heavy Engineering Co Ltd days ago. As one of the steelmaker’s key customers, Wuchang Shipyard Heavy Engineering Co is a sole subs...
2009-04-07 07:09:41
30% growth for Indian shipbuilding [Shipbuilding]
Braving the ongoing economic slowdown, Indian shipbuilding industry can grow at a rate of more than 30 per cent and this momentum can be maintained for the next 10 years. This was observed by Garden Reach Shipbuilders and Engineers Limited (GRSEL) Ch...
2009-04-07 07:04:59
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