Orders to resume at year-end [Shipbuilding]
Newbuilding orders will come only at the end of this year, said Tomokazu Taniguchi, president of Kawasaki Shipbuilding of Japan, in an interview with Nihon Keizai Shimbun recently. The gist of the interview on the prospects for shipbuilding indust...
2009-04-01 06:38:27
ThyssenKrupp appoints Mr Ito as CEO of Hellenic Shipyards [General]
ThyssenKrupp Marine Systems said that Mr Akio Ito will replace Mr Reinhard Kuhlmann as CEO of Hellenic Shipyards at Skaramangas with effect from April 1st 2009. Mr Ito is presently a member of the executive board of ThyssenKrupp Umformtechnik GmbH. M...
2009-03-31 18:17:38
RD Group embarks on shipyard expansion [General]
A homegrown shipbuilder is investing P250 million for a new facility in nearby Maasim town, Philippines to take advantage of growing transportation demand in the region. Gensan Shipyard and Marine Works, Inc., a subsidiary of the RD Group of Companie...
2009-03-31 16:03:54
Industrial park to house shipbuilding [Shipbuilding]
The management board of Van Phong Economic Zone in the central coastal province of Khanh Hoa has granted the investment licence for establishing the Nam Cam Ranh Industrial Park in the centeral coastal province of Khanh Hoa. The Nha Trang Shipbuildin...
2009-03-31 15:59:17
Shipbuilders fighting dwindling cash pile [Finance]
Korean shipbuilders are extending their "emergency mode" to hold onto cash to cope with the prolonged economic downturn. Selling large amounts of corporate bonds seems sufficient for the time being, but doesn't ease mounting worries over liquidity...
2009-03-31 15:49:35
China rising [Shipbuilding]
Overview on the Adjustment and Revitalization Plans of Chinese Shipbuilding Industry issued by Chinese government in February, 2009 to supporting Chinese shipping industry: Government encourages the financial organizations to increase credit funds fo...
2009-03-31 15:41:18
STX wins KRW 240bn diesel genset [Equipment]
STX Corporation of South Korea has won a diesel electricity generation facility supply contract. The deal is the biggest in scale in the company’s history. STX Heavy Industries said on March 31st that it has signed some KRW 240bn ($172m) diesel ...
2009-03-31 12:02:40
Daewoo delivered 14,000TEU [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea on March 26th held a naming ceremony for the world’s largest 14,000-teu containership. At the ceremony participated DSME vice president Ki Won-gang, MSC Israel president Edni Simkin ...
2009-03-31 11:38:32
Baosteel agreed steel deal with Maersk [Equipment]
Denmark’s AP Moller-Maersk has reportedly signed a cooperation deal with China’s Baosteel Group. The three-year agreement entails Baosteel supplying Maersk with various kinds of iron and steel products, including container steel and shipbuildi...
2009-03-31 07:51:11
IHI eyes less loss [Finance]
Troubled shipbuilder IHI Corp has slashed its expected full-year loss in half. The Japanese yard had braced investors for a JPY 25bn ($259.11m today) reverse when in February it unveiled its loss-making result for the first nine months. The pro...
2009-03-31 07:48:31
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