South Korea: 25% to receive C or D grades [Finance]
Among the group of 70 construction companies and 4 shipbuilders subjected to receive evaluations for the second round of restructuring, around 20 companies are expected to undergo a workout process or be liquidated from the industry. The figure accou...
2009-03-25 06:58:49
China plans KG financing [Finance]
Central government is looking seriously at Germany’s KG system of financing ships as a way to help its beleagured, bloated shipbuilding industry through the downturn. Sources in Shanghai say that Beijing acknowledges its initial shipbuilding st...
2009-03-25 06:50:45
Keppel Cebu yard withdraws from repairs [General]
Keppel Offshore & Marine Ltd., a major Singaporean ship repairer, plans to withdraw from repair operations at its Cebu yard in the Philippines, according to foreign press reports. It appears that Keppel has judged demand-supply for ship repairs i...
2009-03-24 13:26:51
DryShips to secure $630m contract [Offshore]
George Economou’s DryShips has bagged a $630m offshore contract in Turkey. It says drilling unit Ocean Rig secured the three-year exploration drilling deal with Petrobras in the Black Sea. The contract includes mobilization, disassembly and reas...
2009-03-24 13:24:25
Ultrapetrol booms [Finance]
Strong revenues and a positive derivatives performance helped Argentine diversified shipowner Ultrapetrol to it “best year” to date. Operating and financial expenses were well ahead of 2007 but a reversal of fortunes in forward freight agreement ...
2009-03-24 13:20:39
LNG tie-up between Dalian and PetroChina [Offshore]
Dalian Port is teaming up with PetroChina, China’s largest oil and gas producer, to build and operate an LNG terminal. The Hong Kong-listed port operator says it will take a 20% stake in the venture which is to be called PetroChina Dalian LNG Co...
2009-03-24 13:18:20
Hyundai to Issue 1Tril. Bonds [Finance]
Hyundai Heavy Industries is considering issuing a minimum of 1 trillion won in domestic bonds in a bid to secure cash amid the industry's prolonged downturn. "Hyundai Heavy needs to improve cash flow because of few ship orders," a credit analyst t...
2009-03-24 09:02:19
Scrap shock: Breakers crisis [General]
Scrap prices have softened as shockwaves hit the demolition industry following the shutting down of all Bangladesh’s breakers yards. Two sales in Bangladesh were reported, but these could be the last for some time, after the government gave yard...
2009-03-24 07:36:35
Kleven still building cancelled orders [Shipbuilding]
Kleven Marine will press on with two anchor handling tug supply newbuildings which were cancelled by Siem Offshore today. Stale Rasmussen, managing director of the shipyard group says the pair will be completed after the remaining eight Siem units...
2009-03-24 07:33:28
State shake-up on PT Pal [Finance]
Indonesian shipyard PT Pal and container line Djakarta Lloyd are on a list of companies to be restructured under the control of the state asset management agency. A total of 14 state-owned firms are in line for a shake-up under the auspices of Per...
2009-03-24 07:29:22
Start  Prev  4861  4862  4863  4864  4865  4866  4867  4868  4869  4870  Next  End
« 2024 - 7 »
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      
Most Read Articles
There is no data
Related Media News
Navy Chooses Evolution Over Re…
Women encouraged to take up sh…
$765M Research Vessel Highligh…
Latest NB Fixtures
STX, up to 3 tankers
DSME, 3 VLGCs
DSME, 10 VLCCs
Column/Contribution
Steps toward Operational Excellence in Shipbuilding: Elimina…
Reportage/Interview
[Interview: Danfoss Group] "NB market to be recovered"