Fesco nego with Samsung [Shipbuilding]
Top managers of FESCO PLC held negotiations with delegation that represents Samsung Heavy Industries (SHI). It is the first meeting between Vladivostok shipping company and leading shipbuilder from South Korea. FESCO PLC has a wide experience of coop...
2009-03-20 13:41:22
Bygones: Newbuilding ordering [Shipbuilding]
Newbuilding orders have grounded to a halt for more than three months now, as ship owners around the world are looking for ways to limit future tonnage supply, not to mention their weakened sentiment on the market’s prospects, at least until the wo...
2009-03-20 13:35:47
SLS still building 13 tankers for Stolt [Shipbuilding]
A senior official from SLS Shipbuilding said that they are still going ahead with the construction of up to 13 ships for Stolt Tankers. Stolt Tankers on Wednesday announced that it has cancelled a contract with SLS for a 44,000-dwt coated parcel tank...
2009-03-20 13:25:43
Greek registered fleet increases [Shipping]
Despite the negative results on the power of the Hellenic flag on the recent annual survey of the Hellenic shipping industry in terms of numbers, commissioned by the Greek Shipping Cooperation Committee (GSCC), based on Lloyd’s Register data, figur...
2009-03-20 13:20:50
Hanjin eyes KRW 4.83trn in orders [Finance]
Hanjin Heavy Industries & Construction (HHIC) of South Korea held a general meeting of stockholders on March 20th. At the meeting it revealed that it had achieved revenue of KRW 3.848trn ($2.762bn), operating profit of KRW 510.4bn and net profit o...
2009-03-20 11:26:59
Boxship deferrals to rise to 45% [Shipbuilding]
Around 45% of newbuilding containership capacity scheduled for delivery in 2010 will be delayed or cancelled over the next two years, according to HSBC Global Research. Analyst Steve Man has estimated that delivery delays or cancellations will aff...
2009-03-20 08:04:28
China has too much steel on its plate [Equipment]
Supplies of Chinese steel plate continue to rise, with new facilities due to open just as demand from the country’s shipbuilders goes into a tailspin. Market analysts at a conference on the mainland said yesterday that the 2008 output of steel p...
2009-03-20 08:00:50
SSW ends shipbuilding to focus on steel [Shipbuilding]
Exactly 130 years after the delivery of the first steamboat from the then newly-founded Seebeckwerft, the yard’s latest successor, SSW Schichau Seebeck Shipyard, is to end shipbuilding activities. On Tuesday, SSW’s 320-strong staff was told by...
2009-03-20 07:56:52
Six workers burned at ABG Shipyard [General]
Six workers have suffered burns in an accident at India’s ABG Shipyard. The injured men were taken to hospital at Athwalines following the incident on Wednesday. Abhay Sahu and Mathura Pradhan sustained burns to their faces and legs, while Ra...
2009-03-20 07:41:26
Cochin Shipyard IPO back on? [Finance]
India's ministry of finance has resurrected the possibility of an IPO for Cochin Shipyard. The yard is one of six state-owned companies on a privatisation list, according to a senior government source cited by the Financial Express newspaper. H...
2009-03-20 07:38:00
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