12 chemical tankers cut from Celiktekne orderbook [Shipbuilding]
Turkey's Celiktekne Shipyard has seen a dozen ships slashed from its orderbook and is looking for buyers for seven of the nine remaining vessels to be built at the yard. Celiktekne management board member Mehmet Taylan confirms that six 9,000-dwt che...
2009-03-16 13:20:40
Smaller owners see an upside [Shipping]
Lower ship values present a 'golden opportunity' for China's less visible players. Life is beginning to return to the Chinese sale-and-purchase (S&P) market as smaller shipowners move to take advantage of lower prices, according to industry source...
2009-03-16 13:15:17
Maersk renegotiates new VLCCs [Shipbuilding]
Maersk Tankers is renegotiating both the price and delivery schedule of the four VLCCs it ordered from South Korea's STX Shipbuilding last September. Maersk Tankers chief operating officer Kristian Morch says the talks to improve terms are entirel...
2009-03-16 13:11:55
STX Europe posts weak financial results [Finance]
STX Europe branded its 2008 results weak and unsatisfactory as its bottom line was sliced in half. Europe’s largest shipbuilder was saved by one-off sales gains as it pocketed NOK 40m ($5.85m) in 2008, down from NOK 92m 12 months ago. It said: ...
2009-03-16 13:07:54
Arctic research ship aims to benefit from stimulus money [Finance]
A planned multi-million dollar federal fisheries research vessel to be used in Alaska waters looks likely to get a $55 million funding boost from President Barack Obama's stimulus package, which has now been approved by Congress. Martha Stewart, d...
2009-03-16 11:59:44
7 ships ordered in February: down 98% YoY [Shipbuilding]
According to the latest statistics of Clarkson Research Studies, global shipbuilding industry signed only 193,000 DWT new ship deals in February down by 98.4% year-on-year reaching merely 1.5% of the single month's volume in 2004. Among the 7 vessels...
2009-03-16 11:50:36
Hyundai targets $21.1bn : orders [Shipbuilding]
Hyundai Heavy Industries, the world's leading shipbuilder, said Friday that it is aiming at winning US$21.1 billion worth of orders this year, down 33 percent from last year's figure. Last year, the shipbuilder clinched orders valued at a record o...
2009-03-16 07:59:48
Creditors end debt workout for C& Heavy [Finance]
Creditors of C& Heavy Industries Co. said Friday they have terminated a three-month debt workout program for the beleaguered small shipbuilder and will make a final decision next week. The creditors, led by Woori Bank, declared their debt reschedulin...
2009-03-16 07:55:30
High tech is vital [General]
Korean shipbuilders are diversifying and introducing new advanced shipbuilding technologies to continue growing in a hostile business environment. Samsung Heavy Industries said yesterday that it has completed construction of the world’s largest ...
2009-03-16 07:52:21
Jobs at risk: Keppel Cebu [General]
Up to 400 shiprepair workers at Keppel Cebu Shipyard in the Philippines could face the axe as the focus turns to shipbuilding. The Singapore-owned yard’s president David Loh said in a memorandum to staff that it has to reduce its workforce due t...
2009-03-16 07:37:27
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