Yantar Shipyard wants more workers [General]
Russia’s Yantar Shipyard is bucking the trend of redundancies in the sector by planning to hire up to 500 workers. Russian newspaper Kaliningradskaya Pravda said the Kaliningrad facility has just under 3,000 staff currently, but has taken on 130...
2009-03-16 07:33:41
Croatia sets date for shipyard sale [Finance]
Croatia has firmed up plans to sell off its shipyards and will open the bidding in November. Croatian deputy prime minister Damir Polancec has held talks with representatives of 3 Maj, Kraljevica, Brodotrogir and Brodosplit to agree the basic term...
2009-03-16 07:30:20
Korean shipbuilders hard hit by won's fall [Finance]
The Korean won's plunge to the lowest level since the 1998 currency crisis is causing a greater-than-expected damage on the country's shipbuilders and financial institutions. Smaller shipyards have reported heavy losses from a financial product they ...
2009-03-16 07:27:22
Danaos moves to delay deliveries [Shipbuilding]
Piraeus-based Danaos Corp is close to pushing back one third of its vessel deliveries in one of container shipping’s biggest newbuilding programmes. Five vessels have already been delayed by up to eight months, while the New York Stock Exchange-lis...
2009-03-16 07:22:56
Samsun Logix wins stay from UK creditors [Finance]
London’s High Court has ordered a moratorium be imposed on Samsun Logix creditors in the UK, recognising the primacy of insolvency proceedings already underway in Korea. Mr Justice Morgan made an order in the Chancery Division of the High Court giv...
2009-03-16 07:19:52
Sevan sued over $7m missed payments [Offshore]
Chinese yard Jiangsu Hantong Ship Heavy Industry is taking legal action against Norwegian shipowner Sevan Marine over missed payments. Sevan said it was withholding $7m of payments to the yard on two oil-producing vessel projects to reduce its ow...
2009-03-16 07:17:03
Greeks expand fleet but home flag suffers [Shipping]
Greek shipowners increased the tonnage under their control during the last 12 months, but the Greek flag appears to be suffering under the impact of the financial and freights crisis. According to an annual survey conducted for the Greek Shipping Co-...
2009-03-16 07:11:33
Shipyards urge gov't aid: Turkey [Shipbuilding]
Turkey’s growing shipping industry needs government support to survive harsh global conditions, says Metin Kalkavan, chairman of the Turkish Chamber of Shipping. Turkey’s shipping industry needs state support in order to be more competitive in th...
2009-03-16 07:07:57
Teekay in FLNG conversion project [Offshore]
Teekay Corporation and Merrill Lynch Commodities are to jointly develop a project to convert the SS Arctic Spirit into a floating liquefied natural gas plant to be moored alongside a pier near Kitimat, British Columbia. Teekay LNG Partners L.P. will ...
2009-03-16 07:05:22
Bulker cancellations may reach 100m dwt [Shipbuilding]
A third of the 300m dwt of bulk carriers on order will be cancelled in the next three years, according to Norwegian broker Lorentzen & Stemoco. An estimate of 100m dwt of newbuilding cancellations has been worked out by investigating what owners have...
2009-03-16 07:01:21
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