Second round restructuring started [Shipbuilding]
Second phase restructuring of shipbuilding firms has begun in South Korea and four shipyards are attracting industry’s attention on their fate. Government is now asking more severe appraisal standards than the first round. Banks on the basis of ...
2009-03-16 06:14:30
Samsung delivered "West Eminence" [Offshore]
Seadrill has taken delivery of the new deepwater semisubmersible drilling rig West Eminence from the Samsung Shipyard in Korea. The unit delivered Korean waters last friday, en route to its first drilling assignment in Brazil. The semi is ch...
2009-03-15 16:56:22
Steel plate price sinking in China [Equipment]
China Association of the National Shipbuilding Industry said that shipbuilding plate price will continue the downward movement in future. CANSI predicts the possible demand for shipbuilding plate will be 20 tonnes in 2010, while the outputs in 200...
2009-03-13 16:15:03
ClassNK re-issues maintenance guide [General]
Japanese classification society ClassNK has released the latest updated version of its booklet Good Maintenance Onboard Ships. First published in 1994, this latest version of the guide has been expanded to incorporate ideas and comments from port sta...
2009-03-13 16:11:40
Day of shareholders meeting: Korean yards [General]
South Korea’s major listed shipbuilders held general meetings of stockholders on March 13th. At the meeting, Hyundai Heavy Industries reappointed Min Keh-Sik representative director and passed several other bills including financial statements a...
2009-03-13 15:45:39
Big 3 plan bond sales [Finance]
Big3, Hyundai Heavy Industries, the world’s biggest shipyard, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering, may borrow about 3 trillion won ($2 billion), tapping the debt market for the first time in seven years to repleni...
2009-03-13 11:25:58
Recovery of sunken rig begins [Offshore]
Ensco International and US authorities have launched an operation to recover a drilling rig that has been blamed for the SKS Satilla incident. The US Coast Guard says the jack-up 7,160-gt Ensco 74 (built 1999) is about 7.3 meters below water about...
2009-03-13 11:07:49
CSSC to increase plate purchases by 15% [Equipment]
It is reported that China State Shipbuilding Corp expects to increase shipbuilding plate purchases by 15% from a year ago from its five new strategic partners tied up this year. As China's biggest ship plate user, CSSC continues pushing for strate...
2009-03-13 08:09:05
No relation to Norden cancellations: Jiangmen [Shipbuilding]
Jiangmen Nanyang has said it is not the Chinese shipyard which has seen two Norden newbuildings quashed. The Danish owner said on Tuesday that it had axed a 50%-owned handysize pair in China but received deposits back in full. Senior vice-presiden...
2009-03-13 08:05:44
Odense suffered order cancellations [Shipbuilding]
Greek owner Carras (Hellas) has scrapped orders for two of eight capesizes it had contracted at Maersk’s Odense Steel Shipyard in Denmark. The original order was for four vessels placed in the summer of 2007 and two sets of two have been added s...
2009-03-13 07:58:27
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