Maersk Line in talks to delay newbuildings [Shipbuilding]
Maersk Line, the world’s largest containership operator, has confirmed it is in talks with shipyards about delaying the delivery of newbuildings into a market which is already heavily oversupplied. The Danish container line also said it was in disc...
2009-03-11 06:57:50
Orderbook gap narrows [Shipbuilding]
While newbuilding order drought continues worldwide, the gaps between the orderbook of Korea, the world’s biggest shipbuilding nation and those of China and Japan are gradually narrowing. According to the recent data released by Clarkson Researc...
2009-03-11 06:17:38
Daehan showing signs of life: 4th delivered [Shipbuilding]
Korea’s Daehan Shipbuilding which is undergoing debt workout program, delivered its fourth ship to shipowner on March 10th. The Golden Feng, a 170,500-dwt bulker, has a length of 289 meters, breadth of 45 meters and depth of 24.2 meters with cru...
2009-03-10 16:53:02
ThyssenKrupp plans to sell Hellenic Shipyards [General]
Listed German industrial conglomerate ThyssenKrupp is reported to be in talks with the Greek government to sell its Greek subsidiary Hellenic Shipyards (HSY) back to Greece in a move which would solve the ongoing argument around payment of submarines...
2009-03-10 13:37:04
New worry in shipbuilders slump [Finance]
Signs that customers of South Korea's shipbuilders will delay or cancel orders is providing an additional threat to the beleaguered won, already under fire from concerns over the country's foreign currency liabilities. For years, shipbuilders have...
2009-03-10 13:33:53
Auction dates for shipyards set [Finance]
Poland's historic shipyards are now on sale. The first unlimited and open tenders for the sale of assets of the Szczecin and Gdynia shipyards have been scheduled for March 9 and 16, respectively. The property has been divided and valued, and auctions...
2009-03-10 13:20:47
Ezra cancels offshore vessels [Offshore]
Singapore’s Ezra Holdings has cancelled two offshore newbuilding orders at troubled Norwegian shipbuilder Karmsund Maritime. “Karmsund said it would not be able to complete and deliver the vessels in accordance to the respective contracts,” ...
2009-03-10 12:02:56
Demolition prices rising, more ships scrapped [General]
More bulkers are heading to breakers’ beaches after scrapping prices rose last week. Derivatives broker Imarex said seven handysize ships were sold for demolition to 6 March, with ages ranging from 25 to 42 years. Prices rose to between $275 and...
2009-03-10 11:55:02
STX begins to build 13,000TEU vessels [Shipbuilding]
South Korea’s STX Shipbuilding, which has been mainly constructing MR product tankers so far, starts to build higher value-added large-scale ships in earnest. On March 10th, the shipbuilder said that its Jinhae Shipyard in South Korea recently b...
2009-03-10 11:33:27
Cash for Colombo Dockyard [Finance]
Sri Lanka’s Colombo Dockyard has posted a profit rise of 32% for 2008. Net earnings were close to LKR 1.5bn ($13.12m), it said, while revenues jumped 26% to LKR 11.2bn. Chairman Shinichi Tatebe said the yard's revenue target for 2011 of LKR 10bn...
2009-03-10 08:07:13
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