Hyundai orders crash 54% [Shipbuilding]
Hyundai Heavy Industries saw new orders crash 54% in January compared with a year earlier. The world's largest shipbuilder said it secured contracts totalling $863m in January but these deals were all for marine engines and offshore equipment. The...
2009-03-02 06:22:39
Newbuilding orders down 50% [Shipbuilding]
Global newbuilding order intakes in 2008 were down by 50% on those in 2007 which marked all-time high. According to Lloyd's Worldwide provisional Shipbuilding Statistics, last year’s shipbuilding order receipts amounted to 2,865 ships or around 86...
2009-03-02 06:08:13
HHI president took office as chairman of Kopia [General]
Hyundai Heavy Industries (HHI) president Choi Kil-seon (pictured) took office as the third chairman of Korea Plant Industries Association (Kopia). Kopia held a regular general meeting in Seoul on February 27th and had Mr Choi as the new chairman. ...
2009-02-27 14:00:01
Indian to set up $450m new shipyard [Shipbuilding]
Indian enterprises are pressing ahead with schemes to construct new shipyards, despite worries of excess in global shipbuilding capacity. According to industry sources, Shri Mataji Ashapura Ports, Infrastructure Leasing & Financial Services (IL&FS...
2009-02-27 13:10:00
Jiangsu inks 43K bulkers with Ningbo [Shipbuilding]
China’s third largest domestic shipper, Ningbo Marine has ordered two handymaxes at compatriot Jiangsu Hongming Shipbuilding for around $70m. Ningbo already has a 43,000-dwt bulker on order at the shipyard set for delivery in September. The two ...
2009-02-27 11:48:57
Vinashin to sell $400m worth of bonds overseas [Finance]
Vinashin plans to sell as much as US$400 million in US dollar-denominated bonds this year and has asked the government to guarantee the sale, Chief Business Officer Nguyen Quoc Anh said in an interview in Hanoi. “We expect to hear from the governme...
2009-02-27 11:06:10
Nexus to idle FPSO upon delivery from Samsung [Offshore]
Norway’s Nexus Floating Production is set to lay up its first FPSO upon delivery in June due to the downturn in the offshore sector. The Oslo-listed company has two harsh weather FPSOs – the Nexus 1 and Nexus 2 – on order at South Ko...
2009-02-27 08:12:20
Newbuilding order rebound will come in the 2nd half [Shipbuilding]
STX Shipbuilding of South Korea is predicting a return of newbuilding orders in the second half when financing difficulties ease. It has also provided more details on a possible re-listing of its STX Europe arm, the former Aker Yards. Vice chairma...
2009-02-27 08:06:49
Bourbon Offshore sticks to its large-scale orderbook [Offshore]
Bourbon Offshore says it will plough ahead with its mammoth orderbook despite most of the vessels remaining unfixed. But it is facing a race against time to crew all of the ships and is looking to recruit from the merchant shipping sector to help ...
2009-02-27 08:01:17
Frontline suezmax newbuilding deliveries delayed [Shipbuilding]
As it faces tight financing, Frontline will take even later delivery of eight suezmax newbuildings, the tanker owner's finance chief revealed Thursday. The octet on order at Rongsheng shipyard will be delayed by between five and nine months, Inger...
2009-02-27 07:56:55
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