Shipbuilders, marine equipment makers help secure jobs [General]
The shipbuilding and marine equipment industries, on the back of their huge workloads, are stepping forward to help secure jobs for mid-career workers and those fresh from school. The move comes at a time when a severe employment situation is develop...
2009-02-27 07:50:05
IHIMU to speed up development of new products [Shipbuilding]
IHI Marine United (IHIMU) intends to exert itself to expand its construction menu and accelerate development of products in preparation for the prolonged slump in newbuilding demand and intensified competition with other countries. Yoshinori Imashimi...
2009-02-27 07:45:50
Experts fear negative impact of nationalisation [Finance]
Experts fear that the nationalisation of shipping banks and government help for others may have a negative effect on global lending volumes. Because of the severe losses banks suffered during the financial crisis, some are now already partly owned...
2009-02-27 07:42:06
STX mulls plans to relist STX Europe [Finance]
STX Group is mulling plans to relist STX Europe, created after it bought Norway’s Aker Yards, just weeks after the company was delisted from the Oslo bourse. The proposal was confirmed by STX Group vice chairman Lee Jong-chul during a press bri...
2009-02-27 07:35:30
Frontline, no newbuilding order cancellations [Shipbuilding]
Frontline said yesterday it did not expect to cancel any of its 18 tanker newbuildings on order, as other owners and operators were forced to rethink business strategies amid a global recession. “It’s important to remember why we ordered these sh...
2009-02-27 07:30:46
Italian shipbuilders in joint push for aid [Shipbuilding]
Italy’s shipbuilders have called for a joint industry lobbying effort in Brussels for targeted financial aid to help the industry surmount the ongoing economic crisis. In its quarterly bulletin, Italian shipbuilders’ association Assonave describe...
2009-02-27 07:26:07
C& Heavy sale open [Finance]
Lazard Asia Limited and Mirae Asset Securities, the consultative firms for the sale of C& Heavy Industries, announced on February 25th that they started to receive letter of intent (LOI) for the acquisition of the shipyard from home and abroad. Early...
2009-02-27 06:52:41
Hyundai Samho will deliver Zim’s ships as planned [Shipbuilding]
Hyundai Samho Heavy Industries of South Korea says the newbuildings ordered by Israeli operator Zim and set to be completed this year will be delivered to the owner as scheduled. A high-ranking official at Hyundai Samho said, “The ships to be de...
2009-02-27 06:45:16
Newbuilding prices by ship types: Downward trend [Shipbuilding]
The Clarkson Newbuilding Price Index as of February 20th recorded the lowest level of 160 points since March 2005, down 17 points (9.6%) from 177 points at the end of last year. The latest figure is down as much as 30 points (15.8%) from the peak of ...
2009-02-27 06:40:12
Hyundai finished labor activity [General]
Hyundai Heavy Industries’ labor union on February 25th held a temporary general meeting of representatives and decided to put wage matters under management’s charge in 2009. 174 representatives among the entire 187 participated in the meeting ...
2009-02-26 13:56:06
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