CSIC links with Angang Steel [Equipment]
China Shipbuilding Industry Corporation (CSIC), China's northern ship builder, has entered into strategic cooperation with Angang Steel. This follows on from a similar deal it signed last month with Baosteel to increase steel supply by 20% this year
2009-02-24 13:14:40
Kawasaki changes CEO [General]
The changes come as the shipbuilder and automobile manufacturer has a policy of rotating terms of leadership every four years. A changing of the guard has been announced at Japanese shipbuilder Kawasaki Heavy Industries as Masamoto Tazaki steps down ...
2009-02-24 12:15:25
"Go! Go! EU to ride out" [General]
It was at this event in February 2005 that I first addressed you in my capacity as Commissioner for Enterprise and Industry; and I am very pleased to have this opportunity to speak with you again here tonight. During my tenure, I have made no secret ...
2009-02-24 09:05:59
Indian set subsidy of Rs 5,000cr [Finance]
The shipping ministry is expected to approach the cabinet soon seeking approval for the pending subsidy. Bangalore: The shipping and finance ministries are set to resolve a 17-month-old dispute over subsidizing shipbuilders on confirmed orders tha...
2009-02-24 08:55:06
Ship exports to rise 26% in 2009 [Shipbuilding]
The South Korean government estimates that exports from the nation’s leading shipbuilders will rise 26% in 2009. Officials at the country’s Ministry of Knowledge Economy revealed in a statement that it had been informed that the country’s to...
2009-02-24 08:50:47
Fincantieri to wind down operations [Shipbuilding]
The impact of a shrinking order book on Italian state-owned shipbuilder Fincantieri is beginning to hit its domestic workforce. The company informed metalworkers’ unions last week that workloads at four major yards will start winding down from ...
2009-02-24 08:42:22
"Maritime Vietnam 2009" to open [General]
The international exhibition Maritime Viet Nam 2009 is scheduled to open on Wednesday in HCM City to showcase products and services in shipbuilding, maritime engineering, offshore engineering, ports and logistics. With strong representation in seven ...
2009-02-24 07:57:08
Daewoo CEO faces Do-or-Die Mission [Shipbuilding]
Nam Sang-tae, CEO of Daewoo Shipbuilding & Marine Engineering (DSME), faces a do-or-die mission of sorts. Last week, Nam got another term from the company board, keeping him in his current post until 2011. But analysts and industry watchers say th...
2009-02-24 07:53:02
Capesize rate hits new high [Shipping]
A Capesize bulker was chartered on the spot market at $58,750/day for a Brazil-China voyage, the highest so far this year. On the London market on Feb. 19, the average Capesize charter rate on the world's four key lanes climbed to $38,741/day, co...
2009-02-24 07:48:35
VLCC market will suffer next [Shipping]
DVB Bank says the “vulnerable” very large crude carrier sector will be the next experience a significant downturn, as tonne-mile demand drops and a “deluge” of 70 new tankers enter trades in 2009. Instead the global fleet of 520 VLCCs will be...
2009-02-24 07:44:23
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