Bangladesh: Shipbuilding as bright spot [Shipbuilding]
Commerce Minister Faruk Khan said recently that the shipbuilding sector emerged as a new bright spot for Bangladesh with broad prospects for growth. Describing the government as business-friendly, the minister assured businessmen of "all-out support"...
2009-02-24 07:38:13
Spain's Galician shipyards buck the crisis [Shipbuilding]
Shipyards in Spain's Galicia region are defying the global financial crisis, creating hundreds of new jobs as order books fill up, largely by switching to the production of specialised high-technology vessels. VIGO - "We are going through a good peri...
2009-02-24 07:33:02
Vinashin sees net revenue to rise by 34% [Shipbuilding]
Intellasia quoted Mr Nguyen Quoc Anh deputy general director & chief business officer of Vietnam Shipbuilding Industry Group as saying that it expects revenues to rise by 34% in 2009 as it builds more vessels to meet rising demand. He said that net s...
2009-02-24 07:27:47
Bailout plan for shipping: Korean [Shipping]
In emergency economy meeting presided over by President Lee Myung-bak last week, the shipping industry emerged as the next target after the construction and shipbuilding industries, where government-supervised and creditor-led restructuring efforts h...
2009-02-24 07:22:51
Turkey to finalize package for shipbuilding [Shipbuilding]
According to Mr Binali Yildirim Transport Minister of Turkey, Turkey is expected to finalize a rescue package for the country’s shipbuilding sector by the end of February. As per report the Ministry is working on measures to support local companies...
2009-02-24 07:09:22
EC reviews shipbuilding policy [Shipbuilding]
The European Commission (EC) of the European Union (EU) will shortly hold a meeting to discuss the review of industrial policies for the shipbuilding industry by inviting executive officers of shipyards within the region. The Community of European Sh...
2009-02-23 07:48:17
Prioritiy shipbuilding order None expansion: China [Shipbuilding]
China's State Council, the government's highest executive organ, approved a draft "shipbuilding industry restructuring and promotion plan" at an executive meeting on Feb. 11. The plan calls for freezing new investment in construction/expansion of doc...
2009-02-23 07:45:42
Korea denies equal cutback of building capacity [Shipbuilding]
KDB Research Institute, an affiliate of state-run Korea Development Bank (KDB), recently compiled a report on the direction South Korean shipbuilders should take in adjusting their production capacities based on lessons learned from recession measure...
2009-02-23 07:42:13
Consolidation among Chinese yards inevitable [Shipbuilding]
The China Daily has reported that China's shipbuilding industry, which last year suffered its steepest annual decline since 2003, is likely to be squeezed further this year by shrinking order books and order cancellations as the global economy remain...
2009-02-23 07:38:32
Revival of Brazil iron ore cargoes lifts rates hopes [Shipping]
European steel mills are booking capesize vessels to ship iron ore from Brazil for the first time since October, brokers have reported, boosting hopes of a sustained recovery in bulk carrier freight rates. ArcelorMittal was among those mills that ...
2009-02-23 07:35:48
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