STX Shipbuilding built a pair of world best tankers [General]
Two tankers built by South Korea’s STX Shipbuilding have been chosen as ‘The World’s Best Ships 2008’ by the Royal Institution of Naval Architect of the UK, a shipbuilding engineering institution of authority. 2009 February issue of ‘Sig...
2009-02-18 13:18:39
Global Leader in Shipbuilding [Shipbuilding]
Korea has recently taken a firm position as a global leader in shipbuilding. At USD 43.1 billion in 2008, the industry ranked first among Korean exports for the first time in history, outpacing automobiles and semiconductors. Shipbuilding is expected...
2009-02-18 12:35:27
Pipelay ship delivery pushed back [Offshore]
Saipem, the Italian oil and gas contractor, has delayed delivery of a giant new pipelay vessel building in China's Yantai Raffles. The 290 metre, ice-strengthened Castor One has seen its delivery from Yantai Raffles pushed back from late 2010 to late...
2009-02-18 12:31:55
Korean yards refuse Zim request [Shipping]
The timing of the Zim shipping company's orders of new volume may be unfortunate. That is, evidently, too bad. "South Korean shipyards are refusing to bow to pressure from big shipping companies to cancel or reduce prices," the British maritime trans...
2009-02-18 12:30:13
Crisis blamed for rising Tuzla deaths [General]
A lawmaker from the Nationalist Movement Party and a former shipyard agrees that the number of safety experts at shipyards has decreased but defends the move by citing the crippling effects of the global financial crisis, saying the industry is facin...
2009-02-18 11:41:30
Global ship orders dip by 98% [Shipbuilding]
It is reported that shipbuilding industry continues its deteriorating trend after the severe plunge in November 2008. In January 2009, the world together finished 6.353 million DWT shipbuilding and saw the new ship orders posted at 387,500 DWT, down ...
2009-02-18 11:37:18
Engine makers focusing on productivity enhancement [Equipment]
Dedicated engine manufacturers in Japan have been making record-high equipment investments in recent years. Uncertainty is now growing over the future market resulting from conspicuously slowing down orders of late, but these engine makers intend to ...
2009-02-18 09:03:25
Idle boxship fleet approaches 400 mark [Shipping]
Containerships continue to flood into layup with nearly 400 box vessels now idle, new figures show. The data has sparked fears overcapacity will blight the sector for up to five years. AXS-Liner says 392 containerships, with a capacity of 1.1 m...
2009-02-18 08:27:51
C& Heavy buyers poised [Finance]
Two mystery investment funds have emerged as potential buyers of troubled South Korean shipbuilder C& Heavy Industries. The two private equity funds, one from Australia and the other from the Middle East, are said to have already signed letters of...
2009-02-18 08:18:29
Volgograd Shipyard in need of liquidity [Shipbuilding]
Russia’s Volgograd Shipyard is struggling to complete its orderbook after losing two of its customers. The yard, owned by MNP Group, which also controls Krasnoye Sormovo, is suffering due to the collapse of Sweden’s Svithoid Tankers last year ...
2009-02-18 08:14:45
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