Stimulus plans for shipbuilding to help steel industry [Equipment]
It is reported that the lately released revitalization plan on ship industry will spur steel industry's rebound and help steelmakers overcome recent crunch. Data shows the world will consume 15 million tonnes of steel products, if global shipbuild...
2009-02-18 08:08:08
Building permits given to 27 ships in Jan: Japan [Shipbuilding]
Japanese shipyards were granted permits for the construction of 27 ships, aggregating 1.16 million grt, in January 2009, according to statistics compiled by the Maritime Bureau of the Ministry of Land, Infrastructure, Transport & Tourism (MLIT). Thou...
2009-02-18 07:56:07
CSSC to issue RMB3bn of bonds [Finance]
Furthering its expansion plans, China State Shipbuilding Corporation will issue RMB3bn ($439m) worth of five-year bonds next week. The bonds, which will each be worth RMB100, will be sold on the interbank bond market from February 23. CSSC is the...
2009-02-18 07:47:07
Maersk FPSOs takes over group's LNG operations [Offshore]
A.P. Moller-Maersk Group says that on April 1, 2009 responsibility for the group's Liquefied Natural Gas (LNG) activities will be transferred from Maersk Tankers to Maersk FPSOs. LNG will then come under the responsibility of Mr. Paul Carsten Pederse...
2009-02-18 07:43:08
Davie Yards to restart work after a client wins $200m [Shipbuilding]
Canada’s Davie Yards expects to recommence shipbuilding work in March after a key client secured $200m of funding to finance three ship newbuildings. Davie halted shipbuilding work on five offshore vessels when its clients were having funding i...
2009-02-18 07:38:57
Japan's newbuilding orders fell 69% in Jan. [Shipbuilding]
Japan’s shipbuilders saw orders fall 69% in January. Orders received in the first month of the year totalled 193,700 gt in January, a fall of 69% compared with the same period last year. Japan Shipbuilders’ Association chairman Masamoto Tazak...
2009-02-18 07:35:00
HSH to cut 1,100 jobs as it quits box financing [General]
HSH Nordbank, the world’s largest shipping bank, will scrap its container financing business as part of a wide-ranging reduction of activities, which will cost 1,100 of the 4,400 jobs at HSH. The bank is owned by the states of Hamburg and Schleswig...
2009-02-18 07:28:14
Forte restructuring & Accelerating M&A: Chinese shipbuilders [Shipbuilding]
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 remains in recession. The industry, the ...
2009-02-18 07:22:45
Grand repair yard project faces rough going [General]
The construction of a large-scale ship repair yard complex in Busan New Port, South Korea, is having a hard going due to the problem of selecting sites. Although the project has many benefits such as increases in tax revenues and jobs, fishing peo...
2009-02-18 06:34:20
Technology innovation: Essential for long run [Shipbuilding]
“South Korea’s shipbuilding industry now got the opportunity to have a long run,” Han Jang-sub, vice-chairman of the Korea Shipbuilders’ Association (Koshipa) said recently in a contribution to a local newspaper. In his article he described p...
2009-02-18 06:28:13
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