“Optimistic”, STX Europe CEO says [Shipbuilding]
STX Europe is well-placed to ride out the current financial downturn, says its chief executive Torstein Dale Sjøtveit. As shipowners call a halt to ordering new vessels amid the global economic crisis and rapidly growing overcapacity, shipbuilder...
2009-02-04 11:02:24
Jinan Steel inks pact with key shipbuilders in Shandong [Equipment]
It is reported that Jinan Steel Group signed strategic cooperation agreements days ago with seven key shipbuilders like Huanghai Shipbuilding in Shandong to solidify their production-demand chain of shipbuilding plate on the base of mutual benefits. ...
2009-02-04 07:58:49
AEMTC Cooperates with GL for maritime training [General]
A collaboration on advanced maritime training has been agreed between Anglo-Eastern Maritime Training Centre (AEMTC) and GL Academy. The Principal of AEMTC, Capt. K.N. Deboo, Dr Hermann J. Klein, Member of the Executive Board Germanischer Lloyd, ...
2009-02-04 07:50:40
Vietnam’s shipbuilding on the rise [Shipbuilding]
At a time when a host of difficulties are emerging for the world’s largest shipbuilders, experts have questioned Vietnam’s shipbuilding industry, especially in the face of the global economic slump and the absence of a sustainable development pla...
2009-02-04 07:44:49
Samsung hit by a claim concerning Hebei Spirit [General]
Samsung Heavy Industries has been hit by a $200m compensation claim relating to the Hebei Spirit oil spill. In a statement to the stock exchange in Korea, Samsung said the claim had been brought by the International Oil Pollution Compensation Fund...
2009-02-04 07:39:53
Test runs of world's first converted FSRU successful [Offshore]
LNG carrier operator Golar LNG announced on Jan. 30 that it has successfully completed performance test runs on the Golar Spirit, the world's first FSRU (floating storage & regasification unit) converted from a secondhand LNG carrier. The unit is for...
2009-02-04 07:33:19
Miners braced for 30% drop in iron ore prices [Equipment]
Iron ore prices are set to fall in 2009 after six years of price hikes as deteriorating demand triggers severe production cuts in the steel industry, a Reuters poll shows. The fall will mark an end to a bullish run for miners BHP Billiton, Rio Tinto ...
2009-02-04 07:25:52
Abu Dhabi Shipbuilding profits quadrupled in 2008 [Finance]
The Abu Dhabi Ship Building (ADSB), based in the UAE, said yesterday its net profits nearly quadrupled in 2008 to their highest level since it was created 14 years ago. ADSB, one of the largest shipyards in the region, said net earnings leaped to...
2009-02-04 07:21:03
Blueprint for S. Korea’s first large-scale repair yard [General]
A rough sketch has been made for the construction of a large-scale ship-repair yard complex and an oil junction/storage base at the Busan New Port in South Korea. According to Busan city, Ministry of Land, Transport and Maritime Affairs (MLTM) of ...
2009-02-04 06:35:27
DSME’s dazzling business showings to be continued [Finance]
Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea, which joined the ‘KRW 11trn Revenue & KRW 1trn Operating Profit’ club for the first time in 2008, is expected to continue the ‘remarkable growth’ in 2009. Mirae Asset Securiti...
2009-02-04 06:24:09
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