Confirmed cancelled orders exceed 200 [Shipbuilding]
Definite newbuilding cancellations have topped more than 200 ships but the real figure could be up to three times higher as the global recession worsens and news of more ditched orders come to light. Around 220 allocated hull numbers for newbuildings...
2009-01-30 10:52:12
DryShips to suffer a loss of $14.1m in total on cancellation [Finance]
DryShips will pay an additional $8m to escape the $61m bulker purchase and end a dispute with Fednav under an agreement announced Thursday. "In view of market conditions and following negotiations, the company and the seller have mutually agreed t...
2009-01-30 10:30:23
Keppel completes series of five Scorpion jackups [Offshore]
Keppel AmFELS, a wholly-owned subsidiary of Keppel Offshore & Marine in the US Gulf of Mexico, has delivered the jackup drilling rig, Offshore Intrepid, to Scorpion Intrepid, a subsidiary of Scorpion Offshore on time. With this delivery, Keppel AmFEL...
2009-01-30 08:12:55
To be continued China factors: Shipbuilding Industry [Shipbuilding]
The “China factors” on which the country’s shipping and shipbuilding industries rely will not be fundamentally changed despite the current financial crisis which is causing “huge difficulties” for the industry, says the China Classification...
2009-01-30 08:04:15
AfDB threatens to suspend funding of Cameroon’s shipyard p... [Finance]
The construction of the Limbé oil yard (south-west Cameroon) could stop because of the threat of donors, the African Development Bank (AfDB) to be specific, to pull out of the project, APA learns from reliable sources. Donors, mainly the Af...
2009-01-30 08:00:43
Samsung ups net profit [Finance]
Samsung Heavy Industries has followed up a strong third quarter with a bumper full-year performance. It is thought the drop in steel prices at the end of the year contributed towards the 35% rise in net income. Vessels ordered at high prices wh...
2009-01-30 07:54:41
Sasebo bracing itself for loss in Q4 [Finance]
Japanese shipbuilder Sasebo Heavy Industries is bracing itself for a net loss in the final quarter of the year. But the yard has kept its full-year forecasts intact after reporting increased nine-month profit. Revenues were also ahead in the fi...
2009-01-30 07:49:54
Any takers for a stake in SNO Shipyard? [Finance]
The major shareholder of Romanian shipyard Santierul Naval Orsova (SNO) is looking to offload an 11.8% stake. SIF 3 Transilvania, one of Romania's five regional investment funds, wants RON 11.47m ($3.6m) for the holding. The fund is offering 1....
2009-01-30 07:44:54
Steel plate prices may decline in spring [Equipment]
According to multiple informed sources, steelmakers appear to have decided to finally put off the increase in steel prices despite the prolonged negotiations with Japanese shipyards in relation to their requested markup in prices beginning with the O...
2009-01-30 07:39:21
QBSHI and SSI completed large docks [Shipbuilding]
According to overseas report, shipyard expansion construction for China’s state-owned shipbuilding group, China Shipbuilding Industry Corporation (CSIC) is going smoothly. Qingdao Beihai Shipbuilding Heavy Industry (QBSHI) and Shanhaiguan Shipbuild...
2009-01-30 07:32:41
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