Ship scrapping upsurges amid world-wide depression [Shipbuilding]
The dismantling amounts of dry bulk carriers carrying grains, coals and iron ores have upsurged along with the deterioration of shipping market last year. In 2008, bulker dismantling amounts set a new record with 93 units of 5.02 million dwt since 20...
2009-01-30 07:31:27
World's first Drilling FPSO leaves Keppel Shipyard for ... [Offshore]
The world's first Floating, Drilling, Production, Storage and Offloading vessel (FDPSO), which is owned by Prosafe Production, has left Keppel Shipyard in Singapore on January 24, 2009. After a short stay at anchorage, it will head for the Republic o...
2009-01-30 07:27:28
DryShips sales fail and it may cancel drillship orders [Finance]
DryShips said Wednesday that three sold vessels are not likely to be delivered to buyers and two drillship orders may be cancelled. In a securities filing, the George Economou-led bulker owner identified the sales of the 72,000-dwt La Jolla (built...
2009-01-30 07:22:14
Samsung & Daewoo into offshore ‘Gold Rush’ [Offshore]
South Korea’s shipbuilding firms are taking share in an offshore ‘Gold Rush’. Ministry of Land, Transport and Maritime Affairs (MLTM) in last March secured an exclusive exploring license for the 20,000㎢ mine lot in the Tonga EEZ. And it re...
2009-01-30 06:30:04
2nd round: More into workout group [Shipbuilding]
In South Korea, the second phase of restructuring for construction and small shipbuilding firms in effect raised the curtain and as for shipbuilders, unlike the first round of restructuring, many are expected to be categorized into the C group which ...
2009-01-30 06:21:21
DSIC promises ‘3 No’ [Finance]
The president of Dalian Shipbuilding Industry (DSIC), Sun Bo, promised on 6th employees’ representatives meeting on January 16th, 2009, that there will not be redundancy, a pay cut, and a change in welfare, due to the international financial crisis...
2009-01-29 16:47:58
Hyundai reports all-time high business results [Shipbuilding]
Hyundai Heavy Industries achieved all-time high business results last year. HHI announced Thursday that it attained revenue of 19.9571trn won ($14.514bn), operating profit of 2.2062trn won and net profit of 2.2433trn won in 2008, up 28.5%, 26% and...
2009-01-29 16:42:53
Delaying delivery dates could cause problems in exchange res... [Shipbuilding]
Major South Korean builders are receiving requests to put off the delivery of large-size containerships from European owners one after another. Though the conditions of the requests will only be fully discussed henceforth, the shipyards at this point...
2009-01-29 14:14:00
COSCO Zhoushan revises BC delivery dates for Greek owner [Shipbuilding]
China's COSCO Shipyard Group has agreed with Greek owner Goldenport Holdings Inc. to reschedule the delivery dates for four 57,000-dwt Handymax bulkers on order, according to an announcement made by Goldenport on Jan. 26. The delivery dates, all orig...
2009-01-29 14:05:39
Putin expects global economy to rebound in late 2009 [General]
Russian Prime Minister Vladimir Putin has said that he believes the global economy will start recovering from the current crisis by the end of this year. "We believe elements related to positive development trends will become tangible at the end of t...
2009-01-29 13:59:08
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