Malaysia takes delivery of its first submarine [Shipbuilding]
Malaysia has taken delivery of its first submarine -- a Scorpene built by French military shipyard DCNS in partnership with Spanish shipyard Navantia. A Royal Malaysian Navy (RMN) statement said Wednesday Nazri Siron, secretary of the Defence Mini...
2009-01-29 07:47:12
Samyung ENC recorded the highest sales [General]
South Korean company Samyung ENC’s 2008 sales are expected to set a new record. “It is anticipated that Samyung ENC’s last year sales would amount to KRW 33.6bn (about USD 24m). It is the largest amount exceeding the KRW 32.7bn in 2005.” Jaok...
2009-01-29 07:39:27
C& Heavy selling management right for own salvation [Finance]
South Korea’s C& Heavy Industries is looking to secure its last own salvation including selling the right of management for resuscitation. An official at C& HI said on January 28th, “C& HI is striving for additional self-help such as looking f...
2009-01-29 07:37:49
No rush for House probe of Hanjin deaths [General]
The chair of the committee on labor and employment at Philippine House of Representatives said on Wednesday there is no rush to investigate the reported deaths of workers at the Subic, Zambales shipyard of Hanjin Heavy Industries. "We will schedul...
2009-01-29 07:37:26
SHI and DSME expecting Brazil’s investment expansion [General]
A securities company forecasted that South Korea’s Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) are expected to be beneficiaries of the investment expansion of Brazil’s state-owned energy company. “Brazilia...
2009-01-29 07:36:34
Atlantico, the lowest bidder for Transpetro's tanker ne... [Shipbuilding]
Atlantico Sul shipyard has emerged as the lowest bidder for nine tankers for Brazil's Transpetro, which has rejected another yard's bid for three products tankers. The compatriot yard submitted lower bids than rival Estaleiro Ilha SA (Eisa Shipyar...
2009-01-29 07:31:37
NYK Line eyes Malaysian owner [Shipping]
Japan’s NYK Line could use the current global economic slump as a springboard to expanding in Malaysia. The liner giant and diversified shipowner is eyeing a larger slice of the market in the Southeast Asian country, a Malaysian newspaper report...
2009-01-29 07:26:11
Siem loses $6m on cancellation at bankrupt shipyard [Offshore]
Siem Offshore admits it has lost NOK 40m ($5.97m) on the cancellation of a newbuilding purchase from bankrupt Norwegian shipbuilder Havyard Solstrand. The figure, which was a “premium...in excess of the price in the contract with the yard”, will ...
2009-01-29 07:19:50
Slowdown to Varun Shipping offshore fleet expansion [Offshore]
Varun Shipping MD Yudhishthir Khatau has revealed that the company will be unable to reach its capital expenditure target of $400m for 2008/09 due to unavailability of vessels, reports Reuters. The firm had planned to buy at least four vessels in the...
2009-01-29 07:13:17
Singapore up: Shipping Industry [Shipping]
Singapore’s maritime authorities have said 2008 was a good year for the country’s shipping industry, despite the year-end downturn. The Maritime and Port Authority (MPA) said the sector “defied economic gravity” to hit new highs in vessel ar...
2009-01-29 07:02:57
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