Shipbuilding order volume sharply shrinking [Shipbuilding]
World’s December 2008 order-receipts amounted to 210,000 dwt, a 99% decrease against December 2007 and a 79% drop against November 2008. World’s 2008 order-receipts totaled 153.06 million dwt (42.44 million CGT), a 40% drop against 2007. Bulk ...
2009-01-21 16:10:52
COSL’s 90% drillilng ship contract has been decided [Shipbuilding]
China Oilfield Services Limited (COSL), the subsidiary of China National Offshore Oil Corp (CNOOC), announced on January 21st, CNOOC’s 2009 capital expenditure budget is CNY 12.88bn of which over 70% will be spent the same way as before. COSL has i...
2009-01-21 15:16:07
Hyundai Heavy Group assists its collaborators [General]
Hyundai Heavy Industries Group supports small- and medium-sized companies which are having difficulties amid global economic downturn. HHI Group on January 21th held a ceremony dedicated to proclaiming an agreement for fair trade together with a n...
2009-01-21 13:59:56
Libya buys six Aframaxes [Shipping]
Libyan state-run shipping company General National Maritime Transport Co. (GNMTC) is making significant reinforcements to its tanker fleet. According to an announcement made by the company, it purchased six state-of-the-art Aframax tankers in Dece...
2009-01-21 12:56:28
255 boxships on standby: Worst levels [Shipping]
The number of containerships on standby at sea has reached 255 vessels as of Jan. 19, 2009. According to findings by French maritime consultant AXS-Alphaliner, 5.5% of the world's containership fleet, or 675,000 TEUs in terms of capacity, is curr...
2009-01-21 12:49:27
Jiangsu Dongfang agrees to cancel 6 bulkers [Shipbuilding]
China's Jiangsu Dongfang Shipbuilding announced on Jan. 16 that it will agree to the cancellation requests from two shipowners for a total of six 37,500-dwt bulkers. The down payments made by the shipowners for the six ships will be applied to other ...
2009-01-21 12:34:03
KDB scraps DSME sale: Official announcement set on 22th [Finance]
The sale of the controlling stake in Daewoo Shipbuilding & Marine Engineering (DSME) to Hanwha Group in effect collapsed. Korea Development Bank (KDB), the largest shareholder of DSME, on January 19th decided not to proceed with the sale any more ...
2009-01-21 11:44:27
No newbuilding orders till March: SCI [Shipbuilding]
State-run Shipping Corp of India (SCI) has put orders for new vessels on hold till March but its long-term plan to buy 40 vessels by 2011/12 is on track, a top official said on Tuesday. "We have decided not to order till March but we are taking de...
2009-01-21 10:53:23
Hanwha drops Daewoo [General]
South Korea's Hanwha Group will likely scrap its takeover bid for Daewoo Shipbuilding & Marine Engineering Corp., the world's number three shipyard, analysts said, despite the group's denial. Hanwha signed a preliminary deal with the state-run Kor...
2009-01-21 10:04:44
Rescue plan: Chinese shipyards [Equipment]
Shipbuilding has been identitfied as one of 10 pillar industries that the State Council will pump urgent cash into in order to stave off disaster, local media has reported. China has made plain its aims to be the largest shipbuilder by 2015 ̵...
2009-01-21 09:54:52
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