Chouest outlines Tampa Ship plans [Shipbuilding]
Edison Chouest Offshore in the U.S. has outlined some of its plans for its latest shipyard venture, Tampa Ship, in Tampa, Fla. On November 18, 2008, Edison Chouest Offshore officials appeared before the Tampa Port Authority to negotiate the assign...
2009-01-19 07:22:15
United Shipbuilding to cut costs [Shipbuilding]
United Shipbuilding Corporation (USC) will cut its costs because of economic crisis, RBC cites USC President Vladimir Pakhomov as saying at the ceremony dedicated to opening of USC office in St. Petersburg. "USC plans have been adjusted in view of th...
2009-01-19 07:20:15
Six bulkers cancelled at JES International [Shipbuilding]
Two mystery shipowners have chopped six bulker newbuildings worth $160m at China’s JES International Holdings and escaped with their respective deposits intact. The duo have also delayed the delivery of another half-dozen handymax units in the late...
2009-01-19 07:11:56
STX Dalian engine factory kicked off [Equipment]
STX Dalian shipbuilding complex in China, under construction by STX Business Group of South Korea, has successfully produced its first diesel engine for ship. With this, the STX Dalian shipbuilding base has established an overall shipbuilding syst...
2009-01-19 06:09:20
Hyundai set KRW23trn sales: USD10bn ship orders [Finance]
Hyundai Heavy Industries (HHI) informally revealed that its revenue and order receipt (shipbuilding) targets of this year are 23trn won ($16.9bn) and over $10bn each. HHI President Choi Kil-seon on January 16th said at the New Year’s Greetings M...
2009-01-19 06:01:44
Revitalization plan of shipbuilding industry [Shipbuilding]
Following steel and automobile industries, the planning of shipbuilding industry’s revitalization is also formulated in full swing. According to the report from authoritative sources, the arranged meeting for the shipbuilding industry’s revitali...
2009-01-17 12:13:30
Samsung shakes up executive [General]
Kim Jing-wan, presidents of Samsung Heavy Industries was promoted to vice chairman. The Samsung Group last friday carried out its biggest-ever shakeup of top management in a move seen as aiming to form younger leadership to weather the global eco...
2009-01-17 10:39:26
CSSC flying against the wind [Shipbuilding]
China State Shipbuilding Corporation’s economic aggregates (total supplies and demands) and shipbuilding output maintained rapid growth in 2008 despite of a variety of unfavorable factors. Its shipbuilding completions amounted to 8.539m dwt, a 1.98...
2009-01-16 23:30:36
The fate of Daewoo sale to be decided next week [Finance]
The sale of Daewoo Shipbuilding & Marine Engineering to Hanwha Group is on the verge of collapse as funding for the acquisition has become much more difficult amid the global credit crisis. The Korea Development Bank, major shareholder of the ship...
2009-01-16 18:21:47
STX to best benefit from Donkuk’s steel price cut [Finance]
As Dongkuk Steel Mill, a South Korean steelmaker, decided to lower the prices for shipbuilding steel plates by 250,000 won (181 dollars) per ton from January 19th, STX Shipbuilding was analyzed to be the greatest beneficiary from the move. On Janu...
2009-01-16 17:21:07
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