Newbuilding orders may fall 40% in China [Shipbuilding]
Newbuilding orders at Chinese shipyards will slump 40% this year derailing its efforts to become the world’s number one shipbuilder, a top Asian bank claims. Dwindling demand for bulk carriers following a crash in the sector’s earnings will ac...
2009-01-16 07:04:15
Dongkuk drops steel plate prices [Equipment]
South Korea’s steel maker Dongkuk Steel Mill will lower the prices for steel plates by 250,000 won (181 dollars) per ton from January 19th. It announced on January 15th that it would drop the prices for shipbuilding steel plates from 1.41 millio...
2009-01-16 06:12:08
Big three’s investment in facilities goes on [Shipbuilding]
Despite global economic recession, South Korea’s major shipbuilding companies are planning to continue investment in shipyard facilities in 2009 for the improvement of productivity. Large shipbuilders with three to four year long order backlogs ...
2009-01-16 06:07:11
Containership rental price will drop this year [Shipping]
Clarkson Research Services (CRS) has recently said, the container transport volume will still show growing tendency in 2009 despite the intrusion of the global economic crisis, however, it also warned that the rental price of container ship will face...
2009-01-15 22:53:17
China’s shipping industry has not yet bottomed out [Shipping]
At the ‘World Shipping (China) Summit 2009’ held in Shanghai on January 13, 2009, Guoqing Zhang, Associate Director at the Policy Research Office of the Ministry of Commerce of the People’s Republic of China said that China’s trade surplus is...
2009-01-15 17:07:51
NJTC takes delivery of another VLCC [Shipbuilding]
It was reported that CSC Nanjing Tanker Corporation (NJTC) has officially taken delivery of another VLCC, the Yangtze Spring. It is the second 297,000-ton Very Large Crude Carrier independently manned, run and conducted by NJTC. Wanjin Li, Gen...
2009-01-15 15:25:37
Samsung wins LNG-FPSO order [Offshore]
Samsung Heavy Industries on January 15th announced that it has received an order for the construction of LNG-FPSO for $680m from a European shipowner. Samsung said it is the first order-intake in shipbuilding industry in 2009 and the LNG-FPSO orde...
2009-01-15 12:24:44
150K FSO launched in Vietnam [Offshore]
A floating storage and offloading unit (FSO) which has a capacity of 150,000 tonnes, the FSO5, was successfully launched on January 14 by the Nam Trieu Shipbuilding Industrial Corporation. This is the biggest vessel built by Vietnamese shipbuilder...
2009-01-15 07:50:44
NWS buys Okskaya Shipyard [Finance]
Russia’s North-Western Shipping (NWS) has purchased a third of domestic shipbuilder Okskaya Shipyard The 33.4% slice is costing the bulker owner RUB 420.8m ($13.47m) through a private offering of additional shares, NWS said. Okskaya, based in Ni...
2009-01-15 07:47:49
Boxship players in crisis [Shipping]
Container shipping is facing its worst year ever, with even the biggest lines not safe from the risk of collapse. That is the bleak assessment of industry prospects from Drewry Shipping Consultants, which has downgraded its traffic numbers for 20...
2009-01-15 07:41:26
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