Dry bulk market shows signs of early recovery [Shipping]
With the Dry Bulk Index (BDI), which tracks the cost of hauling commodities like iron ore and coal, posting a healthy number of consecutive upward sessions, optimism seems to be returning at the dry bulk shipping sector, which has been plagued by the...
2009-01-15 07:36:16
China bags PCTC Newbuild [Shipbuilding]
According to local media sources in China, it appears that Chinese yard Nantong Mingde Heavy Industry may receive an order from domestic shipowner Dalian Port Group Logistics for two 2,300-unit PCTCs (pure car/truck carriers) with two ships on option...
2009-01-15 07:30:54
Chengxi brings in 170K Floating Dock [General]
Chengxi Shipyard under China State Shipbuilding Corp. (CSSC) Group has reportedly introduced a 170,000-ton floating dock at its ship repair subsidiary Jiangsu Xinrong Ship Maintenance late last year, according to local Chinese reports. It seems that ...
2009-01-15 07:24:53
Anglo-Eastern won’t cancel orders [Shipbuilding]
January 12, 2009, Cremers, the CEO of the Anglo-Eastern Group and the chairman of the Hong Kong Shipowners’ Association, said in Wan Chai that the Anglo-Eastern Group has no intention to abolish the newbuilding orders, nor selling obsolete vessels,...
2009-01-15 07:20:56
Shanghai Customs supports shipbuilding industry [Shipbuilding]
To actively support the development of Shanghai's shipbuilding enterprises, Shanghai Customs introduced a series of personalized service which effectively promotes the development of the shipbuilding industry. Shanghai is the cradle of China's shipbu...
2009-01-15 07:19:18
Dayang Shipbuilding launched 4 bulkeres at the same dock [Shipbuilding]
Under the financial crisis, Yangzhou’s shipbuilding industry continuously shows its strong developing capacity. January 10, 2009, Dayang Shipbuilding created China’s new record by launching four 53100-ton bulk carriers at the same dock. The se...
2009-01-15 07:17:22
Nobody orders boxship: Q4 2008 [Shipping]
According to marine consulting firm, AXS-Alphaliner, there were no containership newbuildings ordered in the fourth quarter (October-December) of 2008. "It is the first time in the last two decades that no containership orders were recorded in a w...
2009-01-15 07:15:49
Aker Philadelphia achieves 110% ROI with Kronos software [General]
Nucleus Research analysts have independently examined the deployment of Workforce HR and Workforce Payroll software from Kronos® Incorporated at Aker Philadelphia Shipyard to find a return on investment (ROI) of 110% with payback in 11 months time. ...
2009-01-15 07:08:26
Hanwha calls for partial sale of Daewoo [Finance]
South Korea's Hanwha Group said Wednesday that it urged Korea Development Bank (KDB) to partially sell its stake in Daewoo Shipbuilding & Marine Engineering, but its call was rejected. "We proposed that KDB sell a portion of its stake in Daewoo Sh...
2009-01-15 06:57:13
Restructuring target: Two to three? [Finance]
On January 14th in South Korea, creditor banks have tentatively finished evaluating 19 small- and medium-sized shipbuilders’ credit risk and it seems two to three shipbuilders would face restructuring (debt workout or liquidation) according to the ...
2009-01-15 06:20:56
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