Majors more into ‘non-shipbuilding’ [Offshore]
South Korea’s major shipbuilders plan to focus more on offshore plants such as drillships and FPSOs rather than merchant ships this year as ordering activity for commercial ships has almost stopped. Hyundai Heavy Industries (HHI), the world’s ...
2009-01-15 06:04:27
COSCO INV’s 2 vessel orders were cancelled [Shipbuilding]
COSCO Investment (Singapore) Limited (COSCO INV) has again suffered from cancellation of two vessel order, which totals the number of order cancelled and postponed its delivery within this month to four and twelve respectively. Jan 9, 2008, COSCO INV...
2009-01-14 15:48:09
Hyundai Mipo boost [Finance]
Hyundai Mipo Dockyard, one of South Korea’s major shipbuilders, would maintain its growth momentum in profits by 2010, at least, said WOORI Investment & Securities today. It reckoned Hyundai Mipo’s ratios of operating gain to revenue in 2008 a...
2009-01-14 15:26:06
Hindustan Shipyard in limbo [Shipbuilding]
Hindustan Shipyard Limited is paying dearly for the delay in its takeover by the Ministry of Defence, reports the Hindu. With speculation over a deliberate attempt to evade clearance from the Union Cabinet and the talk that it has again been refer...
2009-01-14 10:28:11
Pakistan develops shipbuilding industry [Shipbuilding]
Prime Minister Yousuf Raza Gilani has said that the government has adopted a 'vision' for new shipyards and development of shipbuilding industry on a grand scale. He said that the government would move in this direction at a very fast pace, and ad...
2009-01-14 10:25:41
India review new shipyard projects [Finance]
India which had planned a major expansion of their shipyard capacities has begun to either review some of their new projects or put off others. They have been forced to do so by the difficulties in fund procurement and the depressed shipbuilding mark...
2009-01-14 09:56:12
CSG to set up shipping firm with Shougang [Shipping]
China Shipping and major Chinese steelmaker Shougang Concord Steel have agreed to establish a joint shipping company. The projected joint venture will engage in the transportation of steel products from China to Southeast Asian markets. The joint...
2009-01-14 09:54:56
CSSC completed over 8 mil dwt: newbuilding 2008 [Shipbuilding]
Shipyards run by China State Shipbuilding Corp. (CSSC) completed newbuildings totaling more than 8 million dwt in 2008, up 22.1% from 6.55 million dwt in 2007, According to local media, Much of the increase came from the start-up of the Shanghai Chan...
2009-01-14 09:53:33
SMM Istanbul backed by Turkish government [General]
SMM Istanbul has the full support of the Turkish Government. This is the first SMM Istanbul, and is to be held at the centrally located Lütfi Kirdar Convention & Exhibition Centre (ICEC) on the European side of Istanbul, from 21 to 23 January 20...
2009-01-14 07:57:20
Shipbuilding contributes $7bln to Russia's annual arms ... [General]
Shipbuilding contributes up to $7 billion to the annual portfolio of orders of Russia's state-run arms exporter Rosoboronexport, an executive at the government hi-tech corporation Rostekhnologii said Tuesday. "This sum relates to the Rosoboronexpo...
2009-01-14 07:52:41
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