Fairhaven invests $12 million in expansion [General]
US Fairhaven Shipyard has invested more than $12 million in a semi-submersible barge that could enable the firm to more than double its work force in the next two years. The semi-submersible barge, dubbed the Faithful Servant, is now moored at the...
2009-01-14 07:48:32
Stocznia Gdynia to launch redundancy program [General]
Poland’s Stocznia Gdynia shipyard has launched its redundancy program ahead of an asset sale to repay illegal state aid. Employees have until 26 January to sign up in the first phase, giving them more cash than if they were to resign later. Soli...
2009-01-14 07:39:46
Sovcomflot & Nevsky to build bunker ships [Shipbuilding]
Giant Russian tanker owner Sovcomflot is planning to order a series of bunker vessels at the domestic Nevsky Shipyard. The company and Nevsky parent North-Western Shipping have signed a cooperation agreement which should see an unspecified number ...
2009-01-14 07:32:57
Eidesvik takes delivery of X-bow construction vessel [Shipbuilding]
Norway's Eidesvik Offshore ASA , through its associate Eidesvik OCV KS, on January 13th took delivery of the X-bowed construction vessel M/V Viking Poseidon from Ulstein Verft. Viking Poseidon left Ulsteinvik to be fitted out with a 250-tonne offs...
2009-01-14 07:25:22
STX France to introduce short-time working [General]
STX France is to introduce short-time working for 750 employees in March and April, following a fall in workload at its flagship Saint Nazaire shipyard. After last month’s official cancellation of one of the two 2,100 cabin, Freestyle 3 vessels...
2009-01-14 07:21:01
ThyssenKrupp takes 100% ownership of its shipyards [Finance]
ThyssenKrupp Technologies AG, a unit of German steelmaker and engineering company ThyssenKrupp AG, said Tuesday that it has acquired the 25% stake in ThyssenKrupp Marine Systems AG held by One Equity Partners, or OEP, becoming the sole owner of the E...
2009-01-14 07:14:47
Cherry-picking charterers seek shorter deals [Shipping]
Maersk Broker said “cherry-picking” charterers would focus on period deals of around 12-24 months for the rest of 2009, as they replaced expensive ships with modern and cheaper supramax and panamax bulk carriers at daily rates of around $10,000 t...
2009-01-14 07:08:44
STX Europe expects growing market for retrofits [General]
Vesa Marttinen, VP of Lifecycle Services at STX Europe, expects the market for retrofits and refurbishments to grow significantly over the next few years as a consequence of new rules and the need to modernize current vessels. “There is a tremendou...
2009-01-14 07:04:51
Signal International wins drillship upgrade [Offshore]
Signal International is to construct key components to be used in a drillship reliability upgrade program for Noble Corporation. The upgrade and modernization is designed to enhance the reliability and operational performance of three Noble drills...
2009-01-14 06:59:36
Green field shipyards in a fix [Shipbuilding]
Newly-established small- and medium-sized shipbuilders in South Korea are being put into a dilemma. While the evaluation of troubled shipbuilders’ credit risk is under way led by financial industry, s- & m-sized shipbuilders find it difficult to g...
2009-01-14 06:04:25
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