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Canadians consider shipbuilding as economic stimulus
[Shipbuilding]
Canada is considering an economic stimulus through a massive program to build navy supply ships, patrol boats and icebreakers. Unlike the $3.3 billion bailout already in place for Canada’s car builders, the money for shipbuilding would come fro...
2009-01-13 07:27:20
ABB wins marine orders worth $30 million
[Equipment]
ABB, the leading power and automation technology group, has won orders worth $30 million for electric propulsion, power generation and power distribution systems that maximize the fuel efficiency of offshore supply vessels to be built in China. ABB w...
2009-01-13 07:24:00
Demolition market: Five a day scrapped
[General]
Market turmoil has raised ship scrapping to its highest level in two decades, a leading broker says. Nearly half a dozen ships are currently heading for the torch every day with demolition prices defying gravity despite the increased activity, Glo...
2009-01-13 07:19:15
Longxue starts production
[Shipbuilding]
Ship repair project of Zhongchuan longxue shipbuilding base, quay No. 2-4, passed middle inspection from related sectors including harbor bureau of Guangzhou city in December 26, 2008, which means it has reached basic trial production condition. L...
2009-01-13 07:15:43
Zhangzhou shipbuilding association was established
[Shipbuilding]
Fujian Zhangzhou shipbuilding association was established on December 29, 2008. It has 58 member companies in mainly shipbuilding and other related industry in coastal cities, such as Dongshan, Zhangpu, Shaoan, Yunxiao, and Long’an, etc. In rece...
2009-01-13 07:14:05
CSIC’s economic aggregate increased 30%
[General]
Although financial crisis caused steep downward trend in worldwide shipbuilding market, the recent statistics released by China Shipbuilding Industry Corporation (CSIC), the leading shipbuilder in Chinese shipbuilding industry, on Jan 10, 2008 reveal...
2009-01-13 07:12:20
STX Europe in Petrobras tender for PSV
[Offshore]
A North American arm of STX Europe is taking aim at a Petrobras tender for offshore supply vessels. Naval architecture and engineering firm STX Canada Marine / STX US Marine (STXM) says it has responded to Petrobras tenders with two platform suppl...
2009-01-13 07:12:16
Alfa Laval to cut jobs
[General]
Environmental engineering specialist Alfa Laval is to axe 1,000 jobs with order cancellations in its marine and diesel division a key factor. The Swedish group which manufactures oil water separators, ballast treatment systems, tank cleaning equipmen...
2009-01-13 07:05:19
Idle LNG carriers raise hopes on gas projects
[Offshore]
As many as 30 liquefied natural gas carriers from a tradeable fleet of about 287 are sitting idle, with a further 48 due for delivery this year. There are hopes that new capacity from delayed major LNG projects in Qatar, Russia and Yemen will fina...
2009-01-13 06:48:32
Car carriers face increasing lay-ups
[Shipping]
Shipowners face the prospect of placing vehicle carrier newbuildings directly into lay-up as new car sales slump, with those that ordered tonnage on a speculative basis during the recent boom staring at a miserable future unless they can wriggle out ...
2009-01-13 06:43:59
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