EC Competition Policy on Restructuring of Polish shipyards [Finance]
The European Commission is well aware of the historic importance and the symbolic value of the Polish shipyards. This is why we have been working very hard to find a solution that would allow the restructuring of the sector in a way that provides a l...
2008-10-23 16:21:41
‘China Shock’ to chain shipbuilding [Shipbuilding]
Chinese economy’s abrupt slowdown is giving a chain shock to South Korean shipping companies and shipyards via steel industry. ‘China Shock’ is materializing as prices for steel products are decreasing, shipping charges are declining, and sh...
2008-10-23 12:35:32
No improvement on steelmakers’ delivery delay [Equipment]
It seems that Japanese shipyards showing no sign of improvement on the late delivery of shipbuilding steel materials. According to the result of a questionnaire on the steel material shipment tendency conducted on the 18 members of Shipbuilders’ As...
2008-10-23 11:36:13
20% delay- 5% canceliation, SAJ estimates [Shipbuilding]
The Shipbuilders’ Association of Japan (SAJ) recently revealed its anticipation about newbuilding contract cancellation problem, in a press conference held on October 21. It expected that 5% of the whole shipbuilding order backlog in the world ...
2008-10-23 10:30:28
European Parliament to debate Polish shipyards [Finance]
The fate of Polish shipyards is to be debated 22th(:wednesday) during a session of the European Parliament in Strasbourg. Neelie Kroes, the European Commissioner for Competition, is also to take part in the debate. The discussion on the fate of th...
2008-10-23 09:33:44
CMD produced 1m h.p. [Equipment]
Engine production of CSSC-MES Diesel Co. (CMD), the joint-venture company of Japanese Mitsui Engineering & Shipbuilding, China State Shipbuilding Corporation and China State Shipbuilding Co. (formerly known as Hudong Heavy Machinery Co.), appears to ...
2008-10-23 09:32:35
Mitsubishi Heavy 1H profit rises [Shipbuilding]
Mitsubishi Heavy Industries Ltd., Japan's largest heavy-machinery maker, said first-half profit rose about 4 percent, aided by power equipment and shipbuilding orders. Net income was 29 billion yen ($291 million) in the six months ended Sept. 30,...
2008-10-23 09:29:36
Posco eligible for fresh re-bidding for DSME sale [Finance]
Another new situation is developing concerning the Daewoo Shipbuilding & Marine Engineering (DSME) sale promoted by Korea Development Bank (KDB). KDB internally examined whether POSCO would be able to bid again in case the current DSME sale is not...
2008-10-23 07:05:38
Changxing successfully delivered 1st VLCC [Shipbuilding]
On Oct 10, the construction of the “Yangtze Pearl (Chinese name: Changjiangzhixiu)”, 297,000dwt VLCC built by Shanghai Jiangnan Changxing shipbuilding Co. for China Chanjiang National Shipping (Group) Corp, was completed and delivered at CSSC’s...
2008-10-22 18:40:39
Korea to change accounting rules for shipbuilders [Shipbuilding]
Korea's financial watchdog said Wednesday it plans to revise accounting rules for local shipbuilders as the sliding local currency is feared to erode their balance sheets. Most Korean shipbuilders, led by Hyundai Heavy Industries Co. sold dollar f...
2008-10-22 16:35:13
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