CSSC showing net profit increase [Finance]
China State Shipbuilding Co.,Ltd (CSSC) under state-run shipbuilding group CSSC, listed on the China’s Shanghai stock exchange market, announced its business showings for the third quarter of the year which shows a 48.64% increase in net profit aga...
2008-11-01 05:30:56
2009, restructuring year for shipbuilders [Shipbuilding]
Amid gloomy prospects for the shipbuilding market next year, an analyst predicted Friday in ‘Industrial Prospects Seminar 2009,’ one of the events of ‘KRX IR EXPO 08’ held in COEX Pacific Hall, Seoul, South Korea, “2009 would be a restr...
2008-10-31 23:23:53
Major shipbuilders hit by slump as well [Shipbuilding]
Large shipbuilders are also shown to have been affected by economic slump. World’s number one shipbuilding company Hyundai Heavy Industries incurred a loss from financial derivative products due to shipowners’ delay in payment for shipbuilding...
2008-10-31 16:44:31
Japanese operators expect dry-bulk recovery [Shipping]
Japan's big 3 operators, Nippon Yusen Kaisha (NYK), Mitsui OSK Lines (MOL) and Kawasaki Kisen Kaisha (K Line), announced their first-half year business results on October 27 and revealed their own premises for the dry-bulk market for the second half ...
2008-10-31 15:18:13
Shipbuilders on the verge of restructuring [Shipbuilding]
Shipping industry directly hit by the credit crunch caused by US financial crisis is trending downward rapidly, and the shipping industry slump, in turn, is starting to affect shipbuilding industry and a cold wave of restructuring seems to be going t...
2008-10-31 14:41:06
ClassNK discloses guidelines for high-tension steel [Equipment]
The Nippon Kaiji Kyokai (ClassNK) has made public the "Guidelines on the Application of YP47 Steel for Hull Structures of Large Container Carriers" on its website on October 30. The high-tension steel plate (yield point 47-kilogram), developed unique...
2008-10-31 11:38:44
DI develops eco-friendly welding clothing [Equipment]
Daewoo International (DI) of South Korea revealed on October 29 that it has developed new welding clothing at its textile mill in Busan city. The welding clothing is made of environmentally-friendly material, replacing leather for the first time i...
2008-10-31 11:07:06
Scrap market starts to move [General]
Old capesize bulker breakings are likely to take place increasingly with dry bulker market collapsing. According to a market report, a pair of 140,000-dwt class bulkers were sold to ship breakers in China and Bangladesh. Capesize demolition dea...
2008-10-31 07:19:41
Germany’s BMS developed energy-saving fin [Equipment]
Germany’s Becker Marine Systems (BMS) has developed energy optimizer, ‘Mewis Duct’ which saves fuel and is environmentally-friendly. The duck-looking special fins in front of propeller concentrate and pre-swirl the water stream towards the pro...
2008-10-30 20:40:30
EC sends polish shipyards rescue plan [Shipbuilding]
Brussels wants the government to confirm that it accepts the idea to close shipyards and then conduct privatization. The European Commission has sent a motion to the ministry of the treasury demanding a reply whether Poland accepts the privatizati...
2008-10-30 15:14:18
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