Japanese shipbuilders need more steel next year [Equipment]
According to the data from the Shipbuilders’ Association of Japan (SAJ), the association’s 18 member companies are expected to purchase 6.9% larger amount of steel materials (against this year) totaling 4,910,000 tons in 2009 fiscal year, which m...
2008-10-05 23:35:50
Special committee for shipbuilding business [Finance]
Politics started to help with financial problem of the medium-sized shipyards in South Jeolla province, South Korea, which stopped some of their operation of factory due to their cash flow problem. A Democrat, Dong-Cheol Kim said, “A special com...
2008-10-03 23:54:10
Bidding war for DSME going into mist [Finance]
National Pension Service (NPS) declared they will not participate in the bidding competition for Daewoo Shipbuilding & Marine Engineering (DSME). On May 2, NPS was going to choose a consortium to attend by opening a committee meeting, however, it...
2008-10-03 22:33:24
Japanese shipbuilders want more foreigners [General]
Japanese large shipbuilding companies are increasingly hiring university graduates from foreign countries this year. Mitsubishi Heavy Industries (MHI) plans to increase foreign university graduates from usual 1-2 to 18. IHI Corporation first he...
2008-10-03 18:14:29
US financial crisis’ effect upon shipbuilding industry [Shipbuilding]
South Korean shipbuilding industry is making every effort to overcome difficulties such as reduced amount of newbuilding orders affected by US financial crisis, jitters in international financial markets and world economy slowdown. According to sh...
2008-10-03 16:50:47
Vietnam approves loans for Vinashin [Finance]
Vietnam News Agency reported that Mr Nguyen Sinh Hung deputy prime minister of Vietnam has allowed the Vietnam Shipbuilding Industry Group to access financial resources totaling more than USD 1.18 billion to realize its key projects. Of the funds,...
2008-10-03 13:33:44
Austal USA Launch 113 Metre Catamaran [Shipbuilding]
The second of two high speed vehicle-passenger catamarans for Hawaii Superferry has been launched at Austal USA -further strengthening the shipyard’s experience in advanced aluminium vessels over 100 metres in length. The achievement comes just ...
2008-10-03 13:25:53
SWS tested its first VLCC [Shipbuilding]
China’s Shanghai Waigaoqiao Shipbuilding (SWS) tested its first VLCC (very large crude carrier) while the ship was anchoring. The 316,000-dwt VLCC underwent anchor inspection successfully. It passed its power generator and boiler tests satisfact...
2008-10-03 01:49:57
HHI received a big order for power/desalination plant [General]
Hyundai Heavy Industries (HHI) received a $1.7bn order for the construction of Bahrain’s largest private-capital power/desalination plant. HHI announced October 1 that it has received an order from a consortium Al Dur Power and Water Company BSC...
2008-10-03 01:01:14
C&HI withdrew the plan to sell its steel business [Finance]
South Korea’s C& Heavy Industries, known to be having cash problems recently, failed in the plan to sell its steel business department, which was aimed to secure liquidity. C&HI announced September 30, “We had decided to sell our steel busines...
2008-10-02 23:06:14
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