China reduces crude steel output [Equipment]
The order issued by the Chinese government to the country's steelmakers to reduce production will likely gain a lot of attention. Positioned as a measure to eliminate the approximately 30% excess production capacity of the entire steelmaking indu...
2009-05-21 07:59:06
LNG-FPSO deals delayed [Offshore]
Negotiations for floating production, storage and offloading (FPSO), which have been gaining much attention as LNG carrier-related businesses, are lacking heat and enthusiasm. Amid the worsening slump in the usual LNG tanker construction negotiati...
2009-05-21 07:50:28
Odense leases space for Fredericia in 25-year deal [General]
Odense shipyard, owned by AP Moller Maersk, is to let a Danish repair facility move onto its site. The Fredericia Shipyard, based in the Danish town of the same name and less that 50 km from Odense, will begin moving later this year with a view t...
2009-05-21 07:46:25
Zodiac Maritime lays up 12 boxships [Shipping]
Zodiac Maritime Services has left a dozen containerships at anchor in Singapore as charter rates continue to drift lower. The London-headquartered owner controls a fleet of 62 boxships, including five 13,092 teu newbuildings to be delivered in 20...
2009-05-21 07:42:52
Samsung enters wind turbine market [General]
Samsung Heavy Industries, the world’s second-largest shipyard, plans to enter the wind turbine market in 2010. The move is further evidence of a burgeoning trend by South Korea’s major shipyards to diversify revenue streams amid a dearth in n...
2009-05-21 07:37:47
Japan wants new OECD shipbuilding agreement [Shipbuilding]
Moves by the Japanese government to establish a new shipbuilding agreement via the Organisation for Economic Co-operation and Development will not come as a surprise to many. While the original negotiations aimed at eliminating market distorting ...
2009-05-21 07:34:53
Boxship lay-ups go on [Shipping]
Loch Striven in Scotland is the latest destination for idle boxships, with the 4,200 teu UK-flagged Maersk Bentonville reported to be on its way there as lines continue to remove surplus tonnage from service. Latest figures from Lloyd’s MIU’s...
2009-05-21 07:29:24
Japanese yards call for price cut in steel plates [Equipment]
Japan shipbuilders and steelmakers are officially negotiating their agreement price, effective in ship plate businesses after April. In light of that high priced raw materials haven't been used out, the steelmakers put forward a price cut of JPY ...
2009-05-21 07:25:22
Germany won 46 new orders last year, lowest since 2001 [Shipbuilding]
German shipyards booked their lowest number of new orders last year since 2001 as the slump hit. The German Shipbuilding and Ocean Industries Association (VSM) said 2008 had been an excellent year in terms of revenue, but the global economic crisi...
2009-05-21 07:19:21
Cruiseship orders drought [Shipbuilding]
A continuing drought in orders for new cruiseships will drive vital expertise away from the European shipbuilding industry, leaving it hard-pressed to respond to industry demand for new vessels once the economic recovery begins in earnest. Fincan...
2009-05-21 07:14:33
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