Finance
'Becoming more fragile'
Most observers are placing bets on the proportion of the orderbook that will not deliver based on the status of the shipyard, rather than the shipowner, according to Mark Williams, consultancy divisional director at HSBC Shipping Services. Mr Wil...
2008-12-30 09:27:40
African wants Croatian shipbuilders
We met with Danko Koncar, the owner of a chrome mine, because he wants to buy our shipbuilders, confirmed Ivo Marjanovic. After the cabinet decision that the Croatian shipbuilding companies be privatized, last week the representatives of the manag...
2008-12-30 07:31:22
State steadies course of German industry
When the Berlin Wall fell, work in East Germany’s shipyards along the Baltic sea coast came to an abrupt stop. Almost 60,000 welders and engineers were sent home as the hulls of unfinished ships that former Soviet buyers could no longer pay for beg...
2008-12-29 08:26:55
The Exim of China supports CSSC
The Export-Import Bank of China and China State Shipbuilding Corporation have signed strategic alliance agreement on December 25, saying The Export-Import Bank of China will support funds and R/G for the CSSC’s vessel export project and export comp...
2008-12-29 06:57:34
Bangladeshi provide soft loan
Adviser to the Ministry of Commerce Dr. Hossain Zillur Rahman recently said the commercial banks should give the shipbuilding sector easy access to loan to ensure smooth growth of the industry. Already playing a major contribution in country's exp...
2008-12-29 06:53:02
Deadline for DSME sale extended
Sale of DSME will be extended until next 30th January. Korea's state-run Korea Development Bank said Sunday it will delay finalising a deal to sell the world's third largest shipyard, Daewoo Shipbuilding and Marine Engineering. The signing of t...
2008-12-28 20:32:56
C& Heavy appeals for 'Hot Liquidity'
C& Heavy Industries petitioned its creditors to provide KRW 15bn (USD 11.6m) of emergency operating funds as soon as possible. The ailing shipbuilder said in a petition letter, “Financing support is urgently needed to normalize the operation of ...
2008-12-26 13:40:33
Korea to back up shipbuilding
South Korean government will draw up a general plan to support the country’s main industries such as automobile industry and shipbuilding industry in the first quarter of next year. Financial Services Commission (FSC) and Ministry of Knowledge Econ...
2008-12-26 11:45:25
India to set up soft ship financing
The government of India intends to establish a low-interest ship financing system for domestic shipowners, according to overseas newspaper reports. The global credit crunch has made it difficult for local owners to procure funds from European financi...
2008-12-26 10:39:42
Six will be shown 'Red Card': Insolvent level
South Korean minor shipyards are afraid of the reshuffling policy that financial authorities decided to regularize. It is because financial authorities have decided to classify the shipbuilding companies into four classes of A for companies showin...
2008-12-26 10:36:23
Start  Prev  531  532  533  534  535  536  537  538  539  540  Next  End