Finance
Lindo suffers deficit of €52m
Lindo shipyard continued the long series of deficits last year. The result pre taxes and sales of affiliated companies was minus 52.2m euro compared to minus 81.2m euro last year. And the shipyard expects a deficit again this year. Lindo shipyard...
2009-06-16 07:13:37
Hegemann seeks guarantees for ship order
German shipbuilding group Hegemann has applied for state guarantees of €9m ($12.6m) to secure the financing of an order. A spokesman for the finance ministry of Mecklenburg-Western Pomerania said that the committee in charge had already discusse...
2009-06-15 07:11:58
Shipbuilding fund set up in Tianjin, China
A shipbuilding investment fund has been set up in China's Tianjin. According to a local newspaper, a newly created Chinese shipbuilding industry investment fund was formally approved by the National Development and Reform Commission in April. The ...
2009-06-12 07:32:46
China in need of Y 200bn shipbuilding fund
China Association of National Shipbuilding Industry says the industry needs to raise at least Yuan200bn ($29.4bn) through public funding to prop up the country’s shipbuilders. CANSI president Zhang Guangqin said Chinese shipbuilders were findin...
2009-06-12 06:46:55
Oshima buys Tsuji Sangyo business
Bankrupt Japanese shipbuilder and machinery manufacturer Tsuji Sangyo has sold off its main hatch cover and equipment business to compatriot Oshima Shipbuilding. It is understood Japan’s Oshima has paid JPY 1.4bn ($14.2m) for the business which ...
2009-06-12 06:42:12
Yards for sale: Daehan, Qingdao-Hyundai, Daewoo
South Korea’s Daeju Group subsidiary Daehan Shipbuilding, which is undergoing restructuring process since early this year, is set to be put on the market in July, if early. Creditors of Hyundai Corporation, which operates Qingdao Hyundai Shipbui...
2009-06-12 06:04:44
Geden agrees to axe cape orders
Geden Lines of Turkey has cancelled a contract for two capesize bulkers at China's Jiangsu Rongsheng Heavy Industries but remains on course to take delivery of nearly 40 newbuildings. Market sources say the yard has accepted Geden's request over ...
2009-06-11 10:47:55
Unfinanced newbuilding orderbook to increase
The huge unfinanced portion of the $500bn newbuilding orderbook could be increasing, a leading shipbroker warns. RS Platou managing partner and chief executive Peter Anker said the forward orderbook of unfinanced ships was estimated to be between...
2009-06-11 07:16:29
Access to finance to improve
Access to finance has improved significantly in the last two months, according to Ship Finance Management chief executive Lars Solbakken. Although the financing market had been “very challenging” since the end of last year, money appeared to ...
2009-06-11 07:12:32
German yachtbuilder saved by joint rescue package
German yachtbuilder Nobiskrug, which was on the verge of bankruptcy, has been saved by new investor Abu Dhabi Mar and a joint rescue package, which includes the state government, former owner ThyssenKrupp Marine Systems and banks. “The yard rem...
2009-06-11 07:07:20
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