General
Vinashin refocuses on shipbuilding
Vietnam’s prime minister has ordered the restructuring of a troubled state-owned shipbuilding conglomerate that teetered on the edge of bankruptcy earlier this year. Prime Minister Nguyen Tan Dung officially approved the restructuring plan for V...
2010-11-22 07:22:31
Croatia gets bids for Kraljevica
Croatia has received three bids to buy a nearly 300-year-old shipyard, the last of five state-owned docks it is trying to sell to meet a major condition for completing its European Union entry talks next year. Restructuring the heavily subsidised...
2010-11-22 07:13:06
Jinhai orderbook hits new high
In 2010, Jinhai Heavy Industry keeps sustainable growth, for both operation and production. The orderbook reached 96 ships of 13.51m dwt including 25 new orders of 2.34m dwt. Obviously Jinhai performed excellently this year. Jinhai paid a lot to s...
2010-11-22 01:15:24
Shipbuilding stocks take upturn
In the Korean stock market on November 17th, shipbuilding and transport equipment industry made the highest growth in the stock prices, advancing by 1.20%, despite weak Kospi. In the shipbuilding industry sector, STX Offshore & Shipbuilding jumped...
2010-11-19 08:58:53
Hyundai seems beyond shipbuilding
Hanwha Securities remarked on November 16 that, for Hyundai Heavy Industries, shipbuilding is just one part of business portfolio, and reassessment of the value of its non-shipbuilding businesses will continue. Jung Dong-ik, a researcher of Hanwh...
2010-11-18 08:36:48
'To be the best shipyard of China'
There is a Chinese shipyard near Yangtze River whose name is Yangzijiang Shipbuilding. With over 50 years’ experience, Yangzijiang became the super star in Chinese shipbuilding industry, as well as in capital market. As the yard was listed in Taiw...
2010-11-17 10:20:17
Ezra acquires US fabrication yard
Ezra Holdings continues on the expansion trail with the acquisition of a fabrication yard in the US. Singapore-listed Ezra is purchasing a 650,000 sq feet fabrication facility in Houston for an undisclosed sum. The company said it would complimen...
2010-11-17 08:14:41
Daewoo plans Daehan 'Management Outsourcing'
Korea's Daewoo Shipbuilding & Marine Engineering (DSME) made a proposal to Korea Development Bank (KDB), the major stakeholder of Daehan Shipbuilding, that DSME will manage Daehan for a certain period of time and take over it when its management sit...
2010-11-16 08:53:17
Hyundai to focus on non-shipbuilding
Dr. Min Keh-Sik, chairman of Hyundai Heavy Industries (HHI), revealed HHI’s business plan for next year before attending a G20 Business Summit reception held in Walkerhill Hotel in Seoul on November 10th. “The market situation of shipbuilding ...
2010-11-15 08:41:54
Overall inspection finishes at Vinashin
“The inspection is scheduled to be finalized on November 15 but inspectors completed the task on November 9. Government inspectors have made Vinashin’s violations clearer than the inspection of the Central Inspection Committee. For example, the c...
2010-11-15 07:00:09
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