General
Chinese shiprepairing: Where shall we go?
Source showed that in 2009 the ship operation cost of global major shipping lines was decreased. It was the first time since eight years ago. The shiprepairing cost dived by 11.3% while in 2007 and 2008 it was increased by 12.8% and 13.5% respectivel...
2010-11-08 01:02:02
CMT ranks 1st in profits: Taiwan
The quarterly report of Taiwanese bulker shipping lines all came out, Chinese Maritime Transport Limited (CMT) and U-Ming took the first and second place respectively in terms of profit, because both sold old ships in 2nd and 3rd quarter. In the p...
2010-11-05 11:25:17
SCI puts off yard buy
Shipping Corp of India (SCI) has postponed its plan to buy a 15% stake in a shipyard following government pressure. Indian media reported that the shipping ministry issued a directive warning that any diversification into shipyards or ports may h...
2010-11-05 07:44:56
STX Europe cuts jobs
STX Europe is to chop 350 jobs at two Finnish shipyards. The posts will go at Rauma and Turku to “increase competitiveness”, the Korean-owned group said. The news comes days after the world's biggest cruiseship, Royal Caribbean's Allure o...
2010-11-04 08:14:37
Admiralty mulls buying Sevmash
Russia's Admiralty Shipyards is considering whether to buy “property” from rival Sevmash. The St Petersburg plant's shareholders will meet on 17 November to consider a fair price for the unspecified assets, and vote on whether to pursue the a...
2010-11-03 08:28:15
India to drop building experience rule
India may lift restrictions on local shipbuilders bidding for state contracts to build containerships and oil tankers to help them compete with Korean and Chinese yards, an official with direct knowledge of the matter said. The shipping ministry ...
2010-11-02 08:28:21
Pakistan turning shipbuilding into billion dollars industry
Pakistan's Export Promotion Bureau (EPB) has planned to develop the country's growing shipbuilding industry into billion dollars industry after the readymade garment (RMG) sector. As part of its plan, the EPB started visiting the country's shipya...
2010-11-01 08:22:26
Croatia approves new aid to shipyards
The Croatian government approved fresh financial guarantees for one of the five indebted state-owned shipyards it is trying to sell, in a move that could complicate its European Union membership bid. All but one of the six docks on Croatia's Adriatic...
2010-11-01 08:19:29
China: New round shuffling starts
Chairman Huang Pingtao of CSNAME said China’s shipbuilding industry was facing shuffling. In next two years, 80% of Chinese shipbuilders might consider quitting in case of order drought. The financial crisis which broke out in 2008 really shock ...
2010-11-01 01:01:49
ADNOC takes the first of 15 newbuilds
The Abu Dhabi National Oil Company (ADNOC) recently received the first of 15 tankers and chemical carriers that will make it a major force in the Gulf’s shipping industry. The company’s two tanker divisions operate 14 vessels shipping oil, na...
2010-10-29 07:43:08
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