General
Montenegro to buy new ro-paxes in Japan
Montenegro Shipping Lines (MSL) of the Philippines is targeting eight new ship acquisitions this year. The ferry owner wants to serve more routes and has earmarked PHP 1bn ($22.84m) for buys. The ro-paxes will be sourced from Japan and will have ...
2010-10-05 07:55:21
Rongsheng: Another life
China’s Jiangsu Rongsheng Heavy Industries is a large private shipbuildder established just five years ago. However, Rongsheng has made unbelievable achievements. The orderbook ranks China No.1 and World No.5. How can it be? Recently Chen Qiang, wh...
2010-10-04 04:02:57
UniCredit supports Gdansk yard
Corporate and investment banking group UniCredit has extended its involvement with Poland’s Gdansk Shipyard. A 24-month marketing-focussed deal builds on a strategic advisor alliance that began with the bank in 2009 as the shipyard sought to re...
2010-10-01 08:46:27
Vinashin sells ships worth $160m
Near-bankrupt Vietnam Shipbuilding Industry Group (Vinashin) will sell off another 35 ships before the year is out. So says Vietnam’s government office chairman Nguyen Xuan Phuc. The company hopes to raise about $160m from the disposals, he add...
2010-10-01 08:24:49
Fincantieri cuts more jobs
More jobs are to go at the Italian shipbuilder Fincantieri this and coming years due to a shortfall of work. The shipbuilder said its backlog of EUR 6.7 billion ($9.1 billion) was not enough to “saturate the production capacity of the Group’s...
2010-09-30 08:22:24
Vicious competition bothers China ship repairing
In China’s national ship repairing committee 2010, the price level of ship repairing became the focus. Vicious competition has become China’s ongoing headache. It is known that the price of China’s ship repairing is extremely low. As early a...
2010-09-30 01:57:14
Taiwan Keeps optimism on Mainland China
Taiwan’s BCC reported that currently global shipbuilding industry mired in recession. However, Taiwanese shipbuilding industry was optimistic on the market of Mainland China. ECFA (Economic Cooperation Framework Agreement) between Mainland China...
2010-09-30 01:55:27
Former Hindustan bosses charged
India has filed corruption charges against former Hindustan Shipyard Limited (HSL) officials. The Central Bureau of Investigation (CBI) alleges the three men showed undue favour in allotting the tenders for supplying steel plates. Ex-yard bos...
2010-09-29 08:31:56
ASL buys yard land and ships
Singapore's ASL Marine is buying 21 ships and new shipyard land from Koon Holdings. Its ASL Shipyard will acquire the site next to its current plant. It comprises a four-story office building and single-storey workshop. ASL said: “In view o...
2010-09-29 08:29:29
Lloyd Werft's ferry shortening project
Germany's Lloyd Werft shipyard is to increase passenger capacity on two Stena ro-ros by making them shorter. Stena RoRo's 3,100-lane-metre Stena Trader (built 2006) and Stena Traveller (built 2007) will have 12 metres chopped from them in the mid...
2010-09-29 08:25:04
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