General
Asbestos found on newbuildings
Asbestos has been detected on a number of recent newbuildings, despite a worldwide ban on its use on vessels constructed since 2002, according to a number of maritime industry sources. Both Turkish and Chinese shipyards allegedly continue to emplo...
2010-07-13 08:18:10
Vinashin hands over Dung Quat
Financially troubled Vietnam Shipbuilding Industry Group has been forced to hand over Dung Quat shipyard to PetroVietnam where it is building aframax tankers for the state oil and gas firm. Dung Quat Shipyard, with the capacity to build very larg...
2010-07-13 07:29:31
Hyundai settles on wage deal
Hyundai Heavy Industries' labor and management have finalized one-month-long negotiations and reached a settlement on this year's collective wage agreement, coming to a peaceful settlement for the 16th consecutive year since 1995. HHI labor union ...
2010-07-13 06:43:41
Idle fleet means oversupply?
The idle fleet is said to hit 520,000TEU, but it do not mean 520,000TEU surplus shipping capacity accordingly because different shipping routes are characterized with different capacity, depth, and port sizes. In the view of global market, no idl...
2010-07-12 09:58:27
Pipavav settles Golden Ocean dispute
Pipavav Shipyard has announced that negotiations with the said Golden Ocean Group and its two associate/group companies (GOGL) have been concluded successfully. This is in regard to the earlier announcement letter dated Dec. 18, 2009, regarding 'o...
2010-07-12 07:11:05
Indian resumes new yard project
A newcomer to the Indian sector is looking to revive its shipbuilding plans. Mumbai-based BHP Maritime is set to begin constructing its proposed yard on the west coast of India later this year as it expects an ongoing legal battle between two of ...
2010-07-12 06:57:12
Price gap widening
The difference in newbuilding price offers from Korean, Japanese and Chinese shipbuilders continues to exist. There is more than a 10% price gap for the same ship type among high price group of Korean and Japanese major yards and low price group o...
2010-07-12 05:47:55
ASRY repair sales at $60m
Arab Shipbuilding & Repair Yard's ship repair sales reached $59.4m for the first five months of the year with 82 vessels repaired. At the 120th board meeting of the company last week, the directors were updated on progress on the USD 188 million ...
2010-07-09 08:35:10
Danish yard gets land compensation
Denmark’s Fredericia Shipyard has won compensation for leaving its site early. The shiprepair operation is moving to Maersk’s Lindo yard from next year after it learned its lease would not be renewed in Fredericia. The owner of the land i...
2010-07-09 08:29:29
STX Finland appoints new boss
STX Europe has gone back to the future in its bid to revive the fortunes of its Finnish operation. Former boss Juha Heikinheimo (pictured) has returned as president of STX Finland two years after leaving the shipbuilder. Heikinheimo replaces ...
2010-07-09 08:27:31
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