General
Daewoo-Mangalia Marching On
Daewoo-Mangalia Heavy Industries in Romania is targeting turnover of $600m this year. The yard, controlled by Daewoo Shipbuilding & Marine Engineering of Korea, would beat 2009’s figure by 13% if it succeeded. It has not sealed a new contra...
2010-04-29 07:52:52
Polluting Breakers Sued
Bangladesh’s government has sued four of the country’s shipbreaking yards for causing “excessive pollution” and operating without proper licences, an environment department official said. The move follows an aboutface earlier this month w...
2010-04-29 07:45:58
Chinese leaders visit STX
STX Group announced on Apr. 28th that Kang Duk-soo, chairman of STX Group, discussed mutual cooperation measures about investment in Laioning and STX Dalian Shipbuilding Complex operation, with the Chinese visiting group including Wang Min, Secretary...
2010-04-28 11:33:33
Hegemann offloads Rolandwerft
Struggling German shipbuilding group Hegemann has sold its yard Rolandwerft to yacht builder Lürssen in a move that should secure its future. The sale will become effective on June 1st. The partners did not disclose the purchase price for th...
2010-04-28 08:28:51
Bharati tackles PSV cancellation
India's Bharati Shipyard has taken a German customer to court for cancelling a shipbuilding contract signed in 2007. “Opielok Bereederungs GmbH and Co. KG, Hamburg, Germany has cancelled the order for one platform supply vessel (PSV) due to the ...
2010-04-28 08:24:39
CEOs meet with foreign leaders
CEOs of shipbuilding companies of Korea including Kang Duk-soo, chairman of STX Group and Roh In-sik, president of Samsung Heavy Industries (SHI), are to have confabulation with Wang Min, secretary of the Laioning Provincial Committee of China, and J...
2010-04-28 07:13:32
Builders prepared to weaker USD
Korea's shipbuilding, steel, and machinery industries are taking relatively negligent position to appreciation of Korean currency to US dollars. Shipbuilding companies have been minimizing foreign exchange losses by currency exchange hedge, and s...
2010-04-27 11:35:56
Ven-Trafiken cancels ferry order
Sweden's Ven-Trafiken has cancelled a ferry newbuilding contract at Astilleros M Cies in Vigo, Spain. Local media said the owner now has to look elsewhere for a new vessel to serve between Landskrona and the island of Ven by 2012. M Cies sought b...
2010-04-27 08:31:43
Sembcorp objects to PPL sale to Yangzijiang
Should China's Yangzijiang Shipbuilding succeed in buying a 15 percent stake in Singapore's PPL Shipyard, its relationship with Sembcorp Marine (which owns the other 85 percent of the offshore drilling rig yard) could be less than cosy. According to ...
2010-04-27 08:20:12
STX donates for sunk Cheonan
STX Group of Korea announced that it donated KRW 570m (USD 0.5m) for the deceased naval personnels and the family of the soldiers killed in the sunk Navy patrol combat corvette Cheonan. STX Group raised the contributions through a fund-raising ca...
2010-04-26 11:28:56
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