General
Davie to axe more workers
Canada’s Davie Shipyards will lay off another 100 workers temporarily as it seeks to preserve working capital. The Quebec yard is restructuring after seeking creditor protection under the Companies' Creditors Arrangement Act (CCAA) in February....
2010-04-19 07:41:18
Korean push up competitive edge
Korean shipbuilding companies are reinforcing competitiveness through self-revamping amid intense competition with China for taking initiative in global newbuilding market. Korean shipbuilders sat on top place defeating China taking 51.5% of tota...
2010-04-19 06:58:32
High Oil Prices: Key to Recovery
Expectancy of earlier hopeful days for shipbuilding industry is building up. Newbuilding price has not been recovered yet, but orders intakes in the first quarter of this year hiked compared to last year's and the increasing tendency is continuing...
2010-04-19 06:55:37
New Century to be listed in Singapore
China’s New Century Shipping intends to be listed in Singapore, for collection of CNY1.5bn ($220m). It is thought to be first IPO plan of the largest Chinese enterprise in Singapore. An insider revealed that New Century Shipping whose base is...
2010-04-16 09:58:13
Doubts on Evergreen’s ambition
On April 12th 2010, Taiwanese Evergreen group announced its fleet expansion plan of 100-unit newbuilding boxships, which have caught all people’s eyes and triggered discussion immediately. Global trade suffered severe blow during financial crisi...
2010-04-16 09:56:36
Bulker S&P at post-crash high
Dry-cargo ship sales reached a post credit crunch high in March amid further hope of a recovery in the global economy, a Greek shipbroker says. Over $4bn was spent on sale-and-purchase deals during March, with $3.59bn invested in dry-cargo vessel...
2010-04-16 08:31:43
Greece subsidized Hellenic Shipyards ?
Greece is being chased by the European Commission for over $300m over allegedly illegal subsidies to Hellenic Shipyards (HSY). The legal threat from the EC somewhat ironically comes at a time when the Greek economy is seeking financial aid from B...
2010-04-15 08:29:52
Keppel buys Brazil shipyard
Singapore’s Keppel Offshore & Marine (Keppel O&M) is buying the Estaleiro TWB shipyard in Brazil. Its Brazilian subsidiary, Navegantes Maritime Construction and Services, will spend $50m on the facility, including upgrades and modernisation. ...
2010-04-15 08:27:35
ThyssenKrupp, ADM seal shipyard deal
ThyssenKrupp AG said Wednesday it has signed a deal with Abu Dhabi MAR Group that will mark the German industrial conglomerate's exit from civil shipbuilding and shift focus to the construction of military vessels. Following the signing of a memo...
2010-04-15 08:14:52
Rising Prices Spur Orders
As newbuilding price gets on an upward track, shipping companies are expected to place newbuilding orders competitively until next year. Eom Gyeong-ah, analyst at Seoul-based Shinyoung Securities said, "In the up-phase of newbuilding price, shipp...
2010-04-15 07:07:39
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