General
Korea Retakes No. 1
Korean shipbuilders may regain its No. 1 position from China this year in terms of new orders, as they made a good start to the year. According to Clarkson Research Services’ recent statistics, in the first two months of this year, Korean yards ...
2010-03-24 07:11:34
Yard Support Program Deferred
Korean government keeps putting off general support measures for small and medium-sized shipbuilding companies. Along with small and medium-sized shipbuilders' further difficulties, government groans harder. According to a source, government ...
2010-03-23 15:00:01
Russia-Denmark co-op on yards
Russia’s Vladimir Putin has held out the hope of help in reviving Denmark’s shipbuilding industry. The prime minister met his Danish counterpart Lars Loekke Rasmussen on Monday and said the two countries could cooperate on shipyards. Russia h...
2010-03-23 08:41:30
Italy Supports Yacht Building
Italy’s hard-hit yachting industry received a boost on Friday with confirmation from economic development minister Claudio Scajola that it will receive €20m ($27m) in a package of incentives due to be signed into law shortly by the council of min...
2010-03-23 08:25:32
Save German Yards, politicians
Politicians from Germany’s coastal states called on the government to help save the country's shipbuilding industry. Ahead of a meeting for shipbuilders, Schleswig-Holstein state premier Peter Harry Carstensen told financial daily Handelsblatt that...
2010-03-23 08:18:18
Jinse Working On M&A
A Busan-based middle-standing shipbuilder of Korea, Jinse Shipbuilding under rehabilitation procedures after court order is to find a new owner through M&A. Baker Tilly Sungto LLC, deal manager of Jinse's M&A announced on Mar. 22nd that Jinse unde...
2010-03-23 07:19:33
Cancellations Hit All-Time High
The total shipbuilding market saw a rise in cancellations during January with a total of 60 orders cancelled, higher than the monthly average in 2009, according to the latest Fairplay Shipbuilding Market Forecast from IHS Fairplay. January was the...
2010-03-22 08:09:00
WIS Wins Big Repair Deal
Western India Shipyard (WIS) has won a big shiprepair order for a well stimulation vessel. The country’s largest repair yard said the “major” work on the UAE-controlled 6,120–hp Vestfonn (built 1983) will take 27 days. The contrac...
2010-03-19 08:23:40
Namura Reopens Repair Yard
Namura Shipbuilding has decided to reopen its long shuttered ship repair facility in the far north of Japan. The firm will invest $55.3m in new equipment for its Hakodate yard in Hokkaido with a view to reopening the facility in October. The ...
2010-03-19 08:10:00
Japan’s pilot scrapping project
All eyes are on a new initiative in Japan that will use modern methods for ship recycling. Ship recyclers in the Indian subcontinent will be following closely the scrapping of the K Line pure car carrier (PCC) New York Highway in Japan, a pilot p...
2010-03-18 08:29:28
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