General
China's top fishery administration ship
On March 6th 2010, China’s top fishery administration ship built by Zhanjiang Haibin Shipyard was launched in Zhanjiang, Guangdong Province. As is introduced, the endurance of the ship comes up to amazing 6,000 sea miles, namely 60 days and nig...
2010-03-08 12:36:37
Rongsheng to fight for offshore
As China’s state-owned shipbuilding group such as CSSC switched to offshore field, the country’s largest private shipbuilder, namely Jiangsu Rongsheng Heavy Industries Group, has prepared to fight for it as well. Mr Chen Qiang, Chairman of Ron...
2010-03-08 11:09:03
Cosco Zhoushan reschedules delivery
The Board of Directors of COSCO Corporation (Singapore) wishes to announce that its subsidiary, COSCO (Zhoushan) Shipyard (“COSCO Zhoushan”) (being a subsidiary of the Company’s 51% owned subsidiary COSCO Shipyard Group) has delivered a new shi...
2010-03-08 08:22:04
CSBC boss ousted politically
The president of Taiwanese shipbuilder CSBC Corp has been removed from his post by the government. Lee Chih-Cheng was credited with launching a successful initial public offering (IPO) for the Kaohsiung-based yard at the end of 2008. However,...
2010-03-05 15:17:32
Chinese resolve Solomon sense
The order drought and delivery delay are both shipbuilder’s headache. Currently more and more builders have stepped out of dilemma through various channels. The order drought is mostly caused by demand slumping and shipowner’s financing shorta...
2010-03-05 10:18:05
Bangladeshi breakers return
Shipbreaking yards in Chittagong resumed full operations on Wednesday after 10 days of protests against stricter environmental regulations of the hazardous industry. The protests ended following a "successful" discussion with the government, the ...
2010-03-05 08:13:10
IPK awarded Tin Tower Order
International Paint (Korea) Ltd said its representative director and president Kang Oh-Soo was awarded the Tin Tower Order of Industrial Service Merit as an exemplary taxpayer at the commemorative ceremony of the 44th Taxpayers’ Day held in Seoul o...
2010-03-04 10:37:02
China shipyard deaths
About 9:30am Wednesday, an accident occurred in Jiannan Shipyard in China, which led to two deaths and four injuries. Dozens of tons of steel plate at the No. 2 slipway of the Chinese yard collapsed suddenly killing two workers instantly.
2010-03-04 08:18:45
Bottom passed but profitability weak
Shipbuilding market seems to have gotten out of bottom point amid downturn but low profitability is expected to last for a while. Jeon Jae-cheon, analyst at Seoul-based Daishin Securities, said, "Recovery of ship price will be slow while there sh...
2010-03-04 07:26:18
Hyundai ‘Taxpayer Model’
Hyundai Heavy Industries of Korea said Wednesday that its president and representative director Lee Jae-sung was awarded the Gold Tower Order of Industrial Service Merit at the commemorative ceremony of the 44th Taxpayers’ Day held in Seoul. The...
2010-03-03 12:57:47
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