General
Cochin wins productivity award
Cochin Shipyard Limited (CSL) has been awarded, for the second consecutive year, the FACT MKK Nayar Memorial Productivity Award for achieving the highest productivity in the category of large industry. The CSL had won the award last year for its ...
2009-06-18 11:12:35
IHI Corp buys Matsuo Bridge
Japanese shipbuilder IHI Corp has splashed out on a domestic bridge construction company. The group has bought a 77.6% stake in Matsuo Bridge Co through a tender offer. The deal will cost IHI JPY 3.16bn ($33m), it said. Matsuo was founded in 19...
2009-06-18 07:51:09
Bender fights back legal action
Bender Shipbuilding & Repair asked a US federal judge Wednesday to throw out GulfMark Offshore's attempt to force the yard into bankruptcy. In a one-page response to GulfMark's legal action, Bender argues that the bankruptcy effort does not have t...
2009-06-18 07:45:36
BW Gas applies to delist
BW Gas has now formally applied for the company’s shares to be de-listed from the Oslo Stock Exchange following the Sohmen family’s mopping up of minority shareholders. In April, the Sohmen family disclosed it was triggering the compulsory ac...
2009-06-18 07:17:22
Meyer Werft delays transporting Celebrity Equinox
German cruiseship builder Meyer Werft will postpone transporting a Celebrity Cruises vessels 40 km down the Ems in order to placate environmental groups. The vessel was originally due to be delivered in July 2011. “We will check if we can chang...
2009-06-18 07:10:01
CGT union refines plans to save UNM
France’s CGT union confederation has said that it will refine its plan to bring in naval shipbuilder DCNS to save failed Marseilles shiprepairer Union Naval Marseille after having a first draft rebuffed by the government. Following a meeting wi...
2009-06-18 07:02:42
Eitzen Chemical sells four chemical tankers
Norway’s Eitzen Chemical has eased its financing issues by selling four chemical tankers for a combined price of $27m. Oslo-listed Eitzen Chemical, in which the Camillo Eitzen Group has a 52% stake, said it sold the 1985-built Siteam Anatas and...
2009-06-18 06:55:22
China chases Korea: Newbuilding orderbook
Chinese shipbuilding industry is in hot pursuit of South Korean in terms of newbuilding order backlog. According to Clarkson statistics, the gap of newbuilding orderbook (CGT basis) between China and South Korea fell below 2% points as of the end ...
2009-06-18 06:23:07
Jia Qinglin visits STX Dalian
Jia Qinglin, the fourth ranking member of the Politburo Standing Committee of the Communist Party of China, and the Chairman of the People’s Political Consultative Conference visited STX Dalian Shipbuilding Complex and made a survey of the shipyard...
2009-06-17 13:57:44
Stimulus encourages shipyard mergers
China's government announced a two year plan to support and stimulate the nation's shipbuilders by encouraging mergers and acquisitions in the industry and making funding available for cash-strapped producers. Measures will be taken to speed the...
2009-06-17 10:36:22
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