General
Yangfan in legal dispute
German KG financier Fondshaus Hamburg and shipowner NSC have become caught up in a legal dispute with Chinese yard Yangfan over the delivery of a containership newbuilding, according to foreign media report. Fondshaus Hamburg and NSC refused to take ...
2009-10-07 07:24:02
Hyundai ranks world’s fifth
US magazine BusinessWeek recently announced the World’s Best Companies/Global Top 40 List 2009, compiled by management consulting firm A. T. Kearney. In the list, South Korea’s Hyundai Heavy Industries, the world’s largest shipbuilder, ranke...
2009-10-06 06:38:40
TB Marine moves Zhejiang vessels
A pair of 19,000-dwt chemical tankers on slipways at China's Zhejiang Hongguan yard for German-Italian interests are to be transferred to another yard for commissioning. Agreement has been reached between the owner/manager - a joint venture betwee...
2009-10-05 07:29:10
Demolition prices slacken
Demolition prices have weakened slightly and the guessing game is on as to the market's next move, say brokers. The 53,000-dwt containership Faith I (built 1988), available for delivery in October in the Singapore/South China range, is said to hav...
2009-10-05 07:21:42
Maersk Line cuts further
Maersk Line is seeking voluntary redundancy for 113 of its 560 UK containership officers. The Danish owner said Friday it was looking to cut the jobs “with regret” and added it was “due to the continuing global economic situation” Earli...
2009-10-05 07:17:32
Cosco amends newbuilding contract
The Board of Directors of COSCO Corporation (Singapore) Limited wishes to announce that COSCO (Nantong) Shipyard, a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group, has, following a request from an American buyer, ATP Oil & G...
2009-10-05 06:58:14
KHI incorporates Kawasaki Shipbuilding
Kawasaki Heavy Industries (KHI) announced on Sept. 30 that it will absorb Kawasaki Shipbuilding Corp. (KSC) effective Oct. 1, 2010, exactly eight years after the latter was spun off in October 2002. The company aims to prepare for the impending b...
2009-10-02 07:34:21
Transpetro holds tanker orders at local
Transpetro is awaiting a decision from its parent on how a two-year-old fraud investigation will impact a potential order of three products tankers under negotiation with Maua Shipyard. "We have to wait and see," a spokesman for the Petrobras ship...
2009-10-01 07:34:32
German shipbuilding shrinks
Employment in the German shipbuilding industry reached a historic low this year, according to an annual survey published by German trade union IG Metall and Bremen-based research institute IAW. The survey found a 15% drop in overall employment at ...
2009-10-01 07:21:32
Hyundai exports wind turbines to the US
South Korea’s Hyundai Heavy Industries, which is putting spurs to its new and renewable energy business, said Wednesday that it has inked a contract with Wave Wind of the US to supply six 1.65MW wind turbines. Under the contract, both companies ...
2009-10-01 06:40:35
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