General
STX wins 6 wind turbines
STX Business Group of South Korea has won its first order for wind turbines after acquiring Harakosan Europe B.V. STX said Wednesday that it has signed a contract with Romania’s Atra Eco on October 12th to supply six 2MW wind turbines. The wi...
2009-10-14 11:22:01
Primorsk yard working design
A detailed working design and state expertise passing of a new shipyard construction in Primorsk (Leningrad region) is planned to be completed in August, 2010. Working documentation preparation will be carried out simultaneously, Georgii Poryadin, Ch...
2009-10-14 08:13:41
Poland probes wrongdoing in yards sale
Polish Prime Minister Donald Tusk's party suffered another blow Monday with the launch of an investigation into alleged wrongdoing during the auction of historic shipyards in Gdynia and Szczecin, famous for their anti-Communist protests in the 1980s....
2009-10-14 08:08:07
STX denies VLCC sale
STX Pan Ocean of South Korea has denied reports it has sold a single-hull VLCC. The shipowner is said to have offloaded the 261,000-dwt Crystal Beauty (ex Front Tobago, built 1993), but STX says it has no links with the vessel. A spokesperson says...
2009-10-13 07:32:21
ABG defaults Rs122 crore in taxes
The Mumbai Income Tax department said it has found undisclosed income of about Rs122 crore ($26m) after a two-day search of the Mumbai, Dahej, Bhuj and Surat offices of ABG Shipyard Ltd earlier this week. “We have found undisclosed income of about ...
2009-10-13 07:17:37
Vyborg revenue to rise to RUR 32bn
Vyborg Shipyard OJSC predicts its 2.46-time revenue increase to RUR 32bn ($1.08bn) as of 2009 results, Valerii Levchenko, General Director of the shipyard informed journalists on the matter. As per Levchenko, incomings on Gasprom’s orders made ...
2009-10-13 07:15:22
Delivery schedule being protracted
As shipowners delay newbuilding deliveries following one after another, South Korean shipbuilders’ order backlogs which were set to run out in three years are now expected to have been stretched for the next five years. Cash-strapped owners have...
2009-10-13 06:31:20
174 bulkers scrapped by Aug
According to statistics by Clarkson Research Services, bulkers demolished globally in the period between January and August 2009 numbered 174 units totaling 7.12 million tons. The 174 units comprised of seven Capesizes (100,000-dwt and larger) of ...
2009-10-12 11:47:26
ABG no tax tricks
India’s ABG Shipyard has denied any suggestions of tax evasion following a string of raids earlier last week. The shipbuilder’s offices and “the premises” of some officials were searched by the Income Tax Department, the company confirms. ...
2009-10-12 07:14:53
Hyundai amends VLCC pair
South Korea’s Hyundai Heavy Industries has been forced to accept another change in newbuilding orders, according to industry sources. Korea Line has amended an order for two very large crude carriers at the yard that will see one of the ships bu...
2009-10-12 06:49:26
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