General
Carried on Marine stimulus resolution
In South Korea, the Shipping-Shipbuilding Co-Development Resolution has passed the Assembly plenary session and a special law is expected to be enacted to bolster shipping and shipbuilding industry. The Assembly plenary session unanimously passed ...
2009-10-01 06:36:17
Petrobras not to order at Maua
Petrobras has decided not to place orders at Brazil's Maua Shipyard because of a 2007 fraud investigation, according to newspaper reports. A local media says the state-run oil and gas company has decided to consider the Niteroi yard ineligible for...
2009-09-29 07:38:36
9 Singaporean yards fined, warned
Nine Singaporean shipyards have been fined and warned for safety lapses following a surprise check by Manpower Ministry (MOM) officers earlier this month. The inspectors found faults at all the nine shipyards they checked and dished out 25 warning...
2009-09-29 07:29:09
Palumbo eyes biggest shiprepairer
The announcement last week that the Palumbo ship repair company of Naples is the preferred bidder for the Malta Shipyards Cottonera facility, could open the way to Palumbo becoming one of the biggest ship repair enterprises in the world. The Neapo...
2009-09-29 07:25:51
Legal dispute looms for KDB-Hanwha
Hanwha Group and the Korea Development Bank will likely fall into a legal dispute over acquisition guarantee payments made on Daewoo Shipbuilding & Marine Engineering. Kim Seung-youn, chairman of Hanwha Group, said although the case regarding the ...
2009-09-29 07:21:56
Indian cancels shipyard project
A newcomer to shipbuilding in India has dropped a plan to build a greenfield shipyard on the west coast following difficulties in raising development finance. Director of Bhavnagar-based Steelcast Ltd Chetanbhai Tamboli confirms the decision. He says...
2009-09-28 07:01:53
Samsung in Forbes top 50
Samsung Heavy Industries of South Korea was included in the top 50 blue-chip company list in the Asia-Pacific region, released by American magazine Forbes on September 23rd. On its website, the magazine made public the 50 best companies’ busines...
2009-09-28 06:25:28
Scrapping hits highest in 6 years
While shipping downturn is being protracted, old vessels sold for scrap are abruptly increasing with the accumulative ship demolitions during the eight months to August hitting the highest level since 2003. According to Clarkson Research Services,...
2009-09-28 06:21:48
SLS reaches wage settlement
SLS Shipbuilding, a South Korean shipbuilder of middle standing, said Friday its labor and management have reached wage collective agreement peacefully for the second consecutive year. The capital and labor agreed upon a hike of KRW 35,000 ($29.5)...
2009-09-25 14:50:28
Chinese suffer order cancellations
According to overseas media reports, China's Zhejiang Shipbuilding and Yangfan Group seem to have agreed to cancellation requests from two German shipowners Lloyd Fons Exploration and Vega Reederei respectively for four 118,000-dwt post-panamax bulke...
2009-09-25 07:09:46
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