General
SLS suspected,,
Changwon District Public Prosecutor’s Office in South Korea embarked on a seizure and search upon SLS Shipbuilding headquarters and the company’s chairman Lee Guk-chul’s office room on September 15th. An official from the district public pro...
2009-09-16 14:41:34
DNV wins Global Award 2009
DNV was named the best classification society globally by the maritime industry’s leading newspaper, Lloyd’s List, at their annual Global Award event held in London on September 8th. Despite the economic challenges, the award ceremony attracte...
2009-09-16 12:38:05
Cosco yard in row with Kyodo
Cosco Guangdong Shipyard is accusing Japan's Kyodo Corp of failing to pay up after the docking of a bulker. The 39,000-dwt Kyodo Progress (ex-Land, built 1981) spent the first three months of this year at the yard. Documents in a current legal ...
2009-09-16 07:48:13
CESA proposes stimulus package
A meeting by shipbuilding industry top executives and government officials of EU member nations was held on September 11th in Bremen, Germany, following an invitation of European Commission (EC). The Community of European Shipyards' Association (CESA...
2009-09-16 07:45:27
Japan fears EU's subsidies
Subsidies for struggling European yards would only distort the global market and sustain overcapacity, Japanese shipbuilding interests have warned. Reacting to calls from European yards for support from the European Commission, officials from the ...
2009-09-16 07:30:29
Scrap-vessel imports soar
Import of scrap-ships in Bangladesh doubled in the last fiscal year due to sharp fall in its prices in the international market boosting the supply of raw materials to the country's steel sector. Local importers purchased 2.2m tonnes of old ships ...
2009-09-16 07:26:56
Universal set up shipbreaking yard
In January, Singapore-based shipowner Universal Navigation opened a new shipbreaking facility at Gadani Beach in Pakistan. The new company was established as a partnership with Pakistani steel-industry interests closely related to Universal director ...
2009-09-15 13:39:39
SPP newbuilding resale
An unnamed US company is said to have purchased a newbuilding chemical tanker from South Korean shipbuilder. The 50,000-dwt Hope I was purchased for $36m, according to brokers’ reports Monday. The vessel is slated for delivery in October from SP...
2009-09-15 07:32:02
Hanjin mulls private sale for boxships
Hanjin Heavy Industries & Construction of South Korea may sell three 6,500-teu newbuildings privately after going through the motions of a public auction and receiving derisory offers. The trio was put up for sale by the shipyard in August, with l...
2009-09-15 07:18:17
Pipavav IPO unattractive now ?
Investors with a low risk appetite can give the initial public offer (IPO) of shipbuilder Pipavav Shipyard a miss. The offer does not appear to be a compelling investment option at this point in time given the lack of an operational track record,...
2009-09-15 07:12:01
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