General
STX wins plant order
STX Heavy Industries of South Korea said Wednesday that it signed a $200m contract on September 8th with Saudi Arabia-based South Steel Company to construct a steel plant. The plant set to be built in Jazan Economic City, Saudi Arabia, aims to pro...
2009-09-09 10:07:01
PNSC scraps one, eyeing tanker buy
Pakistan National Shipping Corp (PNSC) has sold one ship for scrap as it eyes one more aframax purchase after confirming another. The 23,500-dwt Makran (built 1979) was sold last Wednesday to cash buyers for $320.5 per ldt, a spokesperson for PNSC...
2009-09-09 07:35:28
Hapag-Lloyd to cut 120 jobs
German container line Hapag-Lloyd will cut about a tenth of its 1,100 jobs in Germany. The works council and management have agreed on a cost-cutting program which has been presented to Hapag-Lloyd. A spokesman for the carrier confirmed the plans....
2009-09-09 07:23:36
Hanjin's ZESCO kicks off in earnest
Hanjin Shipping's Zhejiang Eastern Shipyard (ZESCO) has received official approval from the Chinese government to repair foreign ships. ZESCO, developed in conjunction with China’s Shunhe Shipping, is located in Qushan Island of Zhejiang Province ...
2009-09-09 07:09:11
VL scrap price peak passed
Owners wanting to scrap VLCCs and other large tankers may have missed their peak price window. Scrap prices for wet tonnage in Bangladesh have been on the slide this week as yards are unable to keep pace with supply, says cash buyer GMS. A flur...
2009-09-08 07:39:35
Delay forces TS Marine buyout
Significant delays to the building of two new specialized offshore vessels in Spain led to the management buyout of Aberdeen-based owner TS Marine Contracting with cash from a rival Norwegian owner. Financial constraints at the Astilleros Huelva s...
2009-09-08 07:31:34
ClassNK guidelines on crack prevention
Nippon Kaiji Kyokai (ClassNK) has published a new technical study entitled 'Guidelines on Brittle Crack Arrest Design'. The release is intended as a technical reference to help prevent the propagation of brittle cracks that may occur in the hull stru...
2009-09-08 07:22:42
Hyundai value down 25%
As the economic engine starts to sputter once again after the unprecedented global financial crisis, South Korea's conglomerates, dubbed chaebol, regained their values in the Seoul bourse to their pre-crisis levels. However, there are two outstand...
2009-09-07 12:35:06
Spanish yard takes action over cancellation
Spanish shipbuilder Factorias Vulcano Shipyard will be taking Norwegian shipowner Petroleum Geo-Services into arbitration over the cancellation of a second newbuilding contract. PGS said it received formal notice from the north Spanish shipyard th...
2009-09-07 07:11:25
Fincantieri workers protest over layoffs
Hundreds of workers at Fincantieri’s Castellammare di Stabia yard south of Naples blocked a main coastal road for four hours Friday morning in protest at temporary layoffs set to hit as many as two thirds of the yard’s roughly 700-strong workforc...
2009-09-07 07:07:34
Start  Prev  651  652  653  654  655  656  657  658  659  660  Next  End