General
Fincantieri US unit lays off 400
Italian shipbuilder Fincantieri-Cantieri Navali Italiani S.p.A.’s subsidiary Fincantieri Marine Group (former Manitowoc Marine Group)’s Bay Shipbuilding in the US is laying off around 400 out of its total workforce of around 700. A notice fil...
2009-08-27 07:02:23
Zhejiang's cost-cutting drive
China's Zhejiang Shipbuilding is said to have reduced production costs by over 100 yuan ($14) per ton since the turn of this year by introducing advanced designs to five bulkers and offshore platform supply vessels. The shipbuilder has brought in ...
2009-08-27 06:33:09
Blast at Alang shipbreaking yard
A Polish crewman has died in a blast on board a vessel at an Alang shipbreaking yard in India. Inoski John, 64, was killed and another man, a Filipino, seriously injured in the incident on a chemical tanker named Pow Fortune on Thursday morning in...
2009-08-26 13:43:33
Bergen orderbook at $10bn
Since its formation in 2007, the offshore and shipbuilding specialist Bergen Group of Norway has developed a relatively strong orderbook, but its margins are lower than some analysts expected. To date, the Oslo-listed company has offices spread along...
2009-08-26 07:30:56
Shipbuilding seminar to be held in Seoul
The Korea Shipbuilders’ Association (Koshipa) holds a seminar in Seoul on September 15th in commemoration of ‘The 6th Shipbuilders Day’. At the seminar, industry officials’ presentations on key industry issues will be made on ‘Current Co...
2009-08-26 06:32:11
Scrap prices up again
Ship scrap prices have surged again, driven by Bangladeshi hunger for tanker tonnage. As local steel plate prices finally rose and several vessels were offered for sale, levels reportedly broke through the $380 per ldt level, US-based cash buyer G...
2009-08-25 11:13:32
Bulker rates set for collapse
Capesize rates are likely to be in freefall this week after what brokers said was a sudden collapse in the market following a surge in the number of vessels coming charter free. Brokers said market sentiment was likely to be dismal in the absence ...
2009-08-25 09:15:16
DNV working on High North safety standards
In July, DNV hosted an expert meeting between representatives from the management group in Gazprom, Norwegian companies and representatives from the Russian and Norwegian government. The purpose of the meeting was to present a status report on a ...
2009-08-24 11:29:34
Flaws in China-built LNG ships
China's first LNG carrier newbuilding is nearing the end of a complex repair job that will have kept the ship out of service for almost 10 weeks. Sources indicate that the entire tailshaft of the 147,000-cbm Dapeng Sun (built 2008) had to be remov...
2009-08-24 07:05:23
Dolphin loses in quality dispute
Italy's Dolphin Tanker has failed in a bid to force a Shanghai shipyard to allow it to make last-minute welding-quality checks on a newbuilding tanker due for delivery within weeks. A London court rejected a bid from Dolphin to uphold an emergency...
2009-08-24 06:53:06
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