General
Chinese lead in orders rebound
Shipyards in China have enjoyed a pick-up in ordering activity with 36 new ship orders secured just last month. But they failed to make over one-third of scheduled deliveries during the first seven months of 2009. A large proportion of vessels on ...
2009-08-21 12:13:28
Korean workers growth slows
According to a personnel survey conducted and compiled by the Korea Shipbuilders' Association (Koshipa) on its nine member shipbuilders, the total number of workers in the shipbuilding division as of the end of 2008 came to 101,632, up 1.5% from 2007...
2009-08-21 07:27:38
Jinhaiwan renamed Jinhai Heavy Industry
Recently, China's Zhoushan Jinhaiwan Shipyard held a board meeting after it finalized the revamp of company organization. At the meeting, the bill that the shipbuilder be renamed "Jinhai Heavy Industry" was passed. Zhoushan Jinhaiwan subsidiary...
2009-08-21 06:28:13
KR jumping on green bandwagon
Korean Register of Shipping (KR), South Korea’s classification society, has embarked on the so-called “green growth” business through carbon emission trading and clean development mechanism (CDM) approval business. The society has been promotin...
2009-08-20 12:04:12
Japan-China joint training center opens
A Japanese shipowners and managers group has teamed up with seafarer unions in Japan and China to launch a pioneering training center in Dalian, northern China, for Chinese seafarers planning to work on board Japanese controlled ships. The Intern...
2009-08-20 07:48:44
Indian shipbreaking upbeat
India, one of the world's leading shipbreaking countries, scrapped a total of 264 ships totaling 1.94m ldt (light displacement tons) last year, which is three times the volume in China. Mr PS Nagarsheth, president of the Iron Steel Scrap & Shipbre...
2009-08-20 07:07:11
Aggressive buying: Scrapping market
Aggressive buying in India and Bangladesh is continuing to drive a strong ship demolition market. US-based cash buyer GMS said there was still a healthy availability of tonnage, but China recorded only one sale and Pakistani players were again lef...
2009-08-19 07:16:00
2009-built capesize sold for $71.5m
Sale & purchase negotiations for a new cutting-edge capesize bulker delivered in 2009 have wrapped up, changing hands for $71.5 million. According to market reports, the ship is the 179,764-dwt Oriental Angel completed at Sasebo Heavy Industries. Whi...
2009-08-19 07:13:53
FreeSeas snatches handymax for $11m
Handysize specialist FreeSeas has snapped up another vessel. The company acquired the unnamed Japan-built, 30,800-dwt handymax for $11m, taking its rapidly expanding fleet to ten vessels. In a statement to the Nasdaq exchange, the company reitera...
2009-08-19 07:04:42
Shenzhen shiprepair hub
China's government is planning to build Southeast Asia's largest shiprepair base in Shenzhen area, Guangdong province. Youlian Ship Repair Base which was built by China Merchants Group (CMG) in Zaizhou island, Shenzhen city officially opened in De...
2009-08-19 06:33:03
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