General
China yards rely on domestic owners
Shipyards in Chongqing in central west China are shifting their focus to the domestic market to make up for declining export orders. According to the China Association of the National Shipbuilding Industry, the city’s shipyards saw a 67% increa...
2009-07-29 07:12:51
Hyundai Samho settles on wage deal
Hyundai Samho Heavy Industries’ labor and capital finalized the wage collective agreement for 2009 on Tuesday, achieving a peaceful settlement for the third consecutive year. On July 28th at the 17th negotiation, the representatives of both side...
2009-07-28 17:05:10
Irrational surge in scrapping prices
The unreasonable jump in demolition prices is creating a daunting situation for owners, US cash buyer GMS says. In its weekly report, GMS explained, “Chinese containers have jumped well in excess of $265 per ton, indications from Bangladesh (for...
2009-07-28 06:58:10
Lindenau wins tankers refit order
Lindenau Werft of Germany has secured an order to refit three chemical and oil tankers for Carl Büttner. The 23,400-dwt tanker Aurelia arrived at the shipyard in Kiel Monday. It will be upgraded to IMO class II in the course of the next ten ...
2009-07-28 06:47:53
Daewoo probed over funds use
Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea has confirmed that prosecutors were investigating the company over the “propriety and legality” of the shipbuilder’s use of government funds as part of a bailout package 10 years ag...
2009-07-28 06:45:04
Scrap yards’ working capacity over 80%
Capacity at scrapping yards has reached around 80%, raising concerns about whether there will be enough facilities to cope with the rising number of ships sold for scrap. If recycling continues to rise, scrap prices could drop below $200 per ldt, ...
2009-07-27 11:57:58
Tsakos amends Sundong order?
Two suezmaxes reported on July 16th as being ordered at Sungdong Shipbuilding & Marine Engineering of South Korea may not turn out to be the breakthrough they were first thought to be. Final contracts for the pair of 158,000-dwt tankers for Tsakos En...
2009-07-27 06:53:52
Gujarat approves 7 new shipyards
From shipbreaking to newbuilding, India’s Gujarat coastline is undergoing a complete transformation. More companies are dropping anchor along the 1,600-km-long state coast. In the last one month, the state government has given approval to three ...
2009-07-27 06:50:12
Indonesia builds shipbuilding cluster
The Indonesian government, in partnership with private companies, is constructing an industrial cluster for shipbuilding on 400 hectares of land in Lamongan, East Java. The cluster, estimated to be worth 5.9 trillion rupiah ($592m), will have the ...
2009-07-27 06:45:30
Jiangsu yards into non-shipbuilding biz
As the newbuilding market slump is expected to be protracted, many shipbuilding companies in Jiangsu Province, China are turning their eyes to non-shipbuilding businesses. Based on self-owned assets, shipbuilders are showing aggressive attitude in...
2009-07-27 06:17:17
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