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Fincantieri and Fiom ink new labor deal
The leading metalworkers’ union at Italian state-owned shipbuilder Fincantieri has settled its differences with the company and signed a new labor contract. The left-wing Fiom union, which represents around 50% of Fincantieri’s unionized work...
2009-07-20 07:04:02
Daewoo wage talks face rough
While Hyundai Heavy Industries and Samsung Heavy Industries, among the world’s big three leading shipbuilders, peacefully settled on a wage agreement by freezing basic salary this year, Daewoo Shipbuilding & Marine Engineering’s wage negotiation ...
2009-07-20 06:15:02
Yards' mothballing strategy widespread
Asian shipbuilders are quietly mothballing completed containerships and bulkers after agreeing with their cash-strapped shipowners to defer legal delivery and remaining payments. The practice is more widespread than many realize, says Mark O’Ne...
2009-07-17 07:40:15
RINA on a growth path
Italian classification society RINA has emerged as a strong player among Hellenic shipping companies during 2008, with 207 ships classed by the end of the year. They have a total gross tonnage of 4.16 million. The biggest market segment by far involv...
2009-07-17 06:55:28
Nanjing holds int'l ship fair in 2010
Nanjing City of Jiangsu Province, China will hold the 1st China International Marine, Port & Shipbuilding (CIMPS) Fair at the Nanjing International Expo Center during the period between May 19th and 21st 2010 in cooperation with China International E...
2009-07-17 06:23:21
Shiprepair market turns buyer's one
While global shipping market downturn continues, volume of ship repair work is rapidly decreasing with repair cost also spinning down, and consequently, shiprepair yards’ revenues are shrinking. An official from the China Association of the Nat...
2009-07-16 14:20:43
Bocimar fetches $60m from capesize sale
Belgium's largest shipping company Compagnie Maritime Belge (CMB) announced on July 13th that its bulker unit Bocimar has sold a secondhand capesize bulker. Bocimar sold the 173,949-dwt Mineral London (built in 2006 by Shanghai Waigaoqiao Shipbui...
2009-07-16 07:30:14
Avoid protectionism ?
State backed financial supports for shipbuilding industry are to come under fresh scrutiny as concern grows that subsidies could lead to overcapacity and distort the market. The OECD Working Party on Shipbuilding (WP6) met in Paris last week and i...
2009-07-16 07:22:03
OECD defers shipbuilding talks
OECD shipbuilding nations are not yet ready to restart negotiations on an anti-subsidy agreement despite Japanese and European concerns about the level of support being given by the Chinese and South Korean governments to help their shipbuilding sect...
2009-07-16 07:15:36
Hyundai joins OPK upgrade
Hyundai Heavy Industries of South Korea has joined the queue of leading Asian shipbuilders eager to help United Industrial Corp (OPK) of Russia gain a share of the shipbuilding bonanza that will result from the development of oil and gas projects on ...
2009-07-15 07:13:31
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