General
GL helps COSCO design
On August 7th, German classification society Germanischer Lloyd (GL) signed a partnership agreement with COSCO Shipyard Group (CSG) Technical Center to jointly design oil tankers including 113,000-dwt Aframax tankers. Under the cooperation agreement,...
2009-08-11 06:43:27
Atlantska cancels order at Ha Long
Atlantska plovidba, a Croatian shipping company based in Dubrovnik, has cancelled a contract with Vietnamese shipbuilder Ha Long Shipyard for construction of a ship. On Atlantska plovidba’s website, the company says it did so because of potentia...
2009-08-10 13:08:14
Croatia sells state-owned yards
Croatia has put up for sale its six state-owned shipyards, four of them for a symbolic Croatian kuna ($0.19). Only two yards carry real price tags — the Uljanik yard in Pula, 59.3% of which is on offer for €54.5m ($78.6m) and the Brodospli...
2009-08-10 06:50:59
STX Europe suffers from orders drought
STX Europe continues to express concern about the impact a lack of new orders is having on its cruise and ferries division. The company, which is now a full division of South Korea’s STX Group, reported an increased first-half after-tax loss fr...
2009-08-10 06:36:56
Great Offshore takeover war gets fiercer
The tug-of-war between Indian private sector shipyards ABG and Bharati for the controlling stake in offshore services provider Great Offshore Limited has taken a new turn. In a surprise move, ABG Shipyard acquired 1.9m GOL shares in separate deal...
2009-07-31 07:03:47
Shipbreaking bonanza to reach the Highlands of Scotland
So great is the demand for shipbreaking around the world that a long mothballed shipyard in the Highlands of Scotland is looking at rejigging its facilities to recycle ships and rigs. DSM Demolition is to set out its plans for mothballed Nigg in E...
2009-07-31 07:00:35
Samjin appoints new president
Samjin Shipbuilding Industries, located in Weihai City, China, has formally appointed Hwang Gye-ju (pictured) to new president and representative director as of July 30th. Mr Hwang had worked at Samsung Heavy Industries, Sungdong Shipbuilding & M...
2009-07-30 15:15:40
PetroVietnam urged to help Vinashin
The Vietnamese government Tuesday urged Vietnam Oil and Gas Group (PetroVietnam) to advance capital to Vietnam Shipbuilding Industry Group (Vinashin), to speed up the construction of a floating oil storage and offloading unit and three oil tankers. I...
2009-07-30 07:20:41
Daewoo freezes basic salary
Daewoo Shipbuilding & Marine Engineering (DSME)’s labor and management have reached an agreement on freezing wage for 2009. They had come to a provisional wage agreement on July 27th and union members passed it on July 29th at a general meeting....
2009-07-30 06:07:59
STX Heavy buys Harakosan Europe
STX Heavy Industries of South Korea said on July 29th that it had signed a contract to acquire a stake in Dutch wind turbine generator manufacturer Harakosan Europe and the company’s patent. STX Heavy said the acquisition costs totaled some KRW ...
2009-07-29 13:50:29
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