General
Russian bank may buy Volgograd Shipyard
A Russian bank has been linked to a buy-out of struggling domestic shipbuilder Volgograd Shipyard. Russian Financial Corporation (RFC) is in talks over the acquisition of the MNP Group-owned yard, according to the Prime-Tass news agency. It was re...
2009-06-22 07:32:43
Agip KCO builds aframax tankers
Oil company Agip KCO is to build aframax tankers in the Caspian Sea for Kazakhstan. The country’s energy minister Sauat Mynbayev said the 63,000-gt vessels were needed to carry crude. Commenting on the size of the vessels, he told local media: "...
2009-06-22 07:30:03
Romanian takes SNO shipyard stake
Two Romanian investment funds have struck a deal over an 11.8% holding in the Santierul Naval Orsova (SNO) shipyard. The regional SIF 4 Muntenia fund said it would buy the shares for RON 9.45m ($3.1m) from the yard’s major shareholder, SIF 3 Tra...
2009-06-22 07:27:15
Krasnoye Sormovo sells Palmali tankers to Turkmenian
Krasnoye Sormovo shipyard (MNP Group, Nizhni Novgorod) will deliver two tankers project RST22 of New Armada type built for Palmali Group to Turkmenian sea and river shipping company, Krasnoye Sormovo reports according to IF-Region. According to Nikol...
2009-06-22 07:01:24
Hanwha seeks arbitration over DSME deposit
Hanwha Group has begun action to recover a cash deposit it lost when it failed to complete a takeover of Daewoo Shipbuilding & Marine Engineering. The South Korean conglomerate has asked a Seoul court to arbitrate in the dispute over KRW 315bn ($2...
2009-06-22 06:57:32
DSIC repair yard project begins
Dalian Shipbuilding Industry Corp (DSIC)'s shiprepair yard construction project, contracted with CCCC First Harbor Engineering Company Ltd.(CHEC), is going to start soon. This project includes dredging process for quay in Changxing island, China. ...
2009-06-22 06:17:24
US port disapproves of yard construction
A US port authority has thrown out a bid from an Edison Chouest Offshore company to build a drydock for sister operation LaShip in Louisiana. Local media said the Terrebonne Port Commission made the move after the Louisiana Ethics Administration r...
2009-06-19 08:16:08
Daewoo wage agreements rejected
The provisional wage agreements between Daewoo Shipbuilding & Marine Engineering labor and management for this year was voted down by the union members on June 18th. DSME labor union on the day put it to the vote whether the union members accept...
2009-06-18 17:27:35
Samsung-Glasgow industry-academic tie up
Samsung Heavy Industries of South Korea has established an academic-industrial cooperation system with the University of Glasgow. The world’s second largest shipbuilder has launched a 3-month long international internship program for five studen...
2009-06-18 16:35:54
Chinese optimism: Nobody hit by cancellation
New vessel orders may still be rare, but optimism is certainly not in short supply at China’s shipyards. When Maersk Broker brought together senior executives from more than 20 Chinese shipyards recently, talk of cancellations was dismissed as “r...
2009-06-18 11:21:37
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