General
Hanjin's new project ups Subic investments
An expansion project of Korean shipbuilder Hanjin Heavy Industries and Construction Corp. in the Subic Port will raise the total investments committed by locators here to more than $6 billion this year. Hanjin Heavy’s expansion will also reinfor...
2009-06-09 07:20:13
Declare shipbuilding a thrust sector: Bangladesh
Association of Export-Oriented Shipbuilding Industries of Bangladesh urged the government to declare shipbuilding a thrust sector of the country. The President of the Association of Export-Oriented Shipbuilding Industries of Bangladesh Dr Abdullah...
2009-06-09 07:13:06
Cido sells aframax newbuilding pair
Cido Shipping is said to have sold a pair of newbuilding aframax tankers to a Greek owner. Brokers report Friday that Estoril Navigation is paying $50m each for the 105,000-dwt Pacific Genesis and Pacific Harvest. Both vessels are due this summer ...
2009-06-08 13:54:29
TKMS cuts Kiel and Emden jobs
Germany’s largest shipbuilding group, ThyssenKrupp Marine Systems, part of steel giant ThyssenKrupp, is axing 450 jobs at its facilities in Kiel and Emden. TKMS spokeswoman Andrea Wessels confirmed that the group wants to cut 200 of 2,400 jobs a...
2009-06-08 07:29:11
Bharati starts shiprepair service
India’s second largest private sector shipbuilder, Bharati Shipyard Ltd, will now start its ship repair facility at the recently-acquired floating dock of Swan Hunter Shipyard. Bharati, which has orders worth Rs 5,097 crore, will undertake the ...
2009-06-08 07:21:58
Malta announces preferred bidders for yards
The Ministry of Finance, Malta, recently announced its preferred bidders for Manoel Island Yacht Yard and the Marsa Shipbuilding and Steel Fabrication facility. As revealed by The Malta Business Weekly, the preferred bidder for the Manoel Island ...
2009-06-08 07:18:58
Korean yards cozy up to foreign firms
Leading shipyards are selling their expertise in the hope that orders will follow. South Korean shipbuilders are forming consortiums with developing nations in the hope of securing future newbuilding orders. Tongyeong-based 21st Century Shipbui...
2009-06-08 06:56:38
Wadan Yards files for bankruptcy
Germany’s Wadan Yards MTW is the latest shipbuilder to file for bankruptcy following the onset of the economic crisis. Wadan, in which STX Europe has a 30% holding, made the move after fighting to stay afloat for several months. It exhausted ...
2009-06-08 06:46:07
Eitzen regrets over Sasaki cancellations
Camillo Eitzen & Co (CECO) chairman Axel Eitzen says he deeply regrets having had to cancel orders at Japan's Sasaki Shipbuilding and hopes he can still continue a business relationship with the yard in the future. In a desperate bid to cut capita...
2009-06-05 15:59:53
Boxship orderbooks in upheaval
Decisions made over the next six months could radically change the oversupplied market. You do not need a crystal ball to see that the boxship orderbook will soon look radically different. Its fate has been a matter of great uncertainty. But th...
2009-06-05 15:54:20
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