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STX faces dumping criticism
Goodmorning Shinhan Securities on June 16th said STX Offshore & Shipbuilding’s recent order-intake for the construction of 50,400-dwt tanker octet (options for four units included), worth $340m ($42.5m per ship), has caused price controversy. Jo...
2009-06-16 14:25:51
Efficiency and safety enhanced for COSCO Zhoushan
The leading company in Chinese shiprepair industry, COSCO Zhoushan Shipyard's energy consumption in the entire 2008 stood at 37,600 tons in terms of standard coal, occupying majority of Zhongwen Group's shiprepair sector energy exhaustion. COSCO Z...
2009-06-16 12:06:46
Ship scrapping activities slow
The pace of ship demolition has slackened as Pakistan and Bangladesh failed to report a single sale last week. US-based cash buyer GMS said even Indian activity was limited, although China maintained its level of deals. But the number of vessel...
2009-06-16 07:50:43
Lindo to cut more jobs amid order drought
AP Moller Maersk’s shipyard at Odense, Denmark, is looking to make a further 175 staff redundant. The Lindø facilities are being restructured after the management announced a new vision and direction earlier this year after orders for larger ve...
2009-06-16 07:30:32
Fincantieri workers redundancy deal
Italian shipbuilder Fincantieri has agreed a temporary redundancy deal for 200 staff amid a shortage of work. Mario Ghini, national secretary of the UIL union, told the Ansa news agency that workers would be on reduced pay for 13 weeks from 8 June...
2009-06-16 07:03:35
Shipbuilders wind spree
South Korean Shipbuilders, having difficulties winning new ship orders, are increasingly making inroads into wind power business. According to Emerging Energy Research (EER), annual output of wind power industry (offshore wind power generation inc...
2009-06-16 06:15:42
Hanwha re-takes over DSME?
Recently, the upward tendency in Hanwha shares in expectation of change of holding company, took a reverse direction abruptly due to the rumors that Hanwha is seeking to take over DSME again. In this context, Hanwha Group aggressively denied the r...
2009-06-15 16:15:12
Samsung wins Clean Shippng Awards
The 110,000-dwt shuttle tanker 'Amundsen Spirit' under construction at Samsung Heavy Industries of South Korea has won the Clean Shipping Awards at Nor-Shipping 2009. Norwegian classification society DNV and the organizing committee of Nor-Shippin...
2009-06-15 13:31:57
Huge investment in Pakistan shipbreaking
Minister of State for Industries & Production Dr Ayatullah Durrani has said that investors are putting huge investment in Pakistan's ship breaking industry at Gadani. He was talking with the media during his visit to ship breaking industry at Gad...
2009-06-15 07:08:02
Germanish defends Korean yards
Two of Germany’s most prominent shipowners have come to the defence of South Korean yards that have been criticised in some quarters for not doing more to defuse the orderbook time bomb. Bertram and Erck Rickmers say the yards fully understand the ...
2009-06-15 07:04:07
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