General
Poland tight-lipped over yard bidders
Kuwait and Qatar are said to have entered the fray for assets at two yards. Poland's industrial-development agency remains tight-lipped over the identity of potential bidders for the Gdynia and Szczecin shipyards, although reports point to the Kuw...
2009-05-11 06:57:38
No sign of new orders now
NewsSunday, 10 May 2009 Slowdown signs -Sunday, 10 May 2009 According to Mr Wang Jinlian secretary-general of China Association of National Ship Industry, "At present, there is nearly no new ship order in China." Global shipping market continues ...
2009-05-11 00:37:28
Shipbuilding just one part of Hyundai
Even as the world’s largest shipbuilder, Hyundai Heavy Industries cannot be invulnerable in a global downturn such as the world is experiencing now. And yet a recent address by the company’s president and chief executive Choi kil-seon to its e...
2009-05-08 11:47:36
China makes preparations to build aircraft carrier
Recent reports circulating in the Chinese press indicate that Jiangnan Shipyard (Group) Co Ltd - one of China's oldest state-owned shipbuilding companies and regarded as the "cradle of China's national [shipbuilding] industry" - could be slated by Be...
2009-05-08 11:32:07
Greek still reluctant to commit new orders
Greeks are refraining from placing any newbuilding orders for almost seven months now, in an attempt to limit potential oversupply of vessels, at a time when financing is scarce and the freight markets’ prospects appear grim, together with the glob...
2009-05-08 10:10:07
Keppel Phils. reduces manpower
Shipyard operator Keppel Philippines Marine Inc. said it would continue with its plan to reduce the number of its workers throughout the year as a result of the current global economic crisis. The company, which has its main headquarters in Singap...
2009-05-08 08:14:11
Hellenic Register banned from classing newbuilds
The future of the Hellenic Register of Shipping appears grim, after the EU’s official decision to implement a 17-month ban of the classification society. Under this decision, the Register won’t be able to class new ships, at least until it suc...
2009-05-07 10:59:16
GulfMark sues Bender Shipbuilding
GulfMark Offshore filed a lawsuit against Bender Shipbuilding & Repair Wednesday, the same day the Overseas Shipbuilding Group (OSG) released new details about its cancellations at the yard. GulfMark, a Houston offshore vessel owner, is asking a U...
2009-05-07 07:15:13
Abu Dhabi charters VLCCs for floating storage
State-owned Abu Dhabi National Tanker Company, or ADNATCO, is making preliminary inquiries to charter VLCCs to store crude, industry sources said on Tuesday. The shipping firm is making the inquiries on behalf of parent company and state oil firm ...
2009-05-07 07:00:09
Shipbuilding Theme Park open
On May 9th, a ceremony will be held for the completion of ‘Geoje Shipbuilding Theme Park’ in Geoje City, South Korea’s world class shipbuilding city. Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering are located in Geoje ...
2009-05-07 06:17:30
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