General
2 Polish shipyards close production
Two major Polish shipyards which relied on government subsidies and were recently sold on European Union orders officially closed production on Friday. The shipyards in the Baltic cities of Szczecin and Gdynia were sold by the Polish government ea...
2009-06-03 09:44:29
European yards in joint move to fight crisis
Two additional national associations, the Lithuanian Association of Shipbuilders and Shiprepairers (LLSRA) and the Bulgarian National Association of Shipbuilding and Shiprepair (BULNAS) have been confirmed by the CESA General Assembly to become full ...
2009-06-03 07:29:30
Global orderbook falls to lowest
Shipowners invested a mere $1.4bn in newbuildings during the first four months of 2009 as the number of vessels on order globally fell to its lowest level since August 2007. The one beacon of light is offshore tonnage, which accounted for 23 of th...
2009-06-02 10:25:35
Tanker values set to fall further
Tanker values still have some way to fall before they hit their low point despite having already declined by about half since last year’s peak level, an industry expert has warned. Charles Lawrie, of London-based Richardson Lawrie Associates, s...
2009-06-02 05:31:15
Petrobras to be probed over tax fraud allegations
Petroleo Brasileiro SA may fall after its best month since December 2007 as lawmakers probe tax fraud allegations at Brazil’s state-controlled oil producer, BNP Paribas and Banco Geracao Futuro de Investimentos said. “Investors need to be careful...
2009-06-01 16:21:54
STX reshuffles Top management
South Korea’s STX Business Group said on May 29th that it has reshuffled management at its subsidiaries to accelerate the development of STX Dalian Shipbuilding Complex in China and strengthen its plant business as the next generation engine of gro...
2009-06-01 11:23:17
Samsung to sign Indonesia ferry deal
Korean companies will sign a tentative agreement with an Indonesian government-run firm on Monday on a shipbuilding project that could be worth up to $2 billion, sources told Reuters. Under the deal, Samsung C&T and 21st Century Shipbuilding Co wi...
2009-06-01 10:40:44
Zim in talks to cancel newbuildings
Israeli line Zim Integrated Shipping Services plunged deeper into the red in the first quarter as cargo volumes collapsed by a third. But it has yet to reach agreement with shipyards on revoking orders for post-panamax ships. Zim’s net loss balloon...
2009-06-01 07:21:01
More tanker cancellations to follow ?
Frontline’s cancellation of six newbuilding contracts raises the question of whether other tanker owners will now try to take the opportunity to follow suit. The tanker market has so far not experienced cancellations on the scale of the bulk ca...
2009-05-29 07:47:03
New OSHA standards for shipbuilding
Fire Protection in Shipyard Employment, Contamination issues related to Hexavalent Chromium and Employer Payment for Personal Protective Equipment (PPE) are three additions to the Shipyard Industry Standards, a revised guidance document. The document...
2009-05-29 07:42:19
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