General
"The Role of Engineers"
Hyundai Heavy Industries vice chairman Min Keh-sik (pictured), representative technology CEO in South Korean shipbuilding industry, gives a special lecture at Pohang University of Science and Technology (POSTECH) on May 7th. The subject of the lec...
2009-05-06 16:32:28
Bharati Shipyard looking for defense orders
Bharati Shipyard Ltd. is looking for more orders from India's defense sector to maintain its revenue growth, the privately operated ship builder's managing director said. "At the moment we have defense orders for small patrol vessels worth about 3 bi...
2009-05-06 13:37:12
Fincantieri labor-management dispute endangers new orders
Management-labor strife at Fincantieri could have commercial repercussions for the relationship between the shipbuilder and Carnival, its principle client. Commenting on the cancellation of last Thursday’s official delivery ceremony for its new...
2009-05-06 11:34:54
STX fosters Green Biz
STX Business Group of South Korea promotes Green Business as one of its key engines of growth including shipbuilding & machinery, shipping & trade, construction & plant and energy, and aims to achieve revenue of KRW 6trn ($4.695bn) in the sector by 2...
2009-05-06 11:28:16
Marina issues circulars to revive shipbuilding
Shipping regulator Maritime Industry Authority (Marina) of the Philippines is set to issue several circulars to revive the country’s shipbuilding sector, which has been stagnant for the past decades. During its board meeting in March, Marina has ap...
2009-05-06 07:22:57
Ship demolition sales slow
Demolition sales remained minimal last week as owners were still unwilling to accept a fall in prices. Buyers were sitting tight or offering well below market levels, even though scrap prices appeared to be stabilising, US cash buyer GMS said. ...
2009-05-06 07:14:08
35 bidders for Polish yards
Thirty-five investors have registered to bid for the assets of two Polish Baltic shipyards being liquidated under European Union anti-state aid laws, officials said on Friday. "By the Thursday midnight deadline, 35 investors have expressed the des...
2009-05-06 07:01:29
Dispute worried
It is worried that South Korean government’s restructuring and support plan for the country’s shipbuilding and shipping industries might cause WTO trade friction. The government has recently decided to provide shipbuilding financing of KRW 9.5...
2009-05-06 06:22:13
Italian interests buy chemical-tanker newbuilding
The 40,000-dwt chemical-tanker newbuilding Freja Regulus (built 2009) is reported to have been sold to Italian buyers Millenia/Morfini at a price of between $34m and $37m. The ship is slated for delivery shortly from SLS Shipbuilding in Tongyoung....
2009-05-04 14:56:55
Catic acquires a 68% stake in Taixang yard
A trading house that became a majority shareholder in a Jiangsu shipyard last year has surprised the Chinese shipping world again with a major stake in a neighbouring yard. The Bejing arm of Catic took a 45% stake in Taizhou Catic Heavy Industries Lt...
2009-05-04 14:49:27
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