General
Tsuji accused of management malpractice
A report issued by the receivers of Japan’s Tsuji Heavy Industries has alleged management malpractice at the highest level going back nearly a quarter of a century. Tsuji a leading deck equipment manufacturer rocked the Japanese market when it file...
2009-04-01 07:41:41
Fincantieri to hold last-ditch talks
Fincantieri holds last-ditch talks with Italy’s three main metalworking unions in the hope of agreeing a deal on a new labour contract. Talks have been going on for months, with the company eager to tie improved rewards closely to improved prod...
2009-04-01 07:38:54
Only the law of the jungle will work
The law of the jungle is the only viable way to restore equilibrium to the world shipbuilding industry, which is likely to result in significantly more cancellations and the elimination of several weaker or newer shipyards. “The picture is not o...
2009-04-01 07:15:49
ThyssenKrupp appoints Mr Ito as CEO of Hellenic Shipyards
ThyssenKrupp Marine Systems said that Mr Akio Ito will replace Mr Reinhard Kuhlmann as CEO of Hellenic Shipyards at Skaramangas with effect from April 1st 2009. Mr Ito is presently a member of the executive board of ThyssenKrupp Umformtechnik GmbH. M...
2009-03-31 18:17:38
RD Group embarks on shipyard expansion
A homegrown shipbuilder is investing P250 million for a new facility in nearby Maasim town, Philippines to take advantage of growing transportation demand in the region. Gensan Shipyard and Marine Works, Inc., a subsidiary of the RD Group of Companie...
2009-03-31 16:03:54
Legal action against cancelled order
Petroleum Geo-Services has been hit with a surprise law suit after cancelling a newbuilding at a Spanish shipyard last week. Factorias Vulcano has launched the action against the Oslo-listed shipowner despite its failure to meet the delivery timet...
2009-03-31 07:42:47
Keppel secures new orders
Two Keppel companies have secured three contracts totalling about S$300m ($197.4m). Keppel Shipyard has won a deal from Single Buoy Moorings for the modification of the 1974-built, 273,193 dwt floating production storage and offshore vessel Capix...
2009-03-31 07:39:42
Dry dock, Qatar to open in 2010
The Deputy Premier and Minister of Energy and Industry, H E Abdullah bin Hamad Al Attiyah yesterday said the dry dock under construction in Ras Laffan was on track for start up in 2010. Construction there is on time. We are proud to see that we ar...
2009-03-31 07:26:00
Guangzhou shipyard merger called off
China's Guangzhou Shipyard International Co said on Friday it will call off a proposed $445 million acquisition of a shipyard from its state-owned parent as its shares have slumped in the global financial crisis. The company's board also approved dro...
2009-03-31 07:22:18
39 bulkers scrapped in February
Bulkers scrapped in February numbered 39 totaling 1.46 million dwt, staying at high levels as in January, according to a tally by British shipbroker Clarkson PLC. Breakdown of the scrapped bulkers by type are: one Capesize of 190,000 dwt, four Pa...
2009-03-30 07:12:51
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