General
Troubled Kanasashi upsets related industries
The filing by Kanasashi Heavy Industries for bankruptcy protection with a court under Japan's Corporate Rehabilitation Law is raising tensions in the relevant industries and in the local community. For the time being, Kanasashi will continue runni...
2009-04-15 07:47:22
Bangladesh shipbreakers may go on
Bangladeshi breakers’ yards are not expected to close as the result of last month’s High Court ruling, according to the trade’s main opponents. Despite ruling that all yards without environmental clearance must be shut down by Thursday, the...
2009-04-15 07:16:16
Shiprepair yard construction begins in Vietnam
Construction on the US$250 million Nosco-Vinalines ship repair plant kicked off in Yen Hung District, northern Quang Ninh Province, Vietnam. Attending the ceremony was Deputy Prime Minister Hoang Trung Hai, who had requested the plant’s investor...
2009-04-15 07:05:59
Diversification spree
South Korean shipbuilders are seeking business diversification in a bid to reduce reliance on shipbuilding amid newbuilding order drought. Big four, namely Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering, Samsung Heavy Industrie...
2009-04-15 06:16:22
Hyundai buys Russian farm
Hyundai Heavy Industries Co., the world's largest shipbuilder, said Tuesday that it bought 67.6 per cent of a Russian farm for US$6.5 million, to grow corn and soybeans as part of efforts to diversify revenue sources. The farm is located in Khoro...
2009-04-14 16:37:00
Korea reshuffles 10 industries including shipbuilding
South Korean government is planning to restructure ten representative industries in the country over the mid- and long-term, a confidential government report exclusively obtained by a local media said yesterday. The Knowledge Economy Ministry wrote t...
2009-04-14 15:37:48
Demolition sales slow
THE relentless supply of vessels facing demolition, coupled with the steel price crash and potential yard closures hanging over the heads of Bangladeshi ship recyc­lers, ensured that last week became perhaps the slowest week in recent months. Wit...
2009-04-14 11:14:32
Scrapped exceeding newly-built
Amid severe economic slump, the number of ships being scrapped is outpacing that of newly-built ships. This may be a relieving factor for the worries of tonnage oversupply in shipping industry. According to statistics from Clarkson Research Servic...
2009-04-14 06:25:54
UN SG Wife sponsor ‘World Harmony’
Yoo Soon-taek (right in the picture), wife of Ban Gi-mun, the United Nations Secretary-General and Chantal Mitropoulos, wife of IMO Secretary-General Efthimios E. Mitropoulos stood sponsors to a pair of 74,000-dwt product carriers. The naming cere...
2009-04-13 14:57:29
Chinese delegation calls on Pakistan
A Chinese delegation headed by Vice President of China Shipbuilding Industry Corporation (CSIC) and Chinese Ambassador Luo Zhaohui called on President Asif Ali Zardari at Aiwan e Sadr Friday. Shao Kiawen, Vice General Manager CSIC, briefed the Presid...
2009-04-13 07:39:07
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