General
Rio Tinto sheds 700 jobs
Rio Tinto is axing over 700 jobs as it slashes production and cuts back expansion as metal prices and demand slump. An Australian alumina and aluminium unit of the mining giant warned that “at current prices around 70% of the industry is current...
2009-04-08 07:32:53
Hapag-Lloyd to ax UK jobs
Hapag-Lloyd is planning to outsource its UK documentation offices to its global service centres in India and China. Shipping sources said the company was still in negotiations with staff representatives. The talks would take at least another two ...
2009-04-08 07:25:08
Brazil Maua shipyard sheds 200
With a lack of large-scale orders, Brazil's Maua shipyard plans to cut 200 jobs. The Niteroi Steelworkers Union says the Rio de Janeiro-area shipyard began the job cuts last week, the Agencia Estado newswire reports. The cuts amount to 3.8% of ...
2009-04-07 11:14:03
Swan Hunter cranes leave for India
One hundred and forty-five years of production at Swan Hunter, one of the world's most famous shipbuilders, has ended after its last cranes left the Tyne bound for India. More than 1,600 vessels have been built at the firm's yard in Wallsend, No...
2009-04-07 11:12:05
Workers urge SSW rescue plan
Employees and metal workers union IG Metall have urged the owners of bankrupt SSW Schichau Seebeck Shipyard in Bremerhaven to come forward with a joint plan to rescue the operation. The shipyard, which is owned by the investors Karl-Heinz Jahncke,...
2009-04-07 07:30:34
Keppel Cebu sheds off 91 workers
Keppel Cebu Shipyard, a wholly owned subsidiary of Keppel Philippines Marine, Inc. (KPMI), has implemented a redundancy program for employees as it refocuses on specialized ship building and exit from ship repair. In a statement issued on Friday,...
2009-04-07 07:12:02
Welcome to Shanghai Expo
Beijing had its "coming out" ceremony last year with the Olympics but its younger, and more vivacious sibling, Shanghai, is aiming to match the capital with its own grand entrance onto the world stage with the 2010 Expo. And it seems that ships, ship...
2009-04-06 07:47:39
Indian elections, trouble for ONGC
The Indian elections are expected to compound recent delays in hiring offshore vessels and rigs for state-owned Oil & Natural Gas Corp (ONGC). Sources say that since the elections were announced, ONGC has held off issuing several tenders crucial t...
2009-04-06 07:38:26
Korean face challenging
South Korea is the world's leading shipbuilding nation, with a market share of 36% and an order backlog of 214 million dwt. According to London broker Clarkson, the country recorded its highest ever level of orders in 2007, with 1,216 newbuildings...
2009-04-06 07:20:57
Germanish desperate
The 'golden times' are over after the cancellation of 51 newbuildings with more at risk. German shipbuilding faces a crisis situation, with a total of more than 60 newbuildings either cancelled or at risk over financing. The "golden times" of buil...
2009-04-06 06:37:37
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