General
Yantar Shipyard wants more workers
Russia’s Yantar Shipyard is bucking the trend of redundancies in the sector by planning to hire up to 500 workers. Russian newspaper Kaliningradskaya Pravda said the Kaliningrad facility has just under 3,000 staff currently, but has taken on 130...
2009-03-16 07:33:41
ClassNK re-issues maintenance guide
Japanese classification society ClassNK has released the latest updated version of its booklet Good Maintenance Onboard Ships. First published in 1994, this latest version of the guide has been expanded to incorporate ideas and comments from port sta...
2009-03-13 16:11:40
Day of shareholders meeting: Korean yards
South Korea’s major listed shipbuilders held general meetings of stockholders on March 13th. At the meeting, Hyundai Heavy Industries reappointed Min Keh-Sik representative director and passed several other bills including financial statements a...
2009-03-13 15:45:39
Time to focus on R&D
Cost savings are dominating corporate agendas, but cutting back on research and development could result in businesses being ill-prepared for the upturn. When the economy was good, the industry was too busy to look at implementing many innovative ...
2009-03-12 07:26:04
Beijing urged to use tankers for oil storage
China Shipping (Group) Co President Li Shaode (pictured) told Reuters on Monday that he had proposed that the government use some of its foreign exchange reserves on floating oil storage because the onshore tanks were full. "The four onshore reser...
2009-03-11 16:23:34
Chinese yards join scrap ship buying spree
Chinese breakers have secured a string of deals despite offering prices well below those of competitors on the Indian subcontinent. With many owners rushing to sell their vintage vessels against the context of weak markets, there is ample tonnage ...
2009-03-11 07:27:43
ThyssenKrupp plans to sell Hellenic Shipyards
Listed German industrial conglomerate ThyssenKrupp is reported to be in talks with the Greek government to sell its Greek subsidiary Hellenic Shipyards (HSY) back to Greece in a move which would solve the ongoing argument around payment of submarines...
2009-03-10 13:37:04
Demolition prices rising, more ships scrapped
More bulkers are heading to breakers’ beaches after scrapping prices rose last week. Derivatives broker Imarex said seven handysize ships were sold for demolition to 6 March, with ages ranging from 25 to 42 years. Prices rose to between $275 and...
2009-03-10 11:55:02
Hyundai to build wind power generators
Hyundai Heavy Industries, the world’s largest shipbuilder, has further diversified with the signing of a government contract to build 10 wind power generators. South Korea’s Ministry of Knowledge Economy said that it was looking to reduce the...
2009-03-10 07:55:43
Target Marine awaits word of C& Heavy fate
Prominent Greek shipping company Target Marine is among the parties most interested to hear the fate of insolvent South Korean shipbuilder C& Heavy Industries, which is due to be clarified at the end of this week. The Piraeus-based dry bulk and conta...
2009-03-10 07:52:14
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