General
R&D surge amid cost squeeze
Amid concern about liquidity squeeze, South Korea’s large shipbuilders are sharply increasing the investment in research and development activity this year. As new orders ground to a halt, cashable assets are decreasing and staffs and employees ...
2009-03-19 06:23:16
Scrapping industry clean-up
Bangladesh is following in India’s footsteps in a bid to clean up its shipbreaking industry. The High Court has ordered the Department of Environment (DOE) to close breaking yards which lack environmental clearance, national media reports. Th...
2009-03-18 13:56:32
Brittany’s bid to acquire SeaFrance
French owner Brittany Ferries has offered EUR 62m ($80.53m) to take over struggling cross-Channel compatriot SeaFrance. The offer will involve the loss of 400 jobs, French media report, rather than the 650 job losses (40% of the workforce) envisio...
2009-03-18 13:54:00
MAN warns of engine reactivation challenges
Long lay-up of tonnage could create reactivation challenges, according to experts. As the number of vessels likely to be mothballed escalates, there are concerns over the impact of long storage on modern engines, as well as the risk of a rush in r...
2009-03-18 07:25:13
UK maritime engineering riding the storm
Maritime engineering in the UK is beating the worst of the economic crisis, as facilities involved in the design, build, maintenance and dismantling of vessels continue to see high levels of activity. Much has to do with the UK government’s desire ...
2009-03-18 07:20:50
Aros Maritime merges with Euroflex
The repair yard Aros Maritime and the maritime and industrial company Euroflex are now joined under the name Euroflex. The merging will among other things mean that maintenance of ships in the future can be made at the shipyard and onboard sailing sh...
2009-03-17 15:43:29
GTT and Alstom resolve three-year ship dispute
A long-running arbitration between Gaztransport & Technigaz (GTT) and former French shipyard owner Alstom appears to have been settled. While all parties are bound by French law not to speak about the dispute resolution, indications are that GTT appe...
2009-03-17 07:05:39
Scrap on the rise with traditional buyers busy
Scrap prices are on the rise again, with all the recycling nations active buyers. The highest prices are currently being achieved in Bangladesh, where Sovcomflot subsidiary Novoship is said to have sold its Zaliv-built, 69,000-dwt tanker Aleksandr...
2009-03-17 07:00:57
High tech is vital
Korean shipbuilders are diversifying and introducing new advanced shipbuilding technologies to continue growing in a hostile business environment. Samsung Heavy Industries said yesterday that it has completed construction of the world’s largest ...
2009-03-16 07:52:21
Jobs at risk: Keppel Cebu
Up to 400 shiprepair workers at Keppel Cebu Shipyard in the Philippines could face the axe as the focus turns to shipbuilding. The Singapore-owned yard’s president David Loh said in a memorandum to staff that it has to reduce its workforce due t...
2009-03-16 07:37:27
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