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Samsung C&T into shiprepair yard in Angola
Samsung Group's key affiliate Samsung C&T Corporation has jumped into the shipyard repairing business in Angola. In April last year, Samsung C&T spent around 5 billion won worth of stake to acquire 40 percent of Lobinov, a state-run repair shipyard l...
2009-03-10 07:34:32
Greeks invested more than $400m in secondhand
Hellenic shipping companies have kept their leading position in the sale & purchase market for secondhand vessels after the first couple of months. Two separate ship brokers' report have verified this trend, which proves the resilience of Greek s...
2009-03-09 12:00:15
Yard death: Northern Turkey
A shipyard worker has died in northern Turkey after being hit by a falling sheet of metal. The sheet broke free from a winch at the unnamed yard, the Anatolian news agency reported on Thursday. It is the first death recorded at the Kocaeli Free Zo...
2009-03-09 07:54:56
Rio Santiago shipyard to avoid attachment
A US judge threw out an attachment effort Friday filed against Argentina's Rio Santiago shipyard over a delayed bulker. Federal Judge Laura Taylor accepted the yard's argument that the contract to build the 27,000-dwt Casanna (built 2008) did not ...
2009-03-09 07:48:37
Scrapping of aged VLGCs in progress
Demolition of aged large-size LPG carriers (VLGC) is in progress. BW Gas of Norway has sold for scrapping a 75,823-cu.m VLGC completed in 1981, the BW Sund, to a Bangladesh dealer at a price of $5.7 million or $260/ldt, according to foreign media rep...
2009-03-09 07:42:58
New shipyard project in stalemate, India
A delayed new INR 22bn ($424m) shipyard project proposed in Orissa, India, may need state intervention to solve a land dispute. The venture, known as Oceanic Shipyard Ltd (OSL) and established by Apeejay Surrendra Group and Bharati Shipyard, has s...
2009-03-06 07:44:30
Working conditions at Subic yard criticized
Workers at Hanjin’s Subic Bay shipyard in the Philippines are overworked, underpaid and unprotected, a local authority investigation has claimed. There have been 19 deaths and injuries to another 369 workers at the site since construction work b...
2009-03-06 07:30:27
French shiprepairer UNM files for bankruptcy
Leading French Mediterranean shiprepairer Union Naval Marseille filed for bankruptcy yesterday, claiming that “Mafia-style” union harassment had lost it the support of its Spanish parent, Boluda. The company, which had warned its works committ...
2009-03-06 07:16:24
Repair yard sale scrapped: Montenegro
Montenegro has cancelled the sale of shiprepair Adriatic Shipyard Bijela for the third time after the UAE-based bidder failed to come up with enough financial details. Yacht maker Abu Dhabi Mar (ADM) had agreed to buy the 61.57% stake in the yard ...
2009-03-05 07:48:51
Vale constructing bulk terminal in Oman
Brazilian mining giant Vale is building a 1-million-square-metre complex at Sohar that will position Oman as a pellet distribution hub serving steel plants in the Middle East, North Africa and India. As part of the project, Sohar International Develo...
2009-03-05 07:34:28
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