General
STX Europe warns of job cuts at Turku
Steel workers at STX Europe’s Turku yard in Finland face lay-offs as the yard struggles to find new orders. The West Finnish yard is currently completing the two largest cruiseships in the world, both Oasis-class vessels for Royal Caribbean Lin...
2009-01-16 07:15:56
Chengxi brings in 170K Floating Dock
Chengxi Shipyard under China State Shipbuilding Corp. (CSSC) Group has reportedly introduced a 170,000-ton floating dock at its ship repair subsidiary Jiangsu Xinrong Ship Maintenance late last year, according to local Chinese reports. It seems that ...
2009-01-15 07:24:53
Aker Philadelphia achieves 110% ROI with Kronos software
Nucleus Research analysts have independently examined the deployment of Workforce HR and Workforce Payroll software from Kronos® Incorporated at Aker Philadelphia Shipyard to find a return on investment (ROI) of 110% with payback in 11 months time. ...
2009-01-15 07:08:26
SMM Istanbul backed by Turkish government
SMM Istanbul has the full support of the Turkish Government. This is the first SMM Istanbul, and is to be held at the centrally located Lütfi Kirdar Convention & Exhibition Centre (ICEC) on the European side of Istanbul, from 21 to 23 January 20...
2009-01-14 07:57:20
Shipbuilding contributes $7bln to Russia's annual arms ...
Shipbuilding contributes up to $7 billion to the annual portfolio of orders of Russia's state-run arms exporter Rosoboronexport, an executive at the government hi-tech corporation Rostekhnologii said Tuesday. "This sum relates to the Rosoboronexpo...
2009-01-14 07:52:41
Fairhaven invests $12 million in expansion
US Fairhaven Shipyard has invested more than $12 million in a semi-submersible barge that could enable the firm to more than double its work force in the next two years. The semi-submersible barge, dubbed the Faithful Servant, is now moored at the...
2009-01-14 07:48:32
Stocznia Gdynia to launch redundancy program
Poland’s Stocznia Gdynia shipyard has launched its redundancy program ahead of an asset sale to repay illegal state aid. Employees have until 26 January to sign up in the first phase, giving them more cash than if they were to resign later. Soli...
2009-01-14 07:39:46
STX France to introduce short-time working
STX France is to introduce short-time working for 750 employees in March and April, following a fall in workload at its flagship Saint Nazaire shipyard. After last month’s official cancellation of one of the two 2,100 cabin, Freestyle 3 vessels...
2009-01-14 07:21:01
STX Europe expects growing market for retrofits
Vesa Marttinen, VP of Lifecycle Services at STX Europe, expects the market for retrofits and refurbishments to grow significantly over the next few years as a consequence of new rules and the need to modernize current vessels. “There is a tremendou...
2009-01-14 07:04:51
"The set of a Hollywood disaster movie": Clarkson's war...
2008 will almost certainly go down in the history books as a year of records. Capes started the year earning $130,000/day and handymaxes $60,000, according to Clarkson’s latest weekly report. But by February, rates were down 40% and earlier warn...
2009-01-13 11:16:53
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