Alcock left with four ships as Norwegian buyer backs out
Alcock Ashdown (Gujarat) Ltd, the shipbuilding firm owned by the Gujarat government, has been left with four ships after a Norwegian buyer walked away from a Rs301 crore deal citing high costs even as tight credit lines and a deteriorating global eco...
Kherson Shipyard launches dry cargo carrier built for Sea Pi...
The Kherson shipyard (Ukraine) launched a dry cargo carrier Kaya Pioneer project DCV16 built for Sea Pioneer LTD (Great Britain), the vessel designer, Marine Engineering Bureau (Odessa) reports. Vessel's Ukrainian Maritime Register class notation is ...
STX Europe laid cruiseship keel
The keel of Allure of the Seas, the second in the series of two of the world's largest cruise ships was laid on Dec. 2 at the Turku yards of STX Europe. The keel laying ceremony marked the placement of the very first block of Allure of the Seas in th...
Hanjin pushes ahead on Philippine shipyard
South Korea's Hanjin Heavy Industries & Construction is proceeding with its plan to build a $2 billion shipyard project in the southern Philippines, Trade Secretary Peter Favila said Tuesday. “Company officials told me that they are proceeding with...
Dropping order-receipts will adjust ship prices
The global financial crisis’ impact on the shipbuilding industry started to appear since 2008, such as worldwide economic slowdown, sagging shipping freight rates and fall back in prospect of shipbuilding industry. It is anticipated, over 2008-2009...
Credit crunch bites into Cosco bulker orders
Cosco Corporation (Singapore) has announced that its subsidiary, Cosco (Dalian) Shipyard has agreed to cancel ship building contracts for two 57,000-dwt bulk carrier vessels and postpone the construction of three other similarly sized vessels as a re...
CMA CGM China will not cancel any newbuild order
Recently CMA CGM (CHINA) Co.,Ltd. has announced that the global financial crisis has not affected its newbuilding order-recipts, and it will adhere to the construction of 77 units of newbuildings on its orderbook. CMA CGM said it has absolutely no in...
Golden Ocean scales back shipbuilding plan
Bulk shipping company Golden Ocean posted a bigger-than-expected rise in third-quarter underlying net profit on Monday, and said it aimed to reduce, postpone or refinance its $1.6 billion shipbuilding programme. Underlying net profit, which excludes ...
Creditors OK debt rescheduling plan
Creditors of C& Heavy Industries Co., a shipbuilding affiliate of South Korea's C& Group, said Wednesday they temporarily approved a plan to reschedule debts owed by the shipbuilder. The creditors, led by Woori Bank, said they would allow C& Heavy...
China’s JES International seeking clarification
China’s JES International is seeking clarification from troubled shipowner Parkroad over a series of four panamax bulker newbuildings. It says it has written to Parkroad to enquire whether its current financial problems will have any bearing on ...
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