World orderbook heading for worst year
Newbuilding orders are headed for their worst year since records began. According to London broker Clarkson, only seven contracts totalling 200,000 dwt were reported last month. Clarkson says the situation so far this year appears to be worsening....
Hyundai eyes $10.5bn
South Korea’s Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder, revealed it aims to receive new orders worth some $10.5bn in shipbuilding and offshore sector for 2009. The target is 32.6% lower than last year’s actual order-in...
Out of the worst season
Newbuilding market is showing sings of getting out of the worst situation. In Japan it is said newbuilding inquiries are increasing. It seems stabilizing dry bulk market and declining newbuilding prices are contributing to the movement. Shipbui...
3 dredgers cancelled at Asia HI
Belgium’s Jan De Nul NV has reportedly cancelled three dredging vessels on order at South Korea’s Asia Heavy Industries. The ships were scheduled to be delivered to the owner from August to December last year but the construction of the vessel...
Shipyards share the work
Scottish shipyards and their workforces have had their futures for the next decade secured with defence contracts. Two Clyde yards — Govan and Scotstoun — will share in some of the work on the £4.2bn ($6.1bn) contract to build tw...
Gdynia shipyard unveils car freighter
The third-to-last ship to be produced at the Gdynia shipyards on the Baltic Sea was unveiled Wednesday. The automobile freight ship has thirteen inner decks, is 200 metres long and is the height of a 10-story building. It has the capacity to trans...
ThyssenKrupp cuts work hours at shipyards-union
ThyssenKrupp is shortening work hours at its two key shipyards in north Germany, union IG Metall said on Wednesday. Wolfgang Maedel, IG Metall's regional head in northern Germany, told Reuters the shortened work hours programme will start in April...
Daehan launches its fifth ship
Daehan Shipbuilding of South Korea on March 26th held a launching ceremony for a 170,500-dwt bulk carrier. The ship floated this time was the fourth of the eight bulkers ordered by Norway’s Golden Ocean Group and it is the fifth ship Daehan buil...
Hyundai Lifeboats completes No.2 Factory
Hyundai Lifeboats, South Korea’s only manufacturer of lifeboats and other special vessels, said on March 25th that it held a ceremony for the completion of its No. 2 Factory after 18-month-long construction, and started operation of the plant in ea...
ADNOC signs 13 newbuilds
Abu Dhabi National Oil Co. shipping subsidiary Abu Dhabi National Tanker Co. has signed contracts for the construction of 13 new ships for its fleet. All are scheduled for delivery by yearend 2011. "ADNOC has signed shipbuilding contracts with F...
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