CSSC plans 9.6Mil dwt Newbuilding: Shanghai
The shipbuilding volume of Shanghai-based shipbuilders under China State Shipbuilding Corporation (CSSC) is expected to record at 9.6 million dwt this year. According to the report, CSSC’s general manager, Tan Zuojun has recently revealed 2009 ship...
Chinese get stimulus package
Chinese shipbuilders are set to receive a boost from a financial stimulus package being put together by the government. The stimulus package, hammered out by the country’s Ministry of Industry and Information Technology, National Development and...
Battle for territory: European yards fight their corner
Specialist European facilities are preparing to face increased risks as bigger players move into their sectors. Niche shipyards building offshore vessels, dredgers and other high-value ships could face further challenges as mainstream yards look t...
German shipbuilders suffer from order slump
German shipbuilders saw the lowest order intake since 2001 last year. The German shipbuilders’ association VSM said that yards received orders for just 46 vessels worth €2.9bn ($3.8bn) in 2008, compared to 79 orders in 2007. “The orderbook h...
“Optimistic”, STX Europe CEO says
STX Europe is well-placed to ride out the current financial downturn, says its chief executive Torstein Dale Sjøtveit. As shipowners call a halt to ordering new vessels amid the global economic crisis and rapidly growing overcapacity, shipbuilder...
Vietnam’s shipbuilding on the rise
At a time when a host of difficulties are emerging for the world’s largest shipbuilders, experts have questioned Vietnam’s shipbuilding industry, especially in the face of the global economic slump and the absence of a sustainable development pla...
Fujian Province showed rapid growth in vessel exports
According to the custom’s statistics, Fujian province’s 2008 total vessel exports amounted to USD 1.23bn with 1.685 million units, an 86.6% and 110% increase against 2007 respectively. The main features of exports are : 1. Processing trade ex...
China occupied 30% in world shipbuilding market
According to the Ministry of Industry and Information Technology (MIIT) of the People’s Republic of China, Chinese shipbuilding industry showed outstanding operational results and China’s major economic indicators showed rapid growth continuously...
China 2008 profit increased by 50%
According to the latest news from Ministry of Industry and Information Technology of the People’s Republic of China (MIIT) on February 2, despite the various challenges, such as continuous fluctuations of raw material price including steel and appr...
Majors secured $48.2bn orders in 2008: South Korea
In 2008, South Korea’s major shipbuilders belonging to the Korea Shipbuilders’ Association (Koshipa) received newbuilding orders for 467 ships of 14.02m CGT worth $48.2bn, down 40.7%, 32.4% and 31.8% year-on-year respectively, amid global shipbui...
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