Shipbuilding
Korea steps down as No. 1 ?
China is about to dethrone South Korea as the world’s largest shipbuilding nation in terms of orderbook. While Chinese shipbuilders win new orders on the basis of domestic newbuilding demand and South Korean counterparts accelerate ship deliveri...
2009-08-27 06:20:36
Fatal accidents on made-in-China ships
Recently, about 30 same-type ships built at Xiangshan area of Zhejiang province, China, have been involved in main engine crankshaft accidents following one after another, less than two years after they were constructed. The main engine crankshaft...
2009-08-26 09:23:55
Kawasaki launches San-E bulker
Kawasaki Shipbuilding Corporation of Japan launched Tuesday the Queen Kobe bulk carrier for San-E Maritime Corporation at its Kobe Shipyard. The newbuilding, identified as Kawasaki hull No. 1617 and the 28th 55,100-dwt bulk carrier developed by t...
2009-08-26 07:34:03
Sungdong cape orderbook down
South Korea’s Sungdong Shipbuilding & Marine Engineering has recently won its first large bulker order this year, with a newbuilding deal for four 180,000-dwt capesize bulkers from Brazil’s iron ore producer Vale. The shipbuilder said that re...
2009-08-26 07:20:52
Iran invests $20bn in shipbuilding
According to local media reports on August 22nd, Ali Akbar Mehrabian, Minister of Industry and Mines of Iran said in a launching ceremony for a 35,000-dwt oceangoing vessel, Iran's second home-built ocean liner, that Iran's oceangoing fleet totaled j...
2009-08-26 06:28:13
Turning eyes to shipbreaking
According to statistics from Nanjing Customs District People's Republic of China, Jiangsu port imported old ships for scrap from Japan, Europe and South Korea in the first half of the year, which amounted to 493,000 tons, 116,000 tons and 99,000 tons...
2009-08-26 06:20:53
Iran’s fledgling yards set a milestone
Iran's second home-made oceangoing ship named 'Iran Arak' has been launched in the southern waters of the country in a ceremony attended by Iranian President Mahmoud Ahmadinejad. The ship was made by Iranian experts and at the Industrial Developme...
2009-08-25 09:04:29
Indian yards face cancellation threats
The risk of cancellation for delayed delivery is the worst nightmare for a shipyard in falling market. But the risk is increasing for Indian Shipyard. The owner walks away with advance, and shipyard has to work really hard to minimize loss. ABG Sh...
2009-08-25 08:41:08
Longer slump, tougher rivalry
Shipbuilding market recovery is yet far away, some industry experts claim. First, demand for ultra-large containerships over 10,000-teu class, which have been South Korean major shipbuilders’ main products, is expected to dwindle going forward. ...
2009-08-25 08:34:06
Chinese need reform: over-capacity
Amid continued over-capacity in shipbuilding industry, investment in fixed assets had risen 55.5% in China in the first five months of this year, indicating blind investment is remarkably widespread. According to recent statistics released by Chin...
2009-08-25 08:21:25
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