Still alive Tsuji : Clippers' bulkers
Denmark's Clipper Group may still take delivery of some of its 30 handysize bulkers ordered at Tsuji Heavy Industries if the Chinese government's shipyard-stimulus package keeps the facility in business. Clipper began ordering the vessels almost thre...
Aid package evokes fears
Rivals are afraid Beijing's stimulus package will blot the playing field. Concern is mounting that China's stimulus package for the shipbuilding industry is set to keep defunct yards afloat and prolong the recession. The package, which amounts to ...
Huarun Dadong halts dock plans
A Chinese yard has axed a dry-dock project in the wake of a state ban on capacity expansion. A Chinese shipyard has dropped plans to build a 300,000-dwt dry dock that would have been dedicated to shiprepair. Huarun Dadong Dockyard has stopped the ...
Turkish yards biting nails as orders fade
Turkish shipyards, which have ballooned in number from just 37 in 2003 to over 130 today, are seeing orders slip between their fingers as they wait for government support. Metin Kalkavan, head of the Turkish Chamber of Shipping, told Turkish daily Du...
BG in talks with Hudong-Zhonghua : LNG carrier
BG Group has held talks with a Chinese shipyard that is pioneering the country's development of LNG carriers. The UK-listed energy company could be among the first non-Chinese companies to order an LNG newbuilding from Hudong-Zhonghua Shipbuilding. ...
Koexim asked to support
South Korean shipbuilders that are receiving requests from shipowners for delayed payment and change in contracts as the owners feel the pinch amid global financial crisis, asked the Export-Import Bank of Korea (Korea Eximbank) and the Korea Export I...
Only four orders: Norwegian in 2009
Only four orders have been placed at Norwegian yards in 2009, and the order intake is still low, according to the yard association Norske Skipsverft. However, the total value of the industry’s order book is NOK 55 billion (EUR 6.3 billion). "It...
Philly delivers sixth product tanker
Aker Philadelphia Shipyard delivered its sixth MT-46 Veteran product tanker to American Shipping Company today. The vessel will leave the yard under the operation of OSG America and will be used to transport petroleum products for Tesoro. It is t...
Mahindra forays into boat manufacturing
The Mahindra Group has announced that its initial entry into boat manufacture. It will be establishing a presence in the high potential fiberglass power boat and catamaran manufacturing industry. Mr Zhooben Bhiwandiwala executive VP of Mahindra & Mah...
Austal wins order for patrol craft from Malta
Austal has secured its first European defense contract with an order for four 21.2 m inshore patrol craft-plus training and spares support-for the Armed Forces of Malta (AFM). According to a stock exchange announcement the contract is worth € 9....
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