Mouth of Narmada turning into shipbuilding hub
The estuary of Narmada river, considered lifeline of Gujarat, is all set to become the lifeline for shipbuilding activities of India. In a move with far-reaching consequences, the Gujarat government has decided to develop the 12-km stretch south ...
Almost every big yard worldwide is facing similarly hard times. The seizure of the global credit markets hammered the freight market last year. The Baltic Dry Index (BDI), a gauge of the cost of shipping bulk commodities such as grain and coal and a ...
Fledgling Turkish yard delivers mega-yacht
Turkey's Yay Shipyard has delivered its first project, a 65-metre megayacht built in the Kocaeli Free Zone in Izmit. The yacht, reportedly costing EUR 40m ($52.6m), is called Nourah of Riyadh (Riyadh's Splendour) and was built for Prince Mohammed ...
Gdynia waits after floating 'last ships'
The main dry dock at Poland's largest shipbuilder, Stocznia Gdynia, lies empty with its future hanging in the balance following the launch of its last two newbuildings. Potential bidders had until this week to register their interest and place a d...
Sietas opts to build ferries rather than boxships
The boxship order slump has forced a German yard down the ferries route. Loss-making German shipbuilder JJ Sietas has moved into building passenger/car ferries after being mauled by containership cancellations. The yard secured a contract from ...
Lloyd Fonds rejigs newbuilding deals
A German ship-fund manager is in talks to lower prices and delay delivery dates. Investment-fund initiator Lloyd Fonds has succeeded in negotiating new deals for eight panamax containerships under construction in China. Yet the fate of four larger...
Laskaridis may cancel 7 panamaxes
Laskaridis Shipping of Greece says it "may consider cancelling" a series of seven panamax-bulker newbuildings at a Chinese yard ordered at well over $290m. They were booked at Penglai Zhongbai Jinglu Ship Industry but the yard looks like it will b...
Samjin delivers 6,700-unit PCTC
Samjin Shipbuilding Industries at its Weihai shipyard in China on April 29th delivered the 6,700-car-capacity pure car truck carrier (PCTC) which was ordered from Norway’s Dyvi A/S on October 24th 2006. The ship has a length of 200m, breadth of ...
GSI profit falls 50%
Guangzhou Shipyard International Co., a unit of China's biggest shipbuilder, said first-quarter profit fell 50 percent because of higher prices of steel plates. Net income for the three months ended March 31 declined to 129.3 million yuan (US$18....
Keppel cancels new orders
Keppel Corp has been forced to cancel a newbuilding order worth SGD181m ($122m) after the owners failed to finance the project. The Singapore yard said it had received a notice from Romanian company GSP Titan to terminate the shipbuilding contrac...
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