Shipbuilding
Restructuring into higher gear
In South Korea’s shipbuilding industry, the scale of restructuring appears to be widening for the entire shipbuilders. While many say the first round of restructuring ended in an anticlimax, it is highly likely that large-scale second phase of r...
2009-01-23 06:15:59
Sungdong eyes 33: KRW3.3trn in revenue & 33 vessels complete
Sungdong Shipbuilding & Marine Engineering, South Korean emerging shipyard which is rapidly growing into major class, set its business target for 2009 much higher against last year. Sungdong recently announced that it aims to achieve revenue of KR...
2009-01-22 13:45:56
Shipbuilders dispel recession fears: Bangladesh
Shipyards in Bangladesh still receive enquiries from foreign buyers about building small vessels despite a downturn in the global shipbuilding industry amid an economic recession and uncertain demand outlook this year. They however said buyers now of...
2009-01-22 12:22:18
BigLift signs five newbuildings at China
BigLift, the Dutch heavylift specialist, has ordered a series of five heavylift vessels at China’s Zhejiang Ouhua Shipbuilding. The five vessels are due to be delivered between July and December 2010. No financial terms were disclosed. BigLif...
2009-01-22 07:28:15
BSHIC’s first 297,000-ton VLCC is off to seatrial
Recently, the first 297,000-ton VLCC of Bohai Shipbuilding Heavy Industry (BSHIC) has made smooth seatrial. Cadres of BSHIC came to Pier 4 to see off the maiden voyage of this steel "giant". The first 297,000-ton VLCC successfully accomplished...
2009-01-21 22:53:07
Shipbuilding order volume sharply shrinking
World’s December 2008 order-receipts amounted to 210,000 dwt, a 99% decrease against December 2007 and a 79% drop against November 2008. World’s 2008 order-receipts totaled 153.06 million dwt (42.44 million CGT), a 40% drop against 2007. Bulk ...
2009-01-21 16:10:52
COSL’s 90% drillilng ship contract has been decided
China Oilfield Services Limited (COSL), the subsidiary of China National Offshore Oil Corp (CNOOC), announced on January 21st, CNOOC’s 2009 capital expenditure budget is CNY 12.88bn of which over 70% will be spent the same way as before. COSL has i...
2009-01-21 15:16:07
Jiangsu Dongfang agrees to cancel 6 bulkers
China's Jiangsu Dongfang Shipbuilding announced on Jan. 16 that it will agree to the cancellation requests from two shipowners for a total of six 37,500-dwt bulkers. The down payments made by the shipowners for the six ships will be applied to other ...
2009-01-21 12:34:03
No newbuilding orders till March: SCI
State-run Shipping Corp of India (SCI) has put orders for new vessels on hold till March but its long-term plan to buy 40 vessels by 2011/12 is on track, a top official said on Tuesday. "We have decided not to order till March but we are taking de...
2009-01-21 10:53:23
Ro-ro newbuilding cancelled at Spain's Navantia
Acciona Trasmediterranea has cancelled a ro-ro on order at Navantia shipyard. Acciona spokeswoman Esperanza Garcia Gomez says the Spanish ferry operator and the compatriot yard came to agreement to cull the newbuilding. The vessel is the third 3,5...
2009-01-21 07:34:31
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