Shipbuilding
Tough future comming
Shipbuilding companies face tough future In the 2000s, the shipbuilding business was a cash cow for Korea Inc., which accommodates many of the world's foremost players. However, the flourishing segment was hit hard by the global financial dis...
2010-08-23 09:51:25
Jiangdong ends order drought
A newbuilding contract placed by UK owner Graig Shipping has ended the order drought at China's Jiangdong Shipyard. A Jiangdong manager confirms the order for four double-hull handysize bulkers of 35,000 dwt. It is said to have been inked in June...
2010-08-23 07:21:31
Orderbook, Orders & Output Fall
Global newbuilding order backlog, newly contracted orders and newbuilding deliveries all decreased in July month-on-month with newbuilding prices edging up alone. Orderbook continued to fall and stood at 7,615 ships of 479.6m dwt as of August 1st....
2010-08-23 06:35:32
Taizhou: Breaking through crisis
Taizhou is well-known as a private shipbuilding base in China. As global financial crisis came, the shipbuilding industry mired in unprecedented recession. Fortunately the Taizhou has passed crisis through effective measures and strategy. Wenling,...
2010-08-23 01:02:35
Maersk in talks for newbuildings
AP Moller-Maersk Group chief executive Nils Smedegaard Andersen (above) has denied that the Danish giant has come under pressure to order a new range of post-panamax vessels to maintain its position as the No. 1 liner-shipping player. Andersen co...
2010-08-20 11:18:19
Rongsheng pens first VLCCs
Jiangsu Rongsheng Heavy Industries has broken into the VLCC sector after securing an order from Greece's Cardiff Marine. Sources close to Rongsheng say George Economou’s Cardiff Marine has inked a pair of 320,000-dwt newbuildings at the private...
2010-08-20 11:05:05
HHI wins Dong-A capes
South Korea’s Dong-A Tanker is taking advantage of attractive yard prices to boost its fleet. Sources say the Busan-based owner has returned to Hyundai Heavy Industries for two more capesize bulkers. The latest order brings to seven the number ...
2010-08-20 11:01:12
CSIC keeps uptrend
On August 18th China Shipbuilding Industry Corporation (CSIC) issued ‘Social responsibility report 2009.’ Deputy Manager Qian Jianping of CSIC said they would fully focus on social responsibility. Qian said CSIC invested more on research and d...
2010-08-20 01:03:48
S&M yards face challenge
Chinese shipbuilding market seemed to had stepped out of recession in the first half year. The amount of new orders was the four times of that in last year. However, it was not optimistic. The situation of Western economy was unclear. The oversupply,...
2010-08-20 01:03:06
NTS to use Friendship-Framework
Chinese shipbuilder New Times Shipbuilding (NTS) has signed a contractual agreement with GL's maritime software developer Friendship Systems. The contract includes the licensing of engineering software and design support for the development of a lar...
2010-08-19 08:30:25
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