Shipbuilding
Building new ships, Russian priority
This year the federal program "Development of Transport System of Russia (2010-2015) has started. In this regard, the emphasis in the field of maritime transport will be placed on the construction of new vessels, Igor Levitin, Russian Minister of ...
2010-02-01 07:09:54
Dogged hardship
A slim chance that a supply glut of ships will be solved and newbuilding orders will resume continues to produce gloomy prospects for shipbuilding industry. In the wake of economic recession caused by global financial crisis, reduced demand for n...
2010-02-01 06:51:32
Deliveries to fall over 10%
As the volume of ships to be built this year is expected to decrease, the demand for steel plates is also forecast to decline with the recession in shipping and shipbuilding industries impacting on the steel industry. According to the Clarkson Re...
2010-02-01 06:44:31
Chinese shipowners ‘stingier’
“China’s shipbuilding industry may come across toughest time ever in the next two years,” said Mr Zhu Jingyang from Zhoushan Wanbang Yongyue Shipbuilding. The company’s business volume dived by 50% this year. The Chinese owners seemed ...
2010-01-29 15:51:22
MOL inks cape pair
Japan's Mitsui OSK Lines (MOL) has resumed ordering newbuildings after an 18-month hiatus with an order for two capesizes, according to local reports. The owner has been tempted by tumbling ship prices and rising freight rates to break its self-im...
2010-01-29 15:27:14
Greek orders kamsarmax at STX
Greek shipowner E Nomikos Corp has re-entered the newbuilding market after a 30-year absence with an order for kamsarmaxes. Director Dimitris Alifragis confirms the company inked one 81,000-dwt bulker plus one option at STX O&S of South Korea with...
2010-01-29 14:06:23
Russian rush for new ships
Russia’s Murmansk Shipping has confirmed it plans to buy four chemical tanker newbuildings from the domestic Sevmash shipyard. The 43,000-dwt vessels are still being built at the yard despite Norwegian owner Odfjell cancelling its contracts for...
2010-01-29 08:21:41
Hyundai Mipo profit down 27%
Adjustments in shipbuilding schedule and a rise in raw material prices have hurt Hyundai Mipo Dockyard’s balance sheet. The Seoul-listed shipbuilder, a unit of Hyundai Heavy Industries Group, saw its bottom line (net profit) slump 27.1% to KRW ...
2010-01-29 07:45:21
Break through bottleneck
Regardless of financial crisis, China has replaced Korea’s leadership in shipbuilding industry in terms of order intakes. In 2009, the newbuilding output of China increased by 40% against 2008. But compared to Korean rivals, Chinese shipbuilders...
2010-01-28 14:11:00
155 cape deliveries to slip
Estimates of capesize bulkers set to enter the market this year are "too aggressive", Dahlman Rose's shipping analyst said Wednesday. Omar Nokta estimates that just 200 capes will enter the fleet in 2010. His figure is far lower than the 355 newb...
2010-01-28 08:07:31
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