Shipbuilding
Loksa lays off all
Estonian shipyard Loksa Laevatehas has announced that it will lay off all its 525 employees because of lack of orders. The company's head of personnel said that redundancies will be phased. Andrei Akulistyi, chairman of the company's superviso...
2010-01-28 07:46:42
SCI orders pair in China
State-run Shipping Corp of India (SCI) said yesterday it has signed a deal for construction and delivery of two 47,000-dwt medium-range (MR) product tankers. SCI has inked the agreement with China Changjiang National Shipping Group Corporation Ji...
2010-01-28 07:31:14
China faces market shuffling
On January 24th , MT XINPUYANG, China’s largest very large crude oil carrier (VLCC) built by Guangzhou Longxue Shipbuilding, was delivered to China Shipping. The tanker will start its maiden voyage for Middle East. As is known, the order backlog...
2010-01-27 14:56:45
Hyundai Mipo busy till 2012
Korea Investment & Securities said today in its report related to Hyundai Mipo Dockyard, “Recently, freight rates for products carriers have surged, surpassing the level shown last year and new order prospect is getting brighter while Hyundai Mipo...
2010-01-27 14:32:38
Samsung targets less
Samsung Heavy Industries announced today that it has set its order target for 2010 at $8bn, down 20% from last year’s target of $10bn. The South Korean major shipbuilder had aimed to win $10bn worth of orders in 2009 but it secured just $1.4bn w...
2010-01-27 13:44:38
21st Century denies orders cancellation
Laskaridis Shipping denies it is negotiating the cancellation of three bulker newbuildings at South Korea’s 21st Century Shipbuilding, foreign media reports. The Greek owner was reported on Friday to be pushing for the cancellation of the contr...
2010-01-27 07:55:09
Mixed prospects over bulker deliveries
Yet another report on the issue of dry bulk tonnage supply this week, sends mixed emotions for ship owners and investors alike, as analysts seem to share divided notions on the issue, which will in a large part determine the course of the Baltic Dry ...
2010-01-27 07:28:04
Hegemann wins LOI to build ropaxes
German shipyard group Hegemann has secured a letter of intent from ferry operator Scandlines for a pair of ro-ro/passenger ships. No price has been disclosed for the newbuildings but broking sources estimate it to be around EUR 90m ($130m) each de...
2010-01-27 07:24:50
Jiangsu crowned top in China
During the market downturn of 2009, the shipbuilding industry of Jiangsu Province was still kept at amazing speed. Jiangsu took the top position of China’s shipbuilding industry in terms of order intakes, as well as newbuilding output. Five ...
2010-01-27 06:56:41
Hanjin to focus on special ships
Lee Jae-yong, chief executive of Hanjin Heavy Industries & Construction, which is seeking to cut more workforce, said, in an interview with local newspaper, that Youngdo Shipyard in South Korea is a symbol of the company and it will be further modern...
2010-01-26 16:01:31
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