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Shipbuilding
Midsize shipbuilders faltering
Prolonged downturn in shipbuilding market is taking its toll on South Korea’s small and medium-sized shipbuilders as an increasing number of them are applying for bank-led rehabilitation proceedings, squeezed by severe financial difficulties. Fo...
2009-12-23 06:28:59
Russia eyes production line
Russia should focus on production line for shipbuilding, rather than one-of-a-kind projects, Prime Minister Vladimir Putin said. "This is the only way of ensuring that budget funding is put to really good use, not spread thin on the ground between...
2009-12-22 14:11:21
Daewoo inks 10 suezmaxes
Daewoo Shipbuilding & Marine Engineering announced Tuesday that it has signed a contract with Greece’s Almi Tankers S.A. to build 10 suezmax tankers (Hull Nos. 5354 - 5363). The South Korean major shipbuilder revealed the contract value amounts ...
2009-12-22 11:39:08
Italy pledges support for yards
The Italian government has committed to a significant program of support for the country’s shipbuilding industry, pledging to push forward publicly funded contracts, provide export credits for the yards, and lobby in Brussels for policies to assist...
2009-12-22 08:07:09
Mitsubishi delivers only 18
Japanese shipbuilder Mitsubishi Heavy Industries (MHI) has completed only 18 newbuildings in 2009, down from 21 in 2008. There were no boxships on that list, compared to five a year earlier. The total deadweight tonnage of completed vessels was do...
2009-12-22 08:04:21
Pipavav panamaxes at risk
Golden Ocean and Indian shipbuilder Pipavav Shipyard are working to prevent a newbuilding contract dispute from ending in an arbitration hearing. Pipavav says a customer who ordered six panamaxes at the shipyard has referred the contracts for arbi...
2009-12-22 07:18:12
PDVSA orders 66 newbuilds
Venezuela's state-run oil company Petroleos de Venezuela (PDVSA) announced that it has ordered 66 workboat newbuildings worth $500m from an Argentine yard. The deal involves 50 5,000-cbm tank barges, 10 9,000-hp tugs and six bunkering tankers. Un...
2009-12-22 07:14:05
New orders firming
Global newbuilding orderbook stood at 8,267 ships of 156.9m cgt and 500.2m dwt as of December 1st, falling for sixteen consecutive months. The figure is at the lowest level since November 2007. Since August 2008, when it started to shrink, the ord...
2009-12-22 06:40:56
Wadan wins 8 more barges
Wadan Yards Okean in Ukraine has secured an order from compatriot grain producer and trader Nibulon for another eight dry-cargo river-sea barges, taking its tally at the shipyard to 24 vessels. They form part of a $150m investment by Nibulon, a joint...
2009-12-21 13:17:15
STX scores two 37K bulkers
STX Offshore & Shipbuilding of South Korea said Monday that it had signed a contract with an Asian shipowner to build two 37,000-dwt bulkers. The newbuildings are scheduled to be delivered by the end of 2011 after being constructed at Jinhae Shipy...
2009-12-21 11:40:12
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