Shipbuilding
STX-Abu Dhabi co-op for shipbuilding
South Korea’s STX Offshore & Shipbuilding said on January 19th that it has signed a memorandum of understanding with Abu Dhabi Shipbuilding (ADSB) for co-operation in shipbuilding industry. Under the MOU STX will assist ADSB in designing, constr...
2010-01-20 10:57:18
Wadan strikes deal over canceled ships
Shipowner F Laeisz and the administrator of insolvent Wadan Yards group have reached an agreement in their longstanding row over two containerships, foreign media reports. Laeisz will take ownership of one of the two 2,800-teu vessels, which will ...
2010-01-20 07:54:34
Recovery of new orders to drag
Newbuilding market, which showed flash recovery recently with a number of new orders, seems to have a long way to substantial recovery due to still lasting oversupply problem. Song Jae-hak, analyst from Seoul-based Woori Investment & Securities s...
2010-01-20 06:51:13
Daewoo to Win Cruiseship
South Korean major shipbuilder Daewoo Shipbuilding & Marine Engineering is also forecast to bag a cruiseship newbuilding contract for the first time ever, following Samsung Heavy Industries which was awarded a basic contract to build a 100,000-gt cla...
2010-01-19 14:44:24
ThyssenKrupp exits shipbuilding
Germany's ThyssenKrupp will seek to complete its exit from civilian shipbuilding by selling remaining activities to Abu Dhabi MAR, weekly Der Spiegel reported. In pre-release abstracts of the article, Der Spiegel also said it was an open question...
2010-01-19 07:30:17
Japan output down
The Maritime Bureau of Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) summed that a total of 30 ships of 1.5m grt were given building permits in December 2009, down by 42% month-on-month on grt terms. Aggregate tonnage e...
2010-01-19 06:40:38
Bohai builds China’s largest ferries
China’s Bohai Ferry intends to build four luxury ferries worth CNY 1.6bn ($234m) in total. Currently Bohai is waiting for the approval of China Classification Society (CCS) on design solutions. If everything is ok, the construction work will sta...
2010-01-18 14:15:00
Owners’ tactics to keep ship prices low
Increasing numbers of Greek shipowners have used aggressive, new tactics to successfully force cash-starved Asian shipyards to keep lowering newbuilding contract prices, as plummeting values make it economical to cancel an older contract outright at ...
2010-01-18 06:59:51
DaeSun accepts order adjustments
South Korea’s DaeSun Shipbuilding & Engineering seems to have made changes to four 25,000-dwt product/chemical tanker contracts ordered by Greek shipowner Cosmo. The ship type has reportedly been changed into containership and bulker with contra...
2010-01-18 06:36:04
Market breathes again
Life is returning to newbuilding market as shipowners start to seek investment opportunities with new owners emerging in the market Amid plummeting newbuilding prices, the industry started to abruptly pick up since December last year but relativel...
2010-01-18 06:31:51
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