Shipbuilding
Cosco yard delivers supramax
Singapore-listed Cosco Corp. says its 51%-owned subsidiary Cosco Zhoushan Shipyard has successfully delivered a 57,000-dwt supramax vessel Dai Shan Hai. The company said Cosco Zhoushan had signed a delivery document with the buyer on January 5 alt...
2010-01-07 07:59:12
Korean continue order rally
In this New Year 2010, South Korean shipbuilders are likely to continue to land newbuilding contracts from foreign shipowners. Daewoo Shipbuilding & Marine Engineering and Sungdong Shipbuilding & Marine Engineering, which won noticeably many new o...
2010-01-07 06:45:36
Norwegian yards pass worst year
Norwegian shipyards last year experienced their worst year, with new orders worth only NOK 1.3bn ($227m). This is a drop of nearly 90 per cent since the top years of 2005 and 2006, Aftenposten reports. In the boom years, the Norwegian yards r...
2010-01-06 14:16:43
60% of Chinese gain “0” order
Facing market downturn since the 4th quarter of 2008, Chinese shipyards began to step out of order shortage in June 2009. But there were still about 65% shipyards receiving “0” order in 2009, especially for some emerging builders. “The Econ...
2010-01-06 13:19:29
Fincantieri launches Cunard cruiseship
Fincantieri’s Monfalcone yard launched its first vessel for Cunard Tuesday, with the luxury cruiseship Queen Elizabeth taking to the water at the facility just outside Trieste. The 294m-long, 90,400-gt vessel has 1,046 cabins and capacity for 2...
2010-01-06 06:20:31
Shipyard investment cancelled
Turkey’s Besiktas Shipping Group, a company active in shipbuilding, repairs and maintenance services, has canceled plans to construct a shipyard in the Adana-Yumurtalık Free Trade Zone. The company, which started work on plans to construct the...
2010-01-06 06:13:30
Japanese edge ‘maritime cluster’
Chairman of the Shipbuilders’ Association of Japan (SAJ) Takao Motoyama said in a new-year interview with Japanese newspaper Kaiji Press that Japanese yards will be able to bear current difficulties because they had already survived a pair of shipb...
2010-01-06 05:42:09
Sino secure No.1 order volume
Chinese shipbuilders seem to have surpassed South Korean rivals in terms of new orders last year and South Korea’s world’s No. 1 position appears at risk. Morgan Stanley, however, said South Korean yards have ample order backlog and the situat...
2010-01-05 14:08:32
India new VLCC-class shipyard
The government plans to set up a shipyard to produce large-sized vessels under public-private partnership with an investment of Rs3,000-4,000 crore ($645-860m), in lieu of the Hindustan Shipyard going to the Defence ministry. "The government will set...
2010-01-05 07:12:01
Korea aims at $50bn orders
Considering major shipbuilders’ order targets, South Korean shipbuilders are expected to win new orders worth over $50bn this year. Newbuilding market showed signs of recovery at the end of last year and industry players believe the market will ...
2010-01-05 06:39:12
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