Shipbuilding
China overconfident of No. 1
World dominance in shipbuilding will likely emerge in China, and if the Chinese government has anything to say about it that dominance will come soon, foreign media reports. The Chinese government has stated its goal, via an announcement from a g...
2009-12-29 07:32:28
Russia invests $5bn in shipbuilding
Russia will inject $5bn into the shipbuilding industry in the far east of the country over the next ten years, Prime Minister Vladimir Putin says. The windfall will come alongside state assistance to Putin’s shipbuilding brainchild, United Ship...
2009-12-29 07:08:32
SPP adds 81K quartet
SPP Shipbuilding said Monday that it has added four 81,000-dwt bulkers to its orderbook this month. It said two European shipowners had each ordered a pair of the units worth around $150m in total. According to foreign media reports, the two ow...
2009-12-29 06:45:43
Uncertainty remains
The entire South Korean shipbuilders saw their liquidity position deteriorate in 2009 as new orders dramatically fell, and a number of small and midsize yards had no choice but to face restructuring. The situation is not expected to change much ne...
2009-12-29 06:41:27
STX-Vina project fails ?
Khanh Hoa province could sink the $500 million STX shipyard project this month if the investor failed to signal whether it would continue with the project. Nguyen Trong Hoa, director of Van Phong Economic Zone Management Board, said the province w...
2009-12-28 11:57:37
Imabari builds bulker trio
Japan’s Imabari Shipbuilding is to build Safe Bulkers’ latest newbuilding acquisitions, market sources revealed. It was reported earlier this month that the shipowner acquired a pair of 95,000-dwt bulkers. But the owner did not identify t...
2009-12-28 07:36:33
Hyundai Mipo orderbook tweak
South Korea’s Hyundai Mipo Dockyard has seen a shift in its orderbook as the result of a new 50/50 joint venture named 'Megacore Shipping' between product tanker specialist Omega Navigation Enterprises and Glencore International subsidiary Topley C...
2009-12-28 07:10:27
Hudong wins pax pair
China’s Hudong-Zhonghua Shipbuilding has broken its order drought after securing a pair of panamax bulkers from a domestic shipping company. The shipyard says it will build the 76,000-dwt vessels for Ningbo Rongsheng Shipping. The contract also...
2009-12-28 06:59:02
Sungdong adds cape pair
A South Korean midsize shipbuilder is continuing to win commercial ship orders amid a dramatic fall in such orders around the world. Sungdong Shipbuilding & Marine Engineering, which had won 7-ship orders worth about $400m last week, said last Fri...
2009-12-28 06:27:10
India rather free of cancellations
Barring new entrant Pipavav Shipyard, Indian shipbuilders have been relatively free of order cancellations and price renegotiations that global yards based in South Korea and China have been facing. This could be because of the genuine and non-spe...
2009-12-24 13:55:42
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