Shipbuilding
Sungdong inks first orders
South Korea’s Masan Shipyard owned by Sungdong, parent company of Sungdong Shipbuilding & Marine Engineering, has won an first ever order for newbuildings. It is the first order intake for Sungdong since it took over the Masan shipyard from Hanj...
2009-12-09 06:58:12
Hyundai stops on-land building
The world’s No. 1 shipbuilder Hyundai Heavy Industries said Tuesday that it has stopped on-land shipbuilding operation. Hyundai said it had decided to dismantle on-land shipbuilding facilities last month after launching a 105,000-dwt product tan...
2009-12-09 06:52:39
Chinese yards restructuring underway
It is reported that shipbuilding industry eyed a gentle recovery in new ship orders lately, but experts from China Association of National Ship Industry thought the real recovery wouldn’t come so early and the downturn would dominate the industry f...
2009-12-08 07:11:59
Yard subsidy levels to be monitored
Leading shipbuilding nations have decided to intensify keeping track of government support measures for the industry in a bid to minimize market distortion. Members of the shipbuilding working party at the Paris-based Organisation for Economic Coo...
2009-12-08 07:01:02
Diversification bearing fruit
South Korean shipbuilding companies, which returned to the world's No. 1 position in new orders in November, seem to be bearing fruit in business diversification. They are now more focused on specialized vessels or offshore project vessels apart f...
2009-12-08 06:34:51
Indonesian yards seek Chinese help
Indonesia is hoping to woo China for cash and expertise as it tries to bolster its struggling shipbuilders, foreign media reports. Reports out of Jakarta say Indonesian industry minister MS Hidayat raised the idea of Chinese shipyards investing in...
2009-12-07 11:42:05
Pipavav panamax pair cancelled
Indian emerging shipbuilder Pipavav Shipyard has lost orders from a major client due to construction delays. Golden Ocean has cancelled orders for two 75,000-dwt panamaxes at the yard, foreign media reported. Chief executive Herman Billung confirm...
2009-12-07 11:30:28
Shipbuilders running below capacity
It is reported that along with the falling new ship orders, more and more shipbuilders run under the production capacity. Many shipbuilding enterprises even did not receive any orders after the worldwide economic crisis. According to statistics f...
2009-12-07 07:18:30
Korea returns to No. 1
South Korean shipbuilders regained the crown in terms of new orders after seven-month hiatus. According to Clarkson Research Services statistics, they have secured new orders totaling 716,097 cgt in November. Their market share stood at 71.7%, ...
2009-12-07 06:28:50
Samsung cruiseship dream realized
Samsung Heavy Industries is now a step closer to realizing its dream of entering the cruiseship construction market. The South Korean shipbuilder said early this week that it has signed a deal with US-based cruise and hotel operator Utopia Reside...
2009-12-04 12:50:39
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