Shipbuilding
Cruiseship orders resume
Negotiations for large-size cruiseship newbuildings, which had entered a respite due to the global recession, have sprung back to life. Aside from the Carnival Group, the world's largest cruise operator, deciding to order newbuildings after a hia...
2009-12-04 07:28:56
Nantong to win five 57K bulkers
China Dalian International Corp (Group) is set to order five 57,000-dwt supramax bulkers at a cost of $141m from Jiangsu Nantong Ship Heavy Industry. The Shenzhen-listed company said it would seize the opportunity presented by the downturn in the ...
2009-12-04 07:20:37
France seeks shipbuilding protection
France is to press the European Commission to consider creating a ‘commercial defense’ mechanism to help European shipbuilding resist the challenge posed by its foreign competitors, foreign media reports. Prime Minister François Fillon sai...
2009-12-04 07:13:12
China faces shipyard glut
China, the world's second- biggest shipbuilding nation, will face a capacity glut from 2011 after yards work through existing orders and shipping lines slow new orders, according to a government official. Insufficient demand will be a 'major prob...
2009-12-04 07:06:23
China should slow expansion
China’s quest to become the world’s No. 1 shipbuilding nation should be put on ice to prevent stretching overcapacity in the industry, Clarkson Research Services head says. China has pushed state banks to provide funds for newbuildings to main...
2009-12-04 07:04:35
Cosco chief forecasts 40% cancellation
China Ocean Shipping (Group) president and chief executive Wei Jiafu forecasts 40% of newbuildings on order will be cancelled or delayed, foreign media reports. Capt Wei said the financial crisis was helping ease the pressure of oversupply to som...
2009-12-03 07:32:25
China yards face prolonged slump
The Chinese Ministry of Industry and Information Technology (MIIT) says the continued slump in new orders will put the country’s shipbuilding industry in jeopardy. MIIT chief engineer Zhu Hongren told local reporters that shipyards were facing ...
2009-12-03 07:29:00
New Russia yard starts operation by 2012
First stage of shipyard in closed territorial formation (ZATO) Bolshoy Kamen’ (Primorskiy Kray) will be put into operation in 2012. Shipyard construction will be fully completed by 2020 reported press-service of regional administration. It is n...
2009-12-03 07:17:32
Chinese face lack of orders
As new ship orders have abruptly decreased this year, many Chinese shipbuilders are said to be facing lack of orders on hold. According to industry sources, Chinese yards have secured new orders of 2.19m dwt in October but most of them were contra...
2009-12-03 06:31:48
Thai shipyard bags tug orders
Thailand’s Asian Marine Services (Asimar) has secured newbuilding orders for two tractor tugs worth THB553.5m ($16.7m). The orders have been placed by the Port Authority of Thailand and are scheduled to be delivered in about two years. Both ves...
2009-12-02 07:40:49
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