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Shipbuilding
India shipping ministry mulls new yard
With the stage set for transfer of Hindustan Shipyard Limited (HSL) to the Ministry of Defence, the Ministry of Shipping has decided to use the amount it would get as compensation from the new owner for establishing a large shipyard on the East Coast...
2009-12-02 07:23:36
Fincantieri wins cruiseship
On Tuesday, Carnival confirmed that it had ordered a 130,000-gt sistership to the Carnival Dream from Italian state shipbuilder Fincantieri for delivery in 2012. The vessel, the third in the series — a second ship, Carnival Magic, is due fo...
2009-12-02 07:14:05
Orders rising in China
Chinese shipbuilding market is showing gradual improvement as the year nears the end. China Association of the National Shipbuilding Industry (CANSI) said Tuesday that Chinese shipyards have secured new orders of 19.11m tons in the period between ...
2009-12-02 06:35:17
China beats Korea in new orders
Chinese shipbuilders are highly likely to beat South Korean rivals and rank first in the world in terms of new order intakes this year. With global newbuilding orders so far this year standing at just about 10m gt, South Korea is set to step down ...
2009-12-02 06:31:17
Chinese dilemma
China's push to establish itself as the world's leading shipbuilding nation has resulted in the country facing an excess of shipyard capacity. According to local reports, China is set to have more than 180 dry docks that are capable of building ve...
2009-12-01 07:28:49
China yards weathering the crisis
Chinese shipyards are being hard hit by the industry downturn and a number of them are likely to disappear despite measures being taken by the government. The China Boat Industry & Trade Association (CBITA) estimates that 181 newbuildings comprisi...
2009-12-01 07:26:51
Indian faces delivery setback
Indian shipbuilder Modest Infrastructure is looking to postpone the delivery of a series of products tankers following construction delays at its new yard at Ratanpar on the west coast. Work has yet to start on the facility and projected deliverie...
2009-12-01 07:24:57
China builds shipyard in Indonesia
China is interested in investing on shipyards in Indonesia. The intention was revealed while 10 Chinese delegations were visiting Industry Minister MS Hidayat at the office of Industrial Department in Jakarta last week. Hidayat explained that the vis...
2009-12-01 07:15:51
Orderbook: 8,000 mark broken ?
As of November 1st 2009, the global newbuilding orderbook stood at 8,428 ships of 158.5m cgt and 501.8m dwt, the lowest level since July 2007 in vessel terms. Furthermore, the orderbook has fallen by around 20% since the start of the year. If the ...
2009-11-30 10:23:22
Sungdong achieves $1bn exports
South Korea’s Sungdong Shipbuilding & Marine Engineering said it is set to win the “$1bn Export Tower” Monday. The shipbuilding company has achieved export value of more than $1bn in the past one year despite difficult economic conditions. ...
2009-11-30 06:28:10
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