Shipbuilding
Daewoo denies Aframax orders
Daewoo Shipbuilding & Marine Engineering is denying reports that AP Moller-Maersk has signed up for aframax tankers at the shipyard. Sources say the Danish shipping giant recently booked two 114,000-dwt tankers at the Okpo shipyard for delivery i...
2009-11-08 01:16:50
Samjin names first of Interorient series
On November 5th Samjin Shipbuilding Industries, located in Weihai city, Shandong province, China, delivered the first newbuilding of 12 34,000-dwt bulker series ordered by Cyprus-based Interorient Navigation in July 2007. The ship was named ‘Ori...
2009-11-06 12:11:53
Agony of Koreana
South Korean shipbuilders are expected to continue to have difficulties in securing new orders until the first half of next year. Global newbuilding orders are forecast to stand at about 15m gt for 2009, which is sharply down from the average annu...
2009-11-06 07:03:21
Cancellations exceed 600
Newbuilding order cancellations have surpassed 600 ship mark at minimum worldwide. Japan’s Kaiji Press said the number of cancelled newbuilding orders since late 2008 stood at 625 as of the end of October. Of them, bulker cancellations amounted ...
2009-11-06 06:55:53
Call for level playing field
Dutch Prime Minister Jan Peter Balkenende has refuted criticism that his government has been too slow in offering support to the country’s shipbuilding industry. At the official opening ceremony of the Europort exhibition in Rotterdam, chairman ...
2009-11-05 07:38:24
German owners eying Bangladesh yards
A recent German business delegation to Bangladesh has shown keen interest in buying more ships from Bangladeshi shipbuilders. Peter Clasen, head of the 21-strong group that visited the country late last month, said Bangladesh offered skilled but ...
2009-11-05 07:26:37
Crisis of Koreana
South Korean shipbuilders are faced with escalating risk of order renegotiation and delivery delays as global shipping firms plunge into deteriorating financial difficulties. In September, CMA CGM’s financial hardship was known in detail to the ...
2009-11-05 06:55:48
Chinese get 16.92m dwt orders
Chinese shipyards won newbuilding orders totaling 16.92 million dwt in the January-September period of 2009, down 70% from the same period of 2008, the China Association of the National Shipbuilding Industry (CANSI) revealed in an analysis released o...
2009-11-04 11:13:19
Difficulties ahead for Norwegian
The Norwegian shipbuilding industry is facing a difficult future, with few new orders on the books and the looming threat of mass lay-offs. Representatives for the industry meet to discuss the situation. The situation is worse than it has been fo...
2009-11-04 10:57:56
STX Europe to refocus
STX Europe, Europe’s largest shipbuilder owned by STX Business Group, has reported improved pre-tax earnings but said some of its shipyards will refocus activities as its orderbook dwindles. At least one yard will turn its attention to maintena...
2009-11-04 07:37:06
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