Shipbuilding
Lloyd Fonds may cancel further
Troubled ship finance outfit Lloyd Fonds could cancel another eight ships as it braces investors for large annual losses. Friday’s profit warning was accompanied by a note on the German’s orderbook situation which implies that cuts announced l...
2009-11-02 07:22:14
Qinfa inks 82K bulker
China Qinfa Group is taking advantage of depressed ship prices with a kamsarmax bulker order. The Hong Kong-listed coal player is spending $35.2m on the unit at CSSC Guangzhou to mitigate rising charter-hire costs. The 82,000-dwt vessel is slated ...
2009-11-02 07:19:36
Support for UK shipbuilders
Industry efforts to persuade the UK government to offer more support for the UK shipbuilding and repair industry moved to the House of Commons when the Shipbuilders and Shiprepairers Association organized a lunch attended by two government ministers,...
2009-11-02 07:12:22
Vinashin resumes new project
Vinashin Business Group (Vinashin) will continue a project to build Cua Viet Shipyard in the central province of Quang Tri after a delay due to financial difficulties, local newspaper reported. Vinashin announced last year it would spend VND 1.5 t...
2009-11-02 07:01:05
Chinese sweep 70% newbuild orders
The China Association of National Shipbuilding Industry (CANSI) said on October 29th in a report titled “Analysis of Ship Industry Development in Q3 2009” that the country’s shipbuilders secured new orders of 16.92m dwt in the first nine months...
2009-11-02 06:16:30
Universal secures capesize
Japan’s Universal Shipbuilding has listed a capesize bulker order as a newly won contract in its second-quarter earnings report. The shipyard says the price for the 200,000-dwt bulker stands at JPY 7.6bn ($83.5m). The orderer was not disclose...
2009-10-30 15:40:37
Newbuilding: Totally buyers’ market
Shipbroker Clarksons said in its latest monthly report that the Newbuilding Price Index has fallen for the 13th consecutive month in September and purchasing power has undoubtedly returned to the shipowners and further price reductions are expected. ...
2009-10-30 15:15:01
MHI ups new order forecast
Japan's Mitsubishi Heavy Industries has upped its newbuilding order forecast for the year, although it says interest in new commercial vessels remains weak. For the financial year ending March 31, 2010, MHI has upped its full order forecast to &y...
2009-10-30 15:08:03
Japan newbuild inquiries rise
Newbuilding export inquiries at Japan’s major five shipbuilders totaled 11 in September, signaling Japanese yards might also win new orders sooner or later. The yards received 10 inquiries in January and February each but the figure slid to one-...
2009-10-30 12:58:48
China growth slows
According to local media statistics, China's ship industries are still growing at double-digit rates but the growth rates are on the decline. About 1,824 Chinese companies above certain level in ship-related industries posted a combined production...
2009-10-30 12:11:25
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