Shipbuilding
Hyundai-Vinashin names 2nd newbuild
Hyundai-Vinashin Shipyard (HVS), a joint venture between South Korea’s Hyundai Mipo Dockyard (70%) and Vietnam Shipbuilding Industry Corporation (30%) held a naming ceremony for a 56,000-dwt bulker in Vietnam on October 29th. The newbuilding is ...
2009-10-30 11:21:47
Vinashin wobbles in 2009
Previous years, especially 2008, were very successful for Vinashin – which is seen as the pride of Vietnam’s shipbuilding industry. Group reports show total revenue of 32,538 billion dong ($1.8bn) in 2008, an increase of 48.06 percent ove...
2009-10-30 07:34:36
Shipbuilders still waiting for state aid
The new Bulgarian government has not yet disbursed the BGN 50 million ($37.6m) approved by the previous administration for construction of new ships at Bulgaria's shipyards, the Bulgarian Shipowners Association said. In late June ex prime minister Se...
2009-10-30 07:29:13
Chinese secure 70% less orders
New order intakes of Chinese shipbuilders in the first nine months of this year have declined 70% from a year earlier. But new contracts started to increase since the second half with new orders in the first half declining a whopping 95% year-on-y...
2009-10-30 06:50:27
STX delivers world’s largest cruiseship
STX Europe’s Turku Shipyard in Finland held a ceremony on October 28th for delivering the ‘Oasis of the Seas’, the world’s largest cruiseship. The behemoth newbuilding was ordered by Royal Caribbean in 2006 and it costs a whopping EUR 1.01...
2009-10-29 11:45:05
2nd new shipyard in southern Brazil
The mayor of Ibituba says a consortium plans to invest $1.2bn to build a new shipyard at the city's port, according to a local media report. It would be the second big yard proposal for the southern Brazilian state of Santa Catarina, where EBX's n...
2009-10-29 07:36:24
Greenfield yards should be left to private sector
Cochin Shipyard and Hindustan Shipyard have been asked to carry out feasibility studies and help build two new shipyards in India, but being government organization they may not have enough freedom to do justice to the project. The factors govern...
2009-10-29 07:24:31
China plans large-scale shipbuilding base
China has continued to announce restructuring and development plans for nine major industries including ship, iron & steel, equipment & machinery and oil & chemical industries since the latter half of 2008. In accordance with the national policy, Nin...
2009-10-29 06:39:09
Samsung cancels new shipyard
South Korea’s Samsung Heavy Industries appears to have ditched its second shipyard construction project. The world’s second largest shipbuilder had been planning to construct a shipyard in the country, capable of building VLCCs, but it has rep...
2009-10-29 06:30:21
Cochin plans new dry dock
India's biggest shipbuilder under state control, Cochin Shipyard Ltd, is talking to potential partners in the defense sector to jointly build a new dry dock at the yard to boost capacity, the Kerala-based firm’s top executive has said. “We ar...
2009-10-28 07:05:19
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