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Shipbuilding
Daewoo modernizes Russian yard
South Korean major shipbuilder Daewoo Shipbuilding & Marine Engineering has recently signed a contract to build a joint venture shipyard with Russia’s United Shipbuilding Corporation. Daewoo president Nam Sang-tae, Russian Vice-Premier Igor Sech...
2009-11-24 06:19:32
Pipavav causes delay
French shipowner Bourbon’s order of four panamax bulk carriers from the Pipavav shipyard in India is at risk because the yard is unable to meet the deliveries. Bourbon’s dry bulk subsidiary Setaf Saget ordered these ships and a series of 10 s...
2009-11-23 06:41:49
More cancelled in SLS
D’Amico International Shipping has cancelled its fourth and final products tanker newbuilding at SLS Shipbuilding over “excessive delays”. News of the latest quashed order comes on the same day as it is reported that the South Korean yard...
2009-11-23 06:39:10
Sekwang inks Molten Sulphur Carriers
Specialist vessel-dedicated Sekwang Heavy Industries of South Korea has won a KRW 40bn ($34.5m) contract to build two 3.6K Molten Sulphur Carriers including an option. Jier Shin Korea subsidiary Ocean Rex Korea, which already operates small same-t...
2009-11-23 06:03:31
Kanasashi loses more orders
Troubled Japanese shipbuilder Kanasashi Heavy Industries has lost another six newbuilding orders. Industry sources say two Danish shipowners have cancelled a total of six open-hatch handysize bulkers at the shipyard, which has been under court pro...
2009-11-20 14:21:51
ESL to order MR tankers
Ethiopian Shipping Lines (ESL) is about to sign a newbuilding contract for tankers and multipurpose (MPP) vessels at Chinese shipyard. ESL managing director Ambachew Abraha said the company is close to siging a memorandum of understanding (MOU) fo...
2009-11-20 14:13:04
Yangzijiang inks 92.5K BC's
Chinese shipowner Oriental Ocean Shipping Holding, which has been growing its bulker fleet by converting single-hull tankers, has reportedly booked newbuilding orders for the first time. The privately owned shipowner has inked in a pair of 92,500-...
2009-11-20 14:00:39
Chinese faces first fall
Chinese shipbuilding hub Jiangsu province saw a decline in vessel exports for the first time this year in October. The total value of vessels exported by the province’s shipyards slid 31.7% to $500m between September and October, equal to a 22% ...
2009-11-20 07:09:56
Optimism over Turkish yards
Turkish shipbuilding will weather the storm whipped up by Chinese competition and global recession, said Birol Uner, chief executive of Gemak Shipbuilding Industry and Trading. With 84 active shipyards, the senior shipbuilding executive told the I...
2009-11-20 07:07:27
China growth decelerates
According to statistics from the Ministry of Industry and Information Technology of China, the country’s shipbuilders above certain size, achieved gross production value of CNY 443.8bn ($65bn) in the period between January and October 2009, rising ...
2009-11-19 06:17:58
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