Shipbuilding
Orderbook keeps decreasing
Global newbuilding orderbook continued to shrink last month while fleet oversupply situation got worse. According to industry statistics, global shipbuilding order backlog as of the end of September stood at 8,671 ships of 517m dwt, down 16% year-...
2009-10-23 00:43:58
Hyundai changes boxships into capesizes
South Korean shipbuilder Hyundai Heavy Industries (HHI) has notified the Seoul Stock Exchange on Oct. 19 that it has changed three of the 10 containerships ordered by a Panamanian owner into bulkers. In light of this, the delivery of the newbuild...
2009-10-22 11:46:08
Brazilian eyeing two new shipyards
Brazilian billionaire Eike Batista is mulling a plan to build a second shipyard in Brazil. The billionaire's OSX (Offshore Services X), which recently unveiled plans to build its first shipyard in southern Brazil, now plans to invest in a new yard...
2009-10-22 11:04:45
Cosco delays delivery again
Cosco Corp has delayed delivery of five more bulk carriers at the request of an unnamed European shipowner. The 92,500-dwt post-panamaxes are on order at Cosco (Dalian) Shipyard in China. The orders were placed in October 2007. The delays will be ...
2009-10-21 23:08:38
China, leading shipbuilding destination
Despite slowdown in shipbuilding industry globally, the Chinese shipbuilding industry has been continuously growing at a descent pace in the backdrop of continuously increasing foreign trade, low labor cost and strong government support. It is expect...
2009-10-21 23:01:22
Full recovery yet to come
Seoul-based Hyundai Securities said Wednesday that shipbuilding stocks could make a rally amid news of new orders in the offshore plant sector but a full recovery of market situation is premature. Hyundai Securities analyst Lee Sang-wha said, “S...
2009-10-21 22:56:28
Order cancellations hit Indian yards
Chris Cheney of broker Simpson Spence & Young (SSY) believes India’s new yards will find it difficult to source funds and win newbuilding contracts given the current overcapacity worldwide. Revati Kasture of Mumbai-based Credit Analysis & Resear...
2009-10-21 00:30:36
STX denies price war
South Korean shipbuilder STX Offshore & Shipbuilding insists it is holding firm on price despite talk of a desperate bidding war between South Korean shipyards. It was recently reported how newbuilding prices for a capesize are plummeting close to...
2009-10-21 00:22:54
Shikoku to develop CSR-bulkers
Japan’s Shikoku Dockyard will develop two new types of bulk carrier, 29,000 dwt and 35,000 dwt, which will comply with the Common Structural Rules (CSR). Instead of diversifying to other ship types, Shikoku will continue to focus on reefers and...
2009-10-20 07:38:18
Half of China orderbook at risk
Half of the newbuildings on order at Chinese shipyards will be delayed or cancelled because of fleet oversupply in the shipping industry, according to China’s National Development and Reform Commission. The commission’s industry department deputy...
2009-10-20 07:28:42
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