Shipbuilding
Shanghai wins 10 handys
A state-owned Cuban company has ordered bulkers worth $250m at China’s Shanghai Shipyard. Market players say the shipbuilder has secured 10 handysize units from the Cuban outfit. A source close to the yard confirms the order and says it was b...
2009-09-11 11:57:58
Cochin net jumps 70%
Cochin Shipyard, the largest shipbuilding and shiprepair company in India, has posted a 70 per cent increase in net profit at Rs 160 crore ($33m) for the 2008-09 fiscal. It had a net profit of Rs 94 crore in the previous fiscal. The company also ...
2009-09-11 07:17:59
OPK launches PSV
Russia’s Severnaya Verf shipyard, a part of United Industrial Corporation (OPK), launched a vessel for oil-rig platform provision, also known as the project VS 485 PSV. The vessel for oil-rig platform provision is equipped with special capacitie...
2009-09-11 07:12:58
Half of docks could be idled
Despite market slump, global shipbuilding output is expected to hit an all-time high next year. However, fleet over-supply situation is already ongoing in shipping market and newbuilding order cancellations and delivery delays are increasing amid ...
2009-09-11 06:27:09
Indian to order massive bulkers
South Korea’s shipbuilding industry experiencing extreme difficulties in receiving new orders is to begin a fierce competition on winning bulk carrier orders. According to the industry players on September 9th, the country’s shipbuilding compa...
2009-09-10 13:45:58
Hanjin's new launching method
South Korean large shipbuilder Hanjin Heavy Industries & Construction has developed a new launching method called ‘Barge To Floating Dock Launching’ which floats on-land built ship using barge and floating dock. Hanjin said it has successfully...
2009-09-10 13:25:13
Rickmers delays five 7,000-teu ships
According to foreign media sources, Hyundai Heavy Industries of South Korea has reportedly delayed delivery of five 7,000-teu containerships ordered by German owner Rickmers Group. Originally, delivery of the ships was set between the third quarter o...
2009-09-10 08:00:28
CSBC hit by cancellations and delays
Taiwan’s largest shipbuilder CSBC Corp has taken a big hit by order cancellations and delivery delays after it posted a 6.4% drop in sales to $T21.8bn ($667.4m) in the first eight months of this year compared with $T23.3bn last year. The figures...
2009-09-10 07:51:55
Murmansk cancels 10 bulkers at Chengxi
Russia's Murmansk Shipping said that orders for 10 bulk carriers totaling 1.03m dwt contracted at Chengxi Shipyard of China had been cancelled. Although details of the cancellation were not disclosed, Murmansk said it placed the orders before the ...
2009-09-10 07:06:54
Delivery delays hit 29%
According to statistics combined by Worldyards, a Hong Kong-based shipbuilding consulting company, 29% of the newbuildings which had been scheduled to be delivered in the first six months of this year faced delivery delays, in cgt terms. Delivery ...
2009-09-10 06:53:08
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