Shipbuilding
Orders to fall at Chinese yards
Chinese shipbuilders are likely to see a fall in the number of new orders secured in the second half of this year compared with the slew of deals in the first half. The warning was sounded by investment house Morgan Stanley, which said overall shi...
2009-09-09 07:14:59
New orders peak in August
According to statistics combined by Clarkson Research Services, new orders in the first three weeks of August stood at just 552,000 dwt worldwide but they jumped in the fourth week, bringing the total new contracts signed in the month to 6.132m dwt, ...
2009-09-09 06:38:04
China overtakes Japan
New ship deliveries from China exceeded those from Japan in the first six months of the year for the first time. According to figures from Clarkson Research Services, China’s share climbed to 23% in the first half, compared with Japan’s 22%. The ...
2009-09-08 07:20:21
Forte consolidation
China's shipbuilding development scheme is gaining industry attention by providing appropriate solutions to the difficulties in delivering ships on time, winning new contracts and securing financing. Plans for M&A and reorganization, of which draf...
2009-09-08 07:03:39
Shipbuilding market bottoms out when...
While newbuilding orders drought is protracted, it is forecast that South Korean listed shipbuilders’ order intakes for the construction of commercial vessels would signal that the industry and newbuilding price bottoming out. Seoul-based Daishi...
2009-09-08 06:56:38
Price war going to extremes
Price war in shipbuilding industry is causing severe problems in the industry, and one of them is that many shipbuilders are pressing equipment makers in a variety of measures in a bid to cut costs, such as forcing component makers to lower equipment...
2009-09-08 06:48:30
248 orders cancelled in China
At least 248 newbuilding orders had been cancelled in China by mid-August, according to a survey by Japan's Kaiji Press. Bulkers numbered 177, accounting for 70% of the total. These included 56 Capesizes. The cancelled vessels also included 33 tanker...
2009-09-07 07:14:49
Far from recovery
China's shipbuilding industry, which ranks second in the world in terms of tonnage and number of vessels built, will continue to struggle due to the global recession, even if new orders increase in the second half of this year, said experts at a foru...
2009-09-07 07:04:49
Alcock fails to save cancelled contract
Indian shipbuilder Alcock Ashdown Gujarat (AAGL) has been forced to drop its attempt to save a cancelled newbuilding contract for four chemical tankers after failing to attract financial partners. The 12,800-dwt vessels were ditched by their original...
2009-09-07 07:02:13
Jiangsu yards keep growing
The Office of Scientific and Technological Industry of National Defense in Jiangsu province, China, said although Jiangsu shipbuilding industry would not show an annualized 40% growth this year, it would continue to lead the industry. There are some ...
2009-09-07 06:25:00
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