Shipbuilding
Orderbooks shrink to 2007 level
Since the peak time seen in the fall of 2008, indices surrounding the shipbuilding industry have kept on setting back as though rewinding the time during the boom period. Workload of shipyards declined 50 million grt worldwide over the past year, ...
2009-09-03 07:16:17
Shipbuilding complex construction launched
According to industry sources, Chongqing Municipal Government has recently launched Wuyang Shipbuilding Base construction project in Zhongxian area at a site of around one million square meters. The shipbuilding base site is six kilometers away fr...
2009-09-03 06:49:12
Japan yards cut capacity
After one-year long newbuilding market downturn, Japanese shipbuilders started to adjust their shipbuilding output system in a long-term view, which had been only mulled on the basis of their rich order backlog. Amid worries about over-capacity, m...
2009-09-03 06:41:38
Hyundai stops expansion
Hyundai Heavy Industries said in a regulatory filing on August 28th that it has decided to discontinue the factory expansion work at its ship block manufacturing plant in Pohang city, North Gyungsang province, South Korea. The world’s largest sh...
2009-09-02 12:53:17
OSG firm on Aker Phil dozen
Overseas Shipholding Group said it will draw on its resources and contacts to ensure the completion of the 12 Jones Act product tanker newbuilding program under way at Aker Philadelphia Shipyard. OSG’s willingness to help was disclosed in the an...
2009-09-02 07:37:00
Hanjin awaiting IRISL’s cash
Hanjin Heavy Industries & Construction of South Korea, until now quiet on its intended sale of three recently completed containerships amid a financing dispute with the Islamic Republic of Iran Shipping Lines, has broken its silence. The major shi...
2009-09-02 07:31:54
Cosco Zhoushan delivers first newbuild
China's Cosco Shipyard Group announced on August 28th that its Zhoushan plant, Cosco (Zhoushan) Shipyard, has completed its first newbuilding - a 57,000-dwt handymax bulker, the Yuan Shun Hai. According to UK-based Clarkson Research Services, the ...
2009-09-02 07:22:18
Hubei yards face severe crisis
An official from Wuchang Shipbuilding Industry, the largest inland shipbuilding company in China, said order cancellations have not occurred at the shipyards in Hubei province, China, but they are under great pressure due to shipowners' excessive req...
2009-09-02 06:52:44
No expansion time: Jiangzhe private yards
After five-month long orders drought, new orders came in June and July, suggesting newbuilding market downturn may have bottomed out. But over-tonnage problem continues in shipping industry and this could persist during the next couple of years. S...
2009-09-01 14:26:24
Shipbuilders turn shipowners
Market downturn is turning Chinese speculative shipbuilders into shipowners as they look to hire newbuildings to foreign players. A new breed of shipowner is emerging from China’s Zhejiang province as speculators who originally intended to sell ...
2009-09-01 07:41:54
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