Shipbuilding
China yards output value rises 33.7%
China's shipbuilders have realized a total output value of 300bn yuan ($44bn) in the first seven months of this year, Chinese Ministry of Industry and Information Technology said on Thursday. The figure increased by 33.7% over the same period last...
2009-08-21 11:32:29
Mitsui wins cargo-passenger ship
Japan’s Mitsui Engineering & Shipbuilding (MES) announced on August 19th that its affiliate shipyard ISB has received an order for a 1,500-grt cargo-passenger ship from the Ministry of Transport of the Kingdom of Tonga. The order is in line with th...
2009-08-21 06:59:46
Signs of recovery...
Some shipbuilding players expect that newbuilding market would soon enter the recovery phase despite current situations of a collapse in freight rates, a surge in old ship scrapping and a dearth of newbuilding orders. According to industry analysi...
2009-08-21 06:37:49
Shin An wins heavy lift carrier
South Korea’s newly-established shipbuilder Shin An Heavy Industries has ended orders drought and received a fresh order for a heavy lift vessel. Shin An said it signed a contract to build a heavy lift vessel with compatriot Hanjin Corporation, ...
2009-08-20 14:11:26
Tsuneishi Cebu expansion completed
Tsuneishi Heavy Industries’ shipyard in Cebu (THICI), the Philippines, has recently completed a $250,000 expansion project to build a fourth slipway. This will enable the shipbuilder to construct bulk carriers up to 190,000 dwt and increase its ...
2009-08-20 13:36:36
Boxship orderbook hit 4 year low
The containership orderbook has fallen to a four and a half year low as ocean carriers and shipowners impose a buying freeze in a bid to rein in capacity amid plunging freight rates and shrinking cargo volumes. The 30 year growth in the global con...
2009-08-20 13:28:52
MarAd updates small yards grant list
A minor mystery concerning the recipients of grants under a US Maritime Administration-administered federal assistance program for small US shipyards has been solved, after the administration published an updated list of awardees. A statement from...
2009-08-20 07:44:28
Fast growing with tumble ?
Chinese shipbuilding industry has been growing 36% every year since 2003 amid global newbuilding market boom and it finally dethroned South Korea as the No. 1 shipbuilding nation in terms of orderbook recently. But now China is faced with shipbuil...
2009-08-20 06:57:03
Delay & Change prevail
With container shipping market slump being protracted, shipowners’ requests for delay in boxship newbuilding delivery and change in ship type are pervading in shipbuilding industry. According to foreign media reports, Chile’s state-owned shipp...
2009-08-20 06:48:49
Waigaoqiao wins 6 VLCCs
National Iranian Tanker Co (NITC) is poised to order as many as 12 VLCCs from Chinese shipyards. According to industry sources, by utilizing China's shipbuilding industry stimulus plan, NITC has acquired the funding for 12 newbuildings from the Ex...
2009-08-19 10:57:22
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