Shipbuilding
Emerging yards face restructuring
Emerging shipbuilders in South Korea have grown rapidly amid the prosperity of global shipbuilding market. However, their liquidity position is weak and they face poor management, unstable teamwork of workforce, and inflexible products portfolio. ...
2009-08-25 08:15:29
Sungdong wins 4 capes
South Korean shipbuilder Sungdong Shipbuilding & Marine Engineering has inked a newbuilding contract with Brazil’s mining company Vale on August 21st for the construction of four 180,000-dwt bulk carriers for around $250m. The newbuildings will ...
2009-08-24 13:27:53
Serbian eyes Croatian yard privatization
Serbian tycoon Philip Zepter is aiming to buy three of the five Croatian shipyards being privatized by the government. The businessman, born Milan Jankovic and said to be one of Europe’s richest men, has bought tender documents for Brodotrogir, ...
2009-08-24 07:22:29
Damen wins workboat
Gulf of Aden Ports Corporation (GAPC) has ordered a new twin-screw workboat from Damen Shipyards Group of the Netherlands. The Yemeni company will take delivery of the EUR 2.79m ($3.98m) Multi Cat 1908 ship in early 2010. It will be built by a Dam...
2009-08-24 07:19:37
Order cancellations slow in China
The pace of newbuildings cancellations at Chinese shipyards appears to be declining, with only six orders comprising 342,000 dwt axed in July. The China Association of the National Shipbuilding Industry, which regularly surveys the country’s ma...
2009-08-24 07:08:04
Kouan jumps on shipbreaking biz
China’s Kouan Shipbuilding looks set to be the latest yard to move into the demolition sector following a widespread downturn in newbuilding orders. The Jiangsu-based facility, which databases list as having 41 vessels under construction, will f...
2009-08-24 07:03:46
Indian new yard project ditched
A plan to construct a greenfield shipyard appears to have gone awry for a newcomer in India following the credit crisis and downturn in the shipbuilding industry. Mumbai-based Bombay Marine Engineering Works (BMEW)'s project to set up a facility i...
2009-08-24 06:56:17
Hanjin puts IRISL boxships up for sale
South Korean shipbuilder Hanjin Heavy Industries & Construction has placed three recently-completed containerships up for sale, following a financing dispute with Islamic Republic of Iran Shipping Lines. Ordered at nearly $100m each, brokers have...
2009-08-24 06:51:16
China's largest shipbuilding base completed
China's largest shipbuilding and repairing base has been completed. According to local sources, the completion ceremony for Qingdao Haixi Bay Shipbuilding and Repairing Base and the launching ceremony for Hosco's two 180,000-dwt bulk carriers were...
2009-08-24 06:21:26
Sinochem behind 21st Century orders
21st Century Shipbuilding of South Korea announced on August 13th that it had signed a letter of intent with an Asian leading oil exploration/development and chemical product transport company to build four 20,000-dwt stainless-steel chemical tankers...
2009-08-21 11:56:16
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