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Shipbuilding
Shipbuilding growth stumbling in China
Chinese shipbuilding industry has been realizing fast growth until recently, doubling net profits every year for the last five consecutive years thanks to unprecedented shipbuilding super-boom and its stunning GDP growth. But the industry's revenu...
2009-07-14 13:19:58
China constructing six new shipyards
Construction of six shipyards began in three provinces of China in the first half of this year and the total investment is said to amount to 530m yuan ($77.5m). The number of vessels under construction there is six and they are expected to generat...
2009-07-14 11:50:50
Vroon ‘will not cancel’ Cosco orders
Vroon BV has no intention of cancelling any of its orders for bulker newbuildings in China after the yard announced agreed delivery delays. The Dutch shipowner has also said it has four and not six post-panamaxes on order at Cosco Zhoushan and tha...
2009-07-14 07:09:09
Namura to cut operation hour
Japan’s Namura Shipbuilding will slash its annual operation hour to 3.2-3.3 million man-hours from the initially projected 3.6 million man-hours in the next two to three years, President Tatsuhiko Namura said. The company had earlier planned to...
2009-07-14 07:05:43
Turkish shipbuilding capacity soars 65%
Turkish shipbuilding activity has accelerated hugely in recent years and Turkey is now the fifth leading shipbuilder in the world, with a 1.5% market share. Over the past four years it is estimated that the country’s shipbuilding capacity has ri...
2009-07-14 07:01:54
Chinese to sell cancelled newbuildings
Ethiopian Shipping Lines (ESL) is in talks with a Chinese shipyard to buy cancelled newbuildings. The national carrier has been wooed by an unnamed Chinese yard looking to find a home for cancelled ships. It is offering nine vessels to ESL, with p...
2009-07-14 06:47:49
Yangfan wins five 57K bulkers
Recently, Yangfan Group has signed a contract with Guangdong Lanyue Energy Development to build five 57,000-dwt bulkers under a strategic partnership between them. The key point discussed on the contract was to build the vessel under the name of '...
2009-07-14 06:13:09
Newbuilding prices fall yet again
The Clarkson Newbuilding Price Index, which stood at 152 points for the fourth consecutive weeks recently, dropped by three points to 149 on Friday last week. VLCC newbuilding price fell by $10m last week from a week earlier to $115m and capesize ...
2009-07-14 06:10:53
One third of yards to be idle
Local media quoted the China Association of National Shipbuilding Industry as saying that China's shipbuilding facilities are expected to have idle capacity of more than 20 million deadweight tons or one third of the total after 2011 as new shipyards...
2009-07-13 11:50:49
Cosco yards delay delivery of bulkers
Two European shipowners have pushed back delivery of a total of eight bulkers at two Chinese shipyards by around half a year. Cosco Dalian and Cosco Zhoushan are the two shipbuilders concerned, parent company Cosco Corp (Singapore) wrote in a stat...
2009-07-13 07:01:01
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