Shipbuilding
Shipbuilders gamble on the 2nd half
South Korea’s Hyundai Heavy Industries, the world’s No. 1 shipbuilder and its compatriot rivals saw an abrupt decrease in new ship orders in the first half of the year due to a prolonged global shipping and shipbuilding downturn. But they are ...
2009-07-01 11:03:51
STX helps Roadships design green vessel
STX Canada Marine has contracted with Roadships Holding to assist in the design and development of a high-speed monohull roll-on/roll-off vessel. The design of the vessel will focus on water, waste, energy, emissions and sustainability. STX Canada...
2009-07-01 07:20:17
CSIC operating profit to top CNY120bn
The sales of China Shipbuilding Industry Corporation (CSIC) in the five months to May this year increased by 16.4% year-on-year while its net profit jumping by 23.3%, indicating the shipbuilding group is developing stably despite the current economic...
2009-07-01 06:40:07
Rumor and truth on order intakes
South Korea’s STX Offshore & Shipbuilding received MR tanker orders last month, breaking 8-month long orders drought, but it was rumored that the shipbuilder inked the contract at ‘too low prices’, making little profits. Later in the same mo...
2009-07-01 06:35:38
Sri Lanka mulls shipbuilding at southern port
The Sri Lankan government wants to attract investments for shipbuilding, and cement and fertilizer manufacturing at a new port being built in southern Hambantota. Sri Lanka Ports Authority (SLPA) chairman Priyath Wickrama said construction work o...
2009-06-30 15:05:25
Newbuilding delivery refused at Lindenau
Germany’s Lindenau shipyard, which is under insolvency administration, is fighting for survival after the shipowner of its latest newbuilding refused to receive delivery of the ship. Initially, Lindenau planned to deliver the 43,550-dwt double-...
2009-06-30 07:27:22
Daewoo helps in Malaysian new shipyard project
Malaysia's Vantech Dockyard said on June 23rd that it will invest 4.8 billion ringgit ($1.4bn) to construct a large-size shipyard in southern Johor State in a joint venture with two South Korean shipbuilders. The construction of the yard, to be lo...
2009-06-30 07:14:31
Eni builds new shipyard in Kazakhstan
Italian energy company Eni recently announced it was planning to construct a new shipyard in the coast of the Caspian Sea, which would be primarily building 63,000-dwt tankers. The Kazakhstan government said memorandum of understanding related to th...
2009-06-30 06:27:45
Chinese get the lead in new orders
Amid newbuilding orders drought, Chinese shipbuilders have recently signed massive shipbuilding contracts, making South Korean rivals worried that they might be dethroned as the world’s largest shipbuilding country. The newbuilding orderbook gap...
2009-06-30 06:24:58
China keeps growing
Although many analysts keep doubting about whether aggressive Chinese shipbuilders will manage to produce the larger part of the new building orders, mainly of dry bulk carriers, placed during the past couple of years, one thing seems almost certain;...
2009-06-29 12:34:24
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