Shipbuilding
Five bulkers canceled at Namura
Japan’s Hokodate Shipyard, a part of the Namura Shipbuilding group of companies, has been hit by the cancellation of an order for five handysize bulk carriers but the shipbuilder is confident it will sell them on at a higher price. Osaka-listed ...
2009-06-18 07:48:38
Shipbuilding overcapacity primary problem
Takao Motoyama (pictured), chairman of Mitsui Engineering & Shipbuilding (MES), who was recently appointed as the chairman of the Shipbuilders' Association of Japan (SAJ), held a press briefing on June 16 to commemorate his accession to office. Point...
2009-06-18 07:32:40
China new ship orders dwindling
The throes of overcapacity will come earlier in 2010 to China ship industry, experts anticipate, since trades of new ship orders fall into halt, expected to be less than 10m tons this year, and the existing orders keep shrinking quickly for over 7 mo...
2009-06-17 12:43:26
Grand China planning to acquire Jinhaiwan
Plan to purchase Zhoushan Jinhaiwan Shipyard, the largest emerging shipbuilder in China, has come up. According to local newspaper reports, it seems that Grand China Logistics, a logistics subsidiary of Hainan Airlines Group (HNA Group), has expresse...
2009-06-17 10:48:27
China eying 35% share by 2011
State Council said in a detailed industry stimulus plan said China is seeking to expand its share of the global shipbuilding industry to more than 35% by 2011, aiming to raise production to 50 million tonnes by then. The plan includes government supp...
2009-06-17 10:42:05
Namura Shares Gain after Profit Forecast Raised
Namura Shipbuilding Co., a Japanese builder of cargo vessels and tankers, gained the most in almost two weeks after increasing its annual profit forecast. The stock rose 5.1 percent to 596 yen as of 9:18 a.m. on the Osaka Securities Exchange, th...
2009-06-17 10:25:29
Grand China massive bulker orders worth $2bn
Grand China Logistics’ surprise 30 bulker newbuilding order at Zhoushan Jinhaiwan Shipyard is reported to be worth as much as Yuan13.7bn ($2bn). According to local media, the order by Grand China Logistics for 18 capesize and 12 kamsarmax bulke...
2009-06-17 08:02:29
Chinese Shipbuilding fund on track
The 20-billion-yuan shipbuilding industry investment fund is well on track to raise the targeted funds by the end of this year despite its slow start, according to a senior government official. China shipbuilding industry investment fund, based i...
2009-06-16 07:07:47
Brodosplit wins fruit-juice carrier
Croatian shipyard Brodosplit has won a newbuilding order from a Swiss company. The name of the owner and ship price are yet to be disclosed. The contract is especially significant in a time of recession in the shipping and shipbuilding market...
2009-06-16 06:59:52
Korean yards get tough with shipowners
South Korean shipyards have finally lost patience with some of their customers and are preparing for a showdown with those containership owners that are demanding newbuilding delays or price cuts. Rather than grant any further concessions, yards ...
2009-06-16 06:53:36
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