Shipbuilding
HHIC eyeing new products other than boxship
South Korean builder Hanjin Heavy Industries & Construction (HHIC) seems to be looking into a shift from a containership-centered production system.
2009-06-10 07:33:42
Over 500 newbuildings canceled
It looks that contracts for at least 500 newbuildings have so far been canceled across the world. Japan’s Kaiji Press (KP) confirmed that such cancellations since 2008 had involved 533 vessels by the end of May 2009. Bulkers accounted for 341 o...
2009-06-10 07:07:20
MHI estimates 807 newbuildings canceled
Contracts involving a total of 807 newbuildings have been canceled across the world, according to a tally presented by Mitsubishi Heavy Industries (MHI) at a briefing session in Tokyo on June 4. The total included 459 bulkers, 143 tankers and 105...
2009-06-10 07:01:10
Bergen lands massive fishing vessel contract
Norway's Bergen Group has landed a whopping fishing vessel order from Russia. Subsidiary Bergen Group BMV has signed a NOK 2.7 billion ($435.3 million) contract to deliver two advanced pelagic trawlers and research vessels to Aqueda Shipping Limi...
2009-06-09 14:36:27
STX Europe to return to the black
STX Europe is expecting to return to profit this year. The shipbuilder said large cruiseship order is forecast to be placed soon and it is strengthening its offshore plant and eco-friendly ship sectors, which are believed to be next generation engine...
2009-06-09 12:27:18
Fincantieri weathering the crisis
As Italian state shipbuilder Fincantieri makes its first temporary layoffs at the Castellammare di Stabia yard this week, chief executive Giuseppe Bono is counting on improved efficiency and financial innovation to pull the company through the crisis...
2009-06-09 11:37:30
Chinese shipbuilders in a pinch
China's shipyards continue to scrape along with continuing declines in new business and growing risk of cancelled orders. The industry began losing steam in the second half of 2008 and business in the first four months of this year also ebbed. Ne...
2009-06-09 11:29:21
Romanian yards see no orders in 2009
Romanian shipyards are expected to face one of the hardest years, as they have not received any orders since the beginning of the year, said Gelu Stan Head of the National Shipyards Association (ANCONAV). For instance, Daewoo Mangalia Heavy Indus...
2009-06-09 07:08:58
Pacific Basin delays Ro-Ros for €17.7m
Pacific Basin Shipping is to pay almost €17.7m ($24.5m) to delay the delivery of three ro-ro vessels on order at Denmark’s Odense Shipyard until 2011. The Hong Kong-listed handysize and handymax specialist blamed weak demand in the European r...
2009-06-09 06:54:33
Safe Bulkers cancels cape
Safe Bulkers has trimmed its capital expenditure by $12m by cancelling one of its two capesize newbuildings and making other adjustments to its newbuilding portfolio. Polys Hajioannou’s New York Stock Exchange-listed dry bulk operator has delay...
2009-06-09 06:49:38
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