Shipbuilding
China unveils shipbuilding stimulus plan
On June 4th, China's Ministry of Industry and Information Technology (MIIT) said, according to 《A Program of Shipbuilding Industry Adjustment and Development》, that China will extend its market share in global shipbuilding to more than 35% by 201...
2009-06-08 16:44:58
China’s detailed plan for boosting shipbuilding
China unveiled its detailed stimulus plan for the shipbuilding sector, an agenda for helping shipbuilders to cope with the global financial crisis. Under the three-year stimulus plan, China will encourage eligible companies to list and sell bonds...
2009-06-08 07:24:51
Extra costs for delaying newbuildings
Owners asking for delivery delays of two years or more will have to pay dearly to get rules-compliant ships. Shipowners negotiating with yards to delay deliveries are being warned they will face paying millions of dollars in extras to meet new env...
2009-06-08 07:06:11
Stralsund wins river-cruise sextet order
Munich-based group Premicon AG has injected some life into Germany's shipbuilding industry with orders for up to six large river-cruise vessels and says it remains on course to take delivery of its first containerships. The shipping-finance and to...
2009-06-08 07:02:02
Shipbuilders waiting for orders revival
No significant fresh contracting is expected this year as yards continue to be hit by order cancellations. Last week's cancellation by Frontline of $556m-worth of tanker orders comes at a time when shipyards were expected to be winning rather than...
2009-06-08 06:50:50
Geden axes capesize pair at Rongsheng
A Turkish player has cancelled a pair of bulkers but both owner and yard are said to be in a "win-win" situation. Geden Lines of Turkey has cancelled a contract for two capesize bulkers at China's Jiangsu Rongsheng Heavy Industries but remains on ...
2009-06-08 06:41:53
China upgrades shipbuilding
China plans to focus on building high value-added vessels and raise the market share to 20% in the cutting-edge ship sector by 2011. The Ministry of Industry and Information Technology on June 5th revealed shipbuilding restructuring and developmen...
2009-06-08 06:16:37
Seatrade in talks to reduce reefer orders
Reefer giant Seatrade is said to be in discussions to restructure its newbuilding portfolio. Sources say the owner is looking to reduce the number of reefers it has on order at Kitanihon Shipbuilding of Japan but a clear picture has yet to emerge....
2009-06-05 16:04:31
CSAV & Dohle downsize boxships on order
CSAV and Germany's Peter Dohle are downsizing an order of their biggest containerships in South Korea. A series of eight 12,600-teu ships on the books at Samsung Heavy Industries is likely to be converted into smaller vessels of 7,000 teu to opera...
2009-06-05 15:57:19
Orient names its first newbuilding
South Korea’s Orient Shipyard held a naming ceremony on June 5th for its first newbuilding OSN-1001. Minister of Gender Equality Byun Do-yoon was the sponsor for the vessel and she christened the 33,300-dwt bulk carrier ‘Ocean World’. The O...
2009-06-05 13:29:29
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