Shipbuilding
Indonesia-21ST Century build ferries
21ST Century Shipbuilding, a South Korean midsize shipbuilder signed a memorandum of understanding with Indonesia’s state-owned PT Indonesia Ferry at the sidelines of summit meetings between South Korea and the Association of Southeast Asian Nation...
2009-06-03 06:45:07
New orders fall 95% in China
New orders placed with China's shipyards fell 95 percent during the first four months of this year, the Ministry of Industry and Information Technology said. Orders from January to April dropped to 990,000 deadweight tons, the ministry said on it...
2009-06-02 05:43:00
GSI unlikely to hit new order target
Chinese shipbuilder Guangzhou Shipyard International is unlikely to meet its target of winning 12 new orders this year, given the state of the shipping markets. Macquarie analysts Winnie Guo and Jon Windham said: “Amid weak shipping freight rate...
2009-06-02 05:39:56
Restucturing goes on
Restructuring of shipbuilding industry in South Korea is expected to continue until the next year, separately from the government-led adjustment. Jo Yong-jun, head of research center, Shinyoung Securities said, "South Korea's shipbuilding market w...
2009-06-02 05:03:44
Newbuilding peaks this year
Global newbuilding output is expected to peak this year, starting to decrease from next year due to order cancellations and delivery delays. The Korea Shipbuilders' Association (Koshipa), based on the data from Clarkson Research Services (CRS), fo...
2009-06-02 04:58:10
Taizhou Sanfu asked for price renegotiation
Taizhou Sanfu Ship Engineering is set to begin talks with owners who have requested lower contract prices for bulk carriers already on order. The privately-owned Chinese shipyard said that it had received no requests to cancel any ships on its ord...
2009-06-01 07:26:33
Fincantieri delivers Costa Crociere cruiseship
Genoa-based Costa Crociere took delivery of the 114,500 dwt Costa Pacifica on Friday at a ceremony at Fincantieri’s Sestri Ponente yard. The vessel, the fourteenth in the Costa fleet, has capacity for 3,780 guests in 1,504 cabins, and will be n...
2009-06-01 07:17:14
CSSC invests $1.5bn in new shipyard
Despite the collapse in the newbuilding market, state-owned Chinese shipbuilder China State Shipbuilding Corporation is planning to invest up to Yuan10bn ($1.5bn) to build a shipyard in Zhongshan, Guangdong province. The project is located adjacent t...
2009-06-01 06:57:56
Shipbuilders softening on order rejigs ?
Applied to newbuilding contracts, cancellations may be one of the words on most people’s lips in shipping today, but not in South Korea, or at least not in the mouths of the people who are actually building the ships. John Fredriksen’s recent...
2009-06-01 06:54:38
Daehan’s normalization accelerates
Daehan Shipbuilding is accelerating management normalization as additional new fund is set to be injected following the decision of capital decrease. The South Korean shipbuilder recently held an extraordinary general meeting of stockholders and p...
2009-06-01 06:16:51
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