Shipbuilding
China overtakes Korea in orderbook ?
China is in hot pursuit of South Korea to become the world’s No. 1 shipbuilding nation. Last year, South Korean shipbuilders have some 3% points larger market share in terms of orderbook than Chinese rivals but recently the gap narrowed to 1% po...
2009-05-28 06:26:15
SSW quits shipbuilding
Bankrupt SSW Schichau Seebeck Shipyard in Bremerhaven will no longer build new vessels. A creditors’ meeting on Monday agreed to a plan presented by a group of investors to convert the yard into a maritime business park. The shipyard filed ...
2009-05-27 07:20:26
Japanese orderbook down 12%
Japan’s newbuilding orderbook has shrunk by over 12% since the market highs of September 2008, latest data shows. At the end of April the orderbook was 62.3mgt, according to the Japan Ship Exporters’ Association (JSEA). At the end of September...
2009-05-27 07:13:44
Orders adjustments, ‘more widespread’
. Cancellations and delays of newbuilding orders are significantly more widespread than has been made public, according to ship financiers Deutsche Schiffsbank. The Hamburg and Bremen-based bank anticipates that this year alone more than 10% of th...
2009-05-27 07:09:00
Chances of cancellations, ‘insignificant’
Recently, the possibility of shipbuilding order cancellation and renegotiation is mounting in South Korea due to the fall in newbuilding prices, but a security company says the scenario is less likely going forward. Seoul-based Daewoo Securities anal...
2009-05-27 06:40:21
Order cancellations swell
The rate of newbuilding cancellations at Chinese shipyards accelerated sharply last month, while very few new orders are forecast given attractive secondhand prices. Data from the China Association of the National Shipbuilding Industry (CANSI) sho...
2009-05-26 07:09:37
Outlook of global: 20m dwt orders
Global shipbuilding market is not expected to be good in 2009. Global new ship turnover posted fewer than 2 million DWT in Q1 of 2009, so that the whole year's turnover is expected to be fewer than 20 million DWT and lower than order cancellations. ...
2009-05-26 07:04:34
ETA sells newbuilding hull
An Emirates Trading Agency (ETA)-owned kamsarmax newbuilding is said to have been sold to undisclosed South Korean interests. Brokerage sources reported Friday that the 80,500-dwt Star of Kilakarai (built 2009) has fetched $38.5m. The bulker is du...
2009-05-25 14:04:15
Seko launches 20K TK at midnight
Seko Heavy Industries of South Korea held a launching ceremony for the 20,000-dwt class chemical tanker ‘Royal Stella’ on May 23rd. The floating ceremony was exceptionally held from midnight, for some one and a half hours. At the ceremony p...
2009-05-25 11:38:13
Hyundai cut steel for construction of Volga ships
Hyundai Corporation in China has commenced metal cutting for construction of a head 5,280-dwt dry cargo carrier project DCV36 for Volga-Baltic Company. The contract for construction of ten vessels was signed by Viktor Olerski, Chairman of the Council...
2009-05-25 07:26:19
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