Shipbuilding
New orders down 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 ...
2009-05-15 11:43:24
Citi retains ‘sell’ on Daewoo
Citi has retained its ‘sell’ recommendation on Daewoo Shipbuilding & Marine Engineering despite its recent upbeat results. The US investment bank has a target price of KRW14,000 ($11) per share for the stock, a downside of 43% on its current s...
2009-05-15 11:32:29
BHP in talks to order capesizes
Amid the slump in negotiations worldwide, a new deal for newbuildings has surfaced. According to a number of shipbuilding and market sources, resources giant BHP Billiton appears to have sounded out Capesize bulker order to shipyards in Japan, So...
2009-05-15 07:37:29
SFI delays five newbuildings
Ship Finance International (SFI) has delayed the delivery and payment of five newbuilding containerships, as it reported a 33% fall in first quarter net income, to $50m. Operating revenues were also down by 20% on the same period last year, to $9...
2009-05-15 06:50:16
Recovery takes 3 to 4 years
It would take three to four years for commercial ship newbuilding orders to pick up again, according to a securities house’s forecast. Daishin Securities said newbuilding recovery would need two additional years even after the global economic do...
2009-05-15 06:16:37
Sungdong joins Venezuela yard renewal
Sungdong Shipbuilding & Marine Engineering of South Korea participates in Venezuela’s shipyard reconstruction and expansion project. Recently, AHO Group, a South Korean shipbuilding consulting firm has signed a contract to rebuild and expand Ast...
2009-05-14 14:33:01
Gigantism in shipbuilding
Concerns may be rife over the implications for shipping of the size and speed of oceangoing cargo and passengerships, but ships have, of course, grown steadily since the late 19th century alongside advancements in steel, engine and design technology....
2009-05-14 12:01:21
Kockums-USC in cooperation
Kockums, the Swedish subsidiary of ThyssenKrupp Marine Systems, has signed a licensing agreement with the Japanese shipyard Universal Shipbuilding Corporation (USC). The licensing agreement gives USC the right to use Kockums' GRP-sandwich technolo...
2009-05-13 12:08:17
Amur Shipbuilding Plant to be renationalised
Russia’s biggest Pacific coast shipyard is back in state hands and is set for a big state cash boost. Prime minister Vladimir Putin said Amur Shipbuilding Plant has been renationalised for a symbolic sum and will receive hundreds of millions of ...
2009-05-13 12:00:18
Hyundai builds a new shipyard: Kazakhstan
Hyundai Corporation of South Korea is planning to establish a shipyard in the Caspian Sea area. Hyundai Corporation revealed on May 13th that it is negotiating for construction of a shipyard in the Caspian Sea area with Kazakhstan’s state-owned ...
2009-05-13 11:32:45
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