Shipbuilding
Cosco cancels bulker orders
China Cosco Holdings is said to have cut five of its supramaxes on order at a subsidiary yard. Shipping giant China Cosco Holdings is said to have slashed a number of supramax-bulker newbuildings on order at a domestic yard. Market sources say the...
2009-05-01 14:46:56
NSC in talks to delay newbuilding quartet
German owner NSC Schiffahrtsgesellschaft is in talks to decide the fate of four 12,000-teu newbuildings. Managing director Roberto Echevarria confirms discussions are under way with South Korea's Hanjin Heavy Industries to restructure the deal. So...
2009-05-01 14:43:09
Naikai's two-yard system on track
The two-yard, three-slipway system of Naikai Zosen Corp. has started to get on track. In 2008, Naikai resumed operations at No.2 slipway of its Innoshima Shipyard positioned at its main factory. The first ship at the resumed slipway, a 2,500-TEU cont...
2009-05-01 07:34:06
Newbuilding orders kept subdued
The third month of the year proved no exception to the previous ones, since from November onwards, newbuilding orders on a worldwide basis remain under the 1 million-dwt monthly mark. As shipowners are scaling back investments, shipyards are boun...
2009-04-30 11:52:44
More than half cancellations in China
55.65% of the 7.862m cgt terminations seen globally have happened in China thus far. The current global orderbook stands at just shy of 158m cgt. These statistics were provided by Matthew Flynn, MD of shipbuilding database Worldyards, while speaki...
2009-04-30 07:48:09
Fincantieri woe: Cruise and ferry sectors tumble
The cruise lines of the world are beginning to worry about the implications of worldwide recession on demand and the bulging and very expensive orderbook for new vessels. The major ferry companies are also concerned, particularly those heavily inv...
2009-04-30 07:40:19
Chinese crisis
It is reported that the world new ship contracts kept low at 693,700 DWT in March the fifth month with turnover down 1 million DWT. CANSI newly published survey showed China's ship industry continued the downturn from end 2008 to January and Febr...
2009-04-29 08:01:15
Rescue shipbuilders
South Korea has been quick to address the problems facing its maritime industries. Shipbuilding came under the authorities’ microscope first, understandably given the industry’s importance to the nation’s economy. The country's Financial Sup...
2009-04-29 07:40:24
China shipyards face bleak period
Investment analysts have painted a bleak picture for the short term outlook of China’s shipbuilding industry as China State Shipbuilding Corp reported profits down 36% of the first quarter. Shanghai-listed CSSC reported that net profits slid 36% to...
2009-04-29 07:30:03
Danaos delays 15 newbuildings
Danaos Corp revealed on Tuesday that it has delayed 15 newbuildings, and the owner reported a decline in quarterly profits that its chief executive still called "highly satisfactory." The New York-listed containership owner forged a deal with China S...
2009-04-29 07:04:20
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