Shipbuilding
Asian yards lost $25bn: Cancelled orders
An unprecedented number of cancelled orders is thought to have cost Asian shipyards more than $25 billion (£17 billion) in lost revenues. Two of the world's largest fleet owners estimate that worldwide between 250 and 300 orders for bulk carrie...
2009-04-24 11:53:25
Nok Bong’s workout collapses
South Korea’s troubled shipyard Nok Bong Shipbuilding’s debt rescheduling procedure has ended on April 23rd and it seems to file for court receivership. An official at Shinhan Bank, the shipbuilder’s main creditor, said, “At the creditors ...
2009-04-24 11:17:49
Sri Lanka suggests incentives for shipbuilding
Colombo Dockyard stands to benefit from several concessions being considered in the new draft Sri Lankan government shipping policy, industry officials said. The policy, being discussed by the shipping community, says obstacles preventing local s...
2009-04-24 07:13:11
Japanese discount for extra orders
Some Japanese shipbuilders are accepting price cuts on existing newbuilding orders in exchange for owners ordering an extra vessel. “Some owners in Japan are going back to the yard to renegotiate. Some of the Japanese yards are open to reducing...
2009-04-24 07:02:43
Only 9: Orders in March
Amid global newbuilding order drought, just nine newbuilding orders were placed in March worldwide amounting to 0.2m cgt and 0.7m dwt. A total of 26 contracts of 0.5m cgt and 1.3m dwt have been reported in the first quarter 2009 which accounts for ju...
2009-04-24 06:19:52
Shipbuilders received 81.5% less orders
Amid global economic downturn, South Korea’s shipbuilding industry, one of the country’s main export industries, has received some 80% less orders so far this year than a year earlier. On April 23rd Korea Exchange, on the basis of the statisti...
2009-04-23 15:42:59
Petrobras in newbuilding talks
Petrobras executives are in South Korea this week to discuss potential vessel orders that could total between $25bn and $30bn, the company's CFO says in media reports. Executives have held meetings with several of the Asian country's yards, namely Hy...
2009-04-23 07:27:54
Bulker deliveries shrink in Q1
The 97 newbuild dry bulk vessels that entered the fleet in the first quarter were well short of the pace needed to meet the year’s delivery schedule, according to Simpson Spence & Young. Only 10% of the total 964 ships scheduled to enter the dr...
2009-04-23 06:50:55
Shipbuilding orders down 45% in 2008
Orders for new ships contracted at Japanese shipbuilders in fiscal 2008 tumbled 45.2% to the equivalent of 6.7m compensated gross tons, according to data released Tuesday by the Shipbuilders' Association of Japan. With shipping firms less willing ...
2009-04-23 06:06:59
S-S Lead Shipbuilding Industries
Among the big four shipbuilders in South Korea, STX Group is rising fast. Of the four, STX and Samsung Heavy Industries are the only ones which had won newbuilding orders to date this year. The world’s biggest shipbuilder Hyundai Heavy Industrie...
2009-04-22 11:43:32
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