Shipbuilding
Hyundai-Vinashin launches its first ship
Hyundai-Vinashin Shipyard in Vietnam, a joint venture between Hyundai Mipo Dockyard of South Korea and Vietnam’s state-owned shipbuilding group Vinashin, announced on April 2nd that it has launched its first bulk carrier. The joint stock company...
2009-04-03 11:14:06
CSBC wins order for two barges for $107m
Taiwan’s CSBC has won a welcome order for two oil barges from state refiner CPC. The Economic Daily News, citing an unidentified official at the shipbuilder, said the two companies have agreed on a price of TWD 3.6bn ($107m) for the units. The y...
2009-04-03 07:49:15
Austal wins order for a catamaran ferry
Austal has signed a contract with Denmark's Nordic Ferry Services worth approximately AUD $114 million (about US $79 million). It will see Austal build what will be its largest catamaran ferry yet - a 113 m vehicle/passenger catamaran for Bornholmstr...
2009-04-03 07:03:02
Boustead to deliver 7 vessels worth $247m
Boustead Heavy Industries Corp Bhd, a member of the Boustead group of Malaysia, expects to deliver seven vessels worth RM1.0 billion (USD 247 Million) this year. "We should be delivering two patrol vessels, three chemical tankers, one floating yar...
2009-04-02 08:33:57
Conoship ties up with bulker specialist
Groningen-based Conoship International, a specialist in small ship design, has forged a joint venture with companies controlled by bulk carrier specialist Antony Prince. The strategic alliance between Conoship and the Nassau-registered firms Algos...
2009-04-02 07:54:45
Technological advances enhance ship designs
Improving research, design and production methods are helping innovators to push the limits further. By its very nature, ship design is a circumspect and long-term endeavour. Fuel price volatility, the environmental impact of shipping activity and...
2009-04-02 07:48:57
Majors secure only 1 order
South Korea’s major shipbuilders received only one newbuilding order in the first quarter of 2009. Global shipbuilding industry is now experiencing a severe order drought and fears are mounting that shipbuilding slump could last for a long time....
2009-04-02 06:42:34
Slump could last a decade
Shipbuilding slump such as new order drought and existing order cancellations could last as much as 10 years, according to a prospect. Especially, small and midsize shipbuilders could face closure and it is said they urgently need restructuring such...
2009-04-01 11:48:38
Anxiety of troubled yards
The future of South Korean shipbuilder YS Heavy Industries is in doubt following a decision to not offer government financial aid. The Yeosu based shipbuilding company is deemed as “non-viable” by Korea’s Financial Supervisory service (FSS) ...
2009-04-01 08:15:08
Imabari builds 100th 28K bulker
Imabari Shipbuilding has successfully built its 100th 28,000-dwt bulker. The builder delivered the 100th ship, the Lake Konpira, at its Imabari head office plant, to Panama's Twin Bright Shipping on March 30. With the delivery of the ship, Imabari ha...
2009-04-01 08:09:02
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