Shipbuilding
Boxship deferrals to rise to 45%
Around 45% of newbuilding containership capacity scheduled for delivery in 2010 will be delayed or cancelled over the next two years, according to HSBC Global Research. Analyst Steve Man has estimated that delivery delays or cancellations will aff...
2009-03-20 08:04:28
SSW ends shipbuilding to focus on steel
Exactly 130 years after the delivery of the first steamboat from the then newly-founded Seebeckwerft, the yard’s latest successor, SSW Schichau Seebeck Shipyard, is to end shipbuilding activities. On Tuesday, SSW’s 320-strong staff was told by...
2009-03-20 07:56:52
Singaporean yard faces cancellation of order
Hallin Marine has pulled the plug on a newbuilding order in Singapore after the yard was unable to secure refund guarantees. Marco Polo Marine, the shipbuilder involved, confirmed Thursday that the contract had been “discontinued” by “mutual...
2009-03-20 06:56:23
Samsung may win new orders soon
Samsung Heavy Industries vice-chairman Kim Jing-wan (pictured) recently said, “We may deliver good news (receive new orders) from Russia next month, if early.” He said in an interview with local press, “From the second half considerable amou...
2009-03-20 06:21:28
Srab cancels three tanker orders
Sweden’s Srab has cancelled an order for three small products tankers at Eregli Shipyard in Turkey. The company is taking an SEK 32m ($3.83m) hit from the move, as the yard retains the deposits on the 8,400-dwt vessels. All three were due for de...
2009-03-19 07:45:44
65% of bulker orders face cancellation or delays
Newbuilding delays and cancellations are set to significantly increase as owners come under further financial pressure and vessel demand falls. In its latest Asia Shipbuilding report, HSBC estimates that as much as 65% of the 104.5m dwt of dry bu...
2009-03-19 07:32:07
Germans face cancellations of $1.2bn in 2009
German shipbuilders face order cancellations worth as much as 936 million euros ($1.2 billion) this year as the industry reels from overcapacity, the Economy Ministry said. Wharves in ports from Emden on Germany’s western border with the Nether...
2009-03-19 07:11:01
Restructuring not enough
South Korean and Chinese efforts to restructure their respective shipbuilding sectors are backward looking and inadequate, according to Shipbuilders’ Association of Japan executive director Nobutaka Nambu. Mr Nambu said that he would be looking ...
2009-03-19 07:01:13
Hanjin continues new shipyard project to Mindanao
Philippines Cabinet members are confident that South Korea's Hanjin Heavy Industries and Construction would continue a $2 billion shipyard project here. The Korean firm started site development last year but pulled out in April after a misundersta...
2009-03-18 13:50:09
Bharati Shipyard sees some delays, no defaults
Despite the slowdown, India’s Bharati Shipyard has not cancelled or postponed any of its greenfield expansion projects The second largest private sector shipbuilding firm in the country, Bharati Shipyard Ltd, is witnessing some slowdown and dela...
2009-03-18 08:07:28
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