Shipbuilding
STX begins to build 13,000TEU vessels
South Korea’s STX Shipbuilding, which has been mainly constructing MR product tankers so far, starts to build higher value-added large-scale ships in earnest. On March 10th, the shipbuilder said that its Jinhae Shipyard in South Korea recently b...
2009-03-10 11:33:27
Jinglu starts ‘Phase 2’ yard expansion
Penglai Zhongbai Jinglu Ship Industry in China's Shandong province began Phase 2 work on expansion of its yard in late February 2009, a local newspaper reported. The builder will invest 720 million yuan ($105m) to construct new facilities including a...
2009-03-10 08:02:19
Spanish reschedules deliveries to avoid cancellations
Spanish shipyard Factoria Vulcano intends to swap two vessel deliveries to Norwegian oil survey company Petroleum Geo-Services to prevent both being cancelled The yard told PGS subsidiary Arrow Seismic Invest that it plans to deliver hull number ...
2009-03-10 07:49:10
Silversea to ask price cut: Fincantieri newbuilding
Luxury cruiseship company Silversea remains intent on exercising its option for a second 36,000 gt vessel at Fincantieri, but it will be looking for a sizeable price cut before it confirms the order. Interviewed at company headquarters in Monaco, chi...
2009-03-10 07:39:11
Russia builds 1,000 civilian ships in 20 years
Russia's United Shipbuilding Corporation will build more than 1,000 civilian vessels in the next 20 years, the Russian prime minister said on Friday. Vladimir Putin chaired a meeting in St. Petersburg on the development of the shipbuilding indust...
2009-03-10 07:25:39
Jebsen drops orders for 12 bulkers in Vietnam
The Jebsen group of Bergen, Norway has terminated a contract for up to 12 handysize bulkers in Vietnam. Shipowner Bjorn Jebsen said that the project has been put on hold and that there is no longer any contract due to current market conditions. Je...
2009-03-10 07:16:42
Newbuilding price nears historic low
Newbuilding prices tumbled again in January and are set to continue heading south, according to London-based shipbroker Clarkson. Its researchers say the 6.1% drop was the most dramatic for some time. Clarkson's shipbuilding price index fell from ...
2009-03-10 07:13:20
Hanjin inks three Aframaxes
South Korea’s Hanjin Heavy Industries and Construction (HHIC) said Monday it had won a conversion of 2008 orders from a European shipping company. Under the terms of the revised contract, initially inked in summer 2008, HHIC will now build thre...
2009-03-10 07:10:14
Majors would recover in spring
South Korea’s major shipbuilders are expected to report lower revenues in the first quarter of this year against the fourth quarter 2008, reflecting global economic downturn. But their Q2 business results are forecast to rise, recovering gradually....
2009-03-09 15:07:27
S Korean yards remain tough
Boxship owners are struggling to raise cash after shipyards refuse to delay orders. A stalemate between containership owners and South Korean shipyards has raised the spectre of defaults. A majority of containership owners are struggling to pay So...
2009-03-09 11:51:32
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