Shipbuilding
Taiwan invests $20m for yachts yard
Kha Shing shipyard, Taiwanese builder of the Monte Fino range of motoryachts, is investing $20m in two new facilities that will operate alongside its two existing sites in Kaohsiung City. Construction is already well underway at the recently acquired...
2009-03-09 07:58:10
GEM takes delivery of the first in series
Product tanker operator Gulf Energy Maritime (GEM) has taken delivery of the first out of six new vessels scheduled for delivery this year from South Korea's Hyundai Mipo Dockyard (HMD), one of the world’s largest shipbuilders. Named Gulf Muttrah, ...
2009-03-09 07:34:39
Price war: Euro-Asia
Shipyards in Germany -- Europe's largest shipbuilder -- expect a price war with Asian rivals to break out this year amidst a drop in orders that has pushed four companies into insolvency, a top official said. Werner Lundt, managing director of the...
2009-03-09 07:02:34
2nd Restructuring: S Korea
In South Korea, a set of appraisal standards for the second round restructuring of construction and shipbuilding industries will be announced on March 9th. According to banking industry, main creditor banks of construction and shipbuilding firms a...
2009-03-09 06:25:02
Bharati Shipyard bags $54m defence contract
Bharati Shipyard, a leading Indian private sector shipbuilder, recently said it has bagged a Rs 281 crore ($54m) contract from the Ministry of Defence for supplying 15 interceptor boats for Indian coast guard. These vessels are lightweight specialise...
2009-03-06 17:10:42
Putin urges Russian commercial shipbuilding
Russian Prime Minister Vladimir Putin is to chair a meeting in St. Petersburg on March 6t h on the development of the Russian civilian shipbuilding industry. "We plan to discuss at the meeting the main aspects of the development of the Russian civ...
2009-03-06 11:37:08
Indian shipyards see tailwind in govt's subsidy
With Indian government now ready to disburse Rs 5,000 crore (some $968m) towards outstanding subsidy, the fledging Indian shipbuilding industry is upbeat once again. The industry, going through a down cycle, is also looking forward to a fresh subsidy...
2009-03-06 11:27:39
No salary until recovery: Hyundai CEOs
Hyundai Heavy Industries (HHI) said that its upper management will cut back on their accepted salaries, with the company's two ceos Min Keh-sik and Choi Kil-seon forfeiting their entire salaries to the company in return for the labor union's concessi...
2009-03-06 11:18:44
Pakistan aims to be a leading shipbuilding country
Concerted efforts would ensure that Pakistan becomes a leading shipbuilding country in the region in line with its potential and ideal location. This was stated by the Federal Minister for Defence production, Abdul Qayyum Khan Jatoi here on Thursday....
2009-03-06 11:10:32
Sasaki to accept contractual change
Sasaki Shipbuilding has expressed an intention to accept a request from Eitzen Gas, a subsidiary of Norwegian operator Camillo Eitzen & Co. (CECO), for altering terms of a contract for building large-type LPG carriers instead of six 2,500-cu.m semi-r...
2009-03-06 07:24:41
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