Shipbuilding
Niche focus may save German shipbuilding
Various German shipyards are struggling but industry leader Werner Lundt reckons the world's fourth-largest shipbuilding nation has a better chance of surviving than some of the mass-market facilities in Asia. Plenty hinges, however, on what financia...
2009-03-02 06:40:37
More good than predicted: 'Start-up' yards
Shipbroker Clarkson has questioned whether the inability of "start-up" shipyards to deliver on time and to contract will rescue the bulker sector from huge oversupply. Managing director of Clarkson Research Services Martin Stopford says some already ...
2009-03-02 06:31:37
Hyundai orders crash 54%
Hyundai Heavy Industries saw new orders crash 54% in January compared with a year earlier. The world's largest shipbuilder said it secured contracts totalling $863m in January but these deals were all for marine engines and offshore equipment. The...
2009-03-02 06:22:39
Newbuilding orders down 50%
Global newbuilding order intakes in 2008 were down by 50% on those in 2007 which marked all-time high. According to Lloyd's Worldwide provisional Shipbuilding Statistics, last year’s shipbuilding order receipts amounted to 2,865 ships or around 86...
2009-03-02 06:08:13
Indian to set up $450m new shipyard
Indian enterprises are pressing ahead with schemes to construct new shipyards, despite worries of excess in global shipbuilding capacity. According to industry sources, Shri Mataji Ashapura Ports, Infrastructure Leasing & Financial Services (IL&FS...
2009-02-27 13:10:00
Jiangsu inks 43K bulkers with Ningbo
China’s third largest domestic shipper, Ningbo Marine has ordered two handymaxes at compatriot Jiangsu Hongming Shipbuilding for around $70m. Ningbo already has a 43,000-dwt bulker on order at the shipyard set for delivery in September. The two ...
2009-02-27 11:48:57
Newbuilding order rebound will come in the 2nd half
STX Shipbuilding of South Korea is predicting a return of newbuilding orders in the second half when financing difficulties ease. It has also provided more details on a possible re-listing of its STX Europe arm, the former Aker Yards. Vice chairma...
2009-02-27 08:06:49
Frontline suezmax newbuilding deliveries delayed
As it faces tight financing, Frontline will take even later delivery of eight suezmax newbuildings, the tanker owner's finance chief revealed Thursday. The octet on order at Rongsheng shipyard will be delayed by between five and nine months, Inger...
2009-02-27 07:56:55
IHIMU to speed up development of new products
IHI Marine United (IHIMU) intends to exert itself to expand its construction menu and accelerate development of products in preparation for the prolonged slump in newbuilding demand and intensified competition with other countries. Yoshinori Imashimi...
2009-02-27 07:45:50
Frontline, no newbuilding order cancellations
Frontline said yesterday it did not expect to cancel any of its 18 tanker newbuildings on order, as other owners and operators were forced to rethink business strategies amid a global recession. “It’s important to remember why we ordered these sh...
2009-02-27 07:30:46
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