Shipbuilding
Croatian cancels bulker orders
Croatia’s Atlantska Plovidba, the bulk and heavy lift shipping company, has altered several contracts to lower company expenditure during the economic downturn. The Zagreb-listed owner has cancelled two of four Panamax orders for 80,300 dwt vessels...
2009-02-19 07:22:26
European vow to go without subsidy
European Union shipbuilders have pledged to ride out their “worst ever” crisis without a return to 20th century-style subsidies. Despite the complete collapse of orders and signs that newbuilding interest might not return for several years, i...
2009-02-19 07:17:10
Global Leader in Shipbuilding
Korea has recently taken a firm position as a global leader in shipbuilding. At USD 43.1 billion in 2008, the industry ranked first among Korean exports for the first time in history, outpacing automobiles and semiconductors. Shipbuilding is expected...
2009-02-18 12:35:27
Global ship orders dip by 98%
It is reported that shipbuilding industry continues its deteriorating trend after the severe plunge in November 2008. In January 2009, the world together finished 6.353 million DWT shipbuilding and saw the new ship orders posted at 387,500 DWT, down ...
2009-02-18 11:37:18
Volgograd Shipyard in need of liquidity
Russia’s Volgograd Shipyard is struggling to complete its orderbook after losing two of its customers. The yard, owned by MNP Group, which also controls Krasnoye Sormovo, is suffering due to the collapse of Sweden’s Svithoid Tankers last year ...
2009-02-18 08:14:45
Building permits given to 27 ships in Jan: Japan
Japanese shipyards were granted permits for the construction of 27 ships, aggregating 1.16 million grt, in January 2009, according to statistics compiled by the Maritime Bureau of the Ministry of Land, Infrastructure, Transport & Tourism (MLIT). Thou...
2009-02-18 07:56:07
Davie Yards to restart work after a client wins $200m
Canada’s Davie Yards expects to recommence shipbuilding work in March after a key client secured $200m of funding to finance three ship newbuildings. Davie halted shipbuilding work on five offshore vessels when its clients were having funding i...
2009-02-18 07:38:57
Japan's newbuilding orders fell 69% in Jan.
Japan’s shipbuilders saw orders fall 69% in January. Orders received in the first month of the year totalled 193,700 gt in January, a fall of 69% compared with the same period last year. Japan Shipbuilders’ Association chairman Masamoto Tazak...
2009-02-18 07:35:00
Forte restructuring & Accelerating M&A: Chinese shipbuilders
China's shipbuilding industry, which last year suffered its steepest annual decline since 2003, is likely to be squeezed further this year by shrinking order books and order cancellations as the global economy remains in recession. The industry, the ...
2009-02-18 07:22:45
Technology innovation: Essential for long run
“South Korea’s shipbuilding industry now got the opportunity to have a long run,” Han Jang-sub, vice-chairman of the Korea Shipbuilders’ Association (Koshipa) said recently in a contribution to a local newspaper. In his article he described p...
2009-02-18 06:28:13
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