Shipbuilding
PM points to importance of shipbuilding: Vietnam
Priority would be given to the ship building industry – a key sector in the country’s modernisation and industrialisation programme, said Prime Minister Nguyen Tan Dung. The PM was speaking at a meeting with Viet Nam Ship Building Industry...
2009-02-13 17:35:58
Wilh Wilhelmsen: No newbuilding cancellation
Wilh Wilhelmsen will not cut back its bulging newbuilding orderbook despite warning global economic turmoil would hurt its finances in the coming year, its CEO says. WW has the option to return over 30 chartered vessels in 2009 making cuts to its new...
2009-02-13 07:27:10
Biggest "Made-in-Vietnam" ship to be launched this year
The Dung Quat Ship Building Company is doing its best to complete construction on and launch the biggest ever oil tanker to be made in Vietnam by June of this year. The tanker, with a capacity of 104,000 tonnes, is in its final phase of construction,...
2009-02-13 07:17:09
Hyundai wins $120m newbuilding contract
South Korea’s Hyundai Corporation won a newbuilding contract despite global economic recession. Hyundai Corporation announced on Thursday that it has received an order for the construction of ten 5,000-dwt dry cargo vessels for some $120m. Russi...
2009-02-12 15:00:59
Tsuneishi expands in the Philippines
Japanese shipbuilder Tsuneishi Heavy Industries is ready to invest PHP 11bn ($233.88m) on upgrading its yard in Cebu, the Philippines. The expansion at West Cebu Industrial Park in Balamban will require an additional 90 hectares of land and will a...
2009-02-12 08:02:53
China stimulus package at hand
China has approved a support package for its struggling shipbuilders calling on banks to step up financing of ships for export. Its state council has also banned the development of new yards and is offering financial support to domestic owners ove...
2009-02-12 07:25:09
Golden Ocean eyes cancellations
John Fredriksen’s Golden Ocean Group is moving to cancel newbuilding contracts as it renegotiates bank loans after a series of breaches in time charters, secondhand purchase contracts and sale and leaseback deals. The disclosure came after sister c...
2009-02-12 07:20:23
2009 World & China Newbuilding Order Forecast
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2009-02-11 12:20:17
Austal releases more JHSV details
Austal has now released some more details of its winning design for the Joint High Speed Vessel. The JHSV Program will provide high speed, shallow draft transportation capability to support the intra-theater maneuver of personnel, supplies and equ...
2009-02-11 11:46:04
Shipbuilding orders to slump 60%
The world’s new shipbuilding orders are forecast to fall by at least 60% this year, and by half in China, said the China Association of the National Shipbuilding Industry. A research report issued by CANSI last Friday said that new shipbuilding...
2009-02-11 09:38:10
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