Shipbuilding
German shipbuilders suffer from order slump
German shipbuilders saw the lowest order intake since 2001 last year. The German shipbuilders’ association VSM said that yards received orders for just 46 vessels worth €2.9bn ($3.8bn) in 2008, compared to 79 orders in 2007. “The orderbook h...
2009-02-04 11:11:40
“Optimistic”, STX Europe CEO says
STX Europe is well-placed to ride out the current financial downturn, says its chief executive Torstein Dale Sjøtveit. As shipowners call a halt to ordering new vessels amid the global economic crisis and rapidly growing overcapacity, shipbuilder...
2009-02-04 11:02:24
Vietnam’s shipbuilding on the rise
At a time when a host of difficulties are emerging for the world’s largest shipbuilders, experts have questioned Vietnam’s shipbuilding industry, especially in the face of the global economic slump and the absence of a sustainable development pla...
2009-02-04 07:44:49
Fujian Province showed rapid growth in vessel exports
According to the custom’s statistics, Fujian province’s 2008 total vessel exports amounted to USD 1.23bn with 1.685 million units, an 86.6% and 110% increase against 2007 respectively. The main features of exports are : 1. Processing trade ex...
2009-02-03 19:07:44
China occupied 30% in world shipbuilding market
According to the Ministry of Industry and Information Technology (MIIT) of the People’s Republic of China, Chinese shipbuilding industry showed outstanding operational results and China’s major economic indicators showed rapid growth continuously...
2009-02-03 18:48:56
China 2008 profit increased by 50%
According to the latest news from Ministry of Industry and Information Technology of the People’s Republic of China (MIIT) on February 2, despite the various challenges, such as continuous fluctuations of raw material price including steel and appr...
2009-02-03 18:43:18
Majors secured $48.2bn orders in 2008: South Korea
In 2008, South Korea’s major shipbuilders belonging to the Korea Shipbuilders’ Association (Koshipa) received newbuilding orders for 467 ships of 14.02m CGT worth $48.2bn, down 40.7%, 32.4% and 31.8% year-on-year respectively, amid global shipbui...
2009-02-03 12:11:38
STX Europe denies Korea move
Europe's largest shipbuilder says it will keep making its high-value cruise ships in its European yards, in spite of speculation that its new owner might move production to South Korea. Torstein Dale Sjotveit (pictured), chief executive of STX Eur...
2009-02-03 07:57:28
Flush Chinese shipbuilders face defaults in 2009
Chinese shipbuilders are seeing a rise in defaults on new orders, and face "severe challenges" in the next few years, after a flush 2008 in which profits grew by 50 percent, the Xinhua news agency said on Monday. China's shipbuilding industry, which ...
2009-02-03 07:51:45
Stray PSV newbuild settles
Per Saevik has bought a platform supply vessel (PSV) newbuilding which has just been completed at troubled Havyard Solstrand shipyard. Receiver SB1 Midt Norge has sold the 6,920-hp Trico Sapphire to Havship DA, brokers say. The buyer is a KG (limi...
2009-02-03 07:37:41
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