Shipbuilding
China exceeds 27 Mil dwt : 2008 shipbuilding
According to the latest statistics released by Clarkson Research Service (CRS), China’s 2008 shipbuilding output will amount to 27 million dwt which is one fourth of the world’s total shipbuilding amount. In addition, on the shipbuilding manageme...
2009-01-20 16:52:21
ABG Shipyard orderbook may shrink 50%
India’s largest private shipbuilder, ABG Shipyard Ltd, may see up to a 50% cancellation of orders in 2009-10 as falling ship prices have hurt demand for new vessels, DSP Merrill Lynch Ltd said in a recent report. The shipbuilder has also had to sta...
2009-01-20 15:13:07
Only three into ‘Work-out’
In South Korea, as banking industry’s evaluation of the credit risk of small- and medium-sized shipbuilding firms is entering the final stage, three companies have been identified to date which would face debt workout. According to financial ind...
2009-01-20 14:29:06
Japanese building permits up 31%: highest record
The Maritime Bureau of the Japanese Ministry of Land, Infrastructure, Transport & Tourism issued building permits for a total of 533 vessels of 19.75 million grt in 2008, up 31.2% over 2007. The 2008 figure, as represented in grt, hit a recent hi...
2009-01-20 08:40:08
Buyers cite 'Seller's Default': Canceling New...
More shipowners have begun to cancel their newbuilding orders put at Emerging shipyards by invoking the "seller's default" provision in their contracts. According to market-related officials well versed in the global shipbuilding business, more ow...
2009-01-20 08:07:28
MISC halves ship orders: SLS
MISC Bhd has halved its planned orders for eight vessels that were to be built by SLS Shipbuilding Co Ltd of South Korea. In a filing to Bursa Malaysia yesterday, the national shipping firm said both MISC and SLS have agreed to revise the order to fo...
2009-01-20 07:55:11
Axed six at JES identified
Pancoast Trading and Tankerska Plovidba are believed to be the owners behind the cancelled orders at China’s JES International Holdings. The Singapore-listed shipbuilder confirmed on Friday that two customers had pulled orders for six 37,500-dwt...
2009-01-20 07:43:20
Korean shipyards ‘urged’ to delay boxship deliveries
German shipowner Claus-Peter Offen has raised the stakes in the rapidly worsening shipping crisis with a blunt message to shipyards that they must delay container vessel deliveries, or put the future of their own businesses at risk. With ordering...
2009-01-20 07:20:09
Order cancellations would ‘soar’
Since the second quarter, shipbuilding order cancellations would mount, WOORI Investment & Securities forecast. WOORI analyst Song Jae-hak on January 19th said, “The plummeting newbuilding prices and shipping market slump would result in a surge...
2009-01-20 06:25:22
Revitalization plan on Chinese shipbuilding industry
According to China Business, "Revitalization plan on Chinese shipbuilding industry", one of the ten key industrial revitalization plans led by China’s National Development and Reform Commission, has been completed, and will soon be submitted to the...
2009-01-19 23:54:17
Start  Prev  1441  1442  1443  1444  1445  1446  1447  1448  1449  1450  Next  End