Shipbuilding
Crisis hit lowest orders since 2001
The number of newbuildings ordered last year slumped to the lowest level since 2001, according to Clarkson Research Services (CRS). Overall ordering activity decreased 55% year-on-year, dragged down particularly by a 50% decline in bulk carriers. ...
2009-01-09 11:52:17
TMT chops VLOOs at Hyundai
Taiwan Maritime Transport (TMT) reportedly has cancelled two very large ore oilers (VLOOs) on order at Hyundai Heavy Industries in South Korea. Sources say the Taiwanese owner has scaled down its VLOO contract at the shipyard to 10 ships. A Hyund...
2009-01-09 11:19:10
Shipyard clusters to dot Gujarat coastline
From housing the world's largest ship-breaking yard, Gujarat is now gunning for the status of a global ship-building hub. Gujarat government has decided to take a cluster approach for building shipyards along the state's 1,600-km-long coastline. A...
2009-01-09 07:41:17
North-American shipyard completed in China
Tricon Marine, a high-quality builder of FRP/Composite luxury yachts up to 180 feet (55 meters) long, has completed construction of China's first and only North American-owned and operated shipyard. Yachts currently under construction have been m...
2009-01-09 07:28:54
Cosco sees more cancellations
Great Eastern (GE) Shipping of India has axed a pair of bulker newbuildings in China as the dry-bulk and financial markets continue to suffer. The Mumbai-based owner is also “evaluating the situation” with regards to the rest of its orderbook ...
2009-01-09 07:12:48
China set a new record in ship repair
January 7, 2009, it was reported that the amount of foreign vessels repaired in Chongming Island and Changxing Island, Shanghai, set a new record by a 17.6% year-on-year increase. According to the statistics released by Shanghai Wusongkou Checkpoi...
2009-01-09 07:11:26
Restructuring speeds up
Restructuring of small and medium sized shipbuilders is gaining speed in South Korea. A high-ranking official at Financial Supervisory Service (FSS), a government watchdog said, “We will make some tangible accomplishments as soon as possible wit...
2009-01-09 06:13:05
World’s first FDPSO completed in Dalian, China
December 6, 2008, the MPF1000, world’s first FDPSO (a floating, drilling, production, storage and offloading unit) was completed by COSCO Shipyard. MPF1000 FDPSO is equipped with drilling, production and storage facilities and it is the largest and...
2009-01-08 07:17:55
GMG shipbuilding will be soon...
The prophase work for the Zhongshan Guangji shipbuilding project that mainly Guangdong Machinery IMP. & EXP. invests in has been completed now and it will be in operation by the beginning of next year. It is understood that the Zhongshan Guangji ship...
2009-01-08 07:16:38
Korea orders six more submarines
A contract for the delivery of six material packages to build Class 214 submarines for Korea was signed in December 2008 by Howaldtswerke-Deutsche Werft GmbH (HDW), a company of ThyssenKrupp Marine Systems AG, and MarineForce International LLP (MFI)....
2009-01-08 07:08:56
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