Shipbuilding
Steel price fall leads newbuilding price
Massive falls in shipbuilding steel plate prices could see the cost of newbuildings fall for the first time in five years. Prices of some ship types are forecast to fall by as much as one fifth this year as a result of depressed ordering activity...
2009-01-08 06:54:04
Gloomy for newbuilding: 40%↓
The prospects for the shipbuilding industry this year are discouraging, says Merrill Lynch Investment Security in its latest shipbuilding industry analysis report, because the negative factors such as new order decline, newbuilding price fall are not...
2009-01-08 05:57:15
Sungdong delivers its first newbuilding in 2009
Sungdong Shipbuilding & Marine Engineering received as much as KRW1bn (USD770,000) of reward from shipowner for the first newbuilding it delivered in 2009. On January 6th the South Korean shipbuilder held a naming and delivering ceremony for the 9...
2009-01-07 11:25:50
Hyundai completes 102 vessels
World Top spot Hyundai Heavy Industries (HHI) announced that its newbuilding completions in 2008 reached a total of 102 units, up 22 ships from 2007. The record is a world first for any major shipyard. Since 1974, HHI has completed a total of 1...
2009-01-07 10:17:50
Shipowners will cancel 40-50% bulker
China Shipping Container Lines revealed that the fourth quarter’s high season for the container ship is over, therefore, weak market will appear in short period, in a long-term perspective, as it is still unknown that when the world economy will sh...
2009-01-07 07:23:25
Shipbuilding volume increased 6%: German
In 2008, German shipyards built a total of 79 commercial vessels, with a total tonnage of 1.5 million M/T, a 6% year-on-year increase. 41 out of 79 vessels were delivered to German domestic shipowners, 16 out of a total of 51 container ships, were...
2009-01-07 07:21:14
Polarization widens further
Polarization among shipbuilding companies is widening amid global economic recession. WOORI Investment & Securities analyst Song Jae-hak said, “World shipbuilding industry has entered a downward cycle with new orders sharply declining and newbui...
2009-01-07 06:08:00
Highest production amid slump
South Korean large shipbuilders are expected to deliver over 500 ships this year, the highest figure ever. According to Korea Shipbuilders’ Association (Koshipa), its nine member companies, which are major shipbuilders, have completed over 400 n...
2009-01-07 06:00:31
Fincantieri completes acquisition of Manitowoc Marine Group
Fincantieri – Cantieri Navali Italiani S.p.A. announced today it has successfully completed the acquisition of Manitowoc Marine Group from its parent company The Manitowoc Company, Inc. [NYSE: MTW], following all the required regulatory approva...
2009-01-06 18:06:42
Evergreen denies grand shipbuilding project
Taiwan’s Evergreen Marine Corp has rejected a local media report that it plans to spend more than $5.5bn to build 100 new boxships by 2012. Chinese newspaper Economic Daily News reported Tuesday that the shipping line expects steel prices would ...
2009-01-06 17:37:36
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