Shipbuilding
Crisis of Turkey
Turkey’s shipbuilding industry has been experiencing a serious decline in production over the last four months. Erkan Selah, a leading figure of the industry, says the ‘shipyards crisis’ is due to the controversy over fatal workplace accidents ...
2008-12-24 11:28:46
Seeking yard space in Dubai
Local shipbuilding and repairing firms are struggling to find more yard space in the country as they seek to expand their business operations, said a senior executive of a shipbuilding and repair company in Dubai. While demand for new builds and repa...
2008-12-24 07:56:05
2-3 Minor yards out
It was pointed out that as shipbuilding industry is exposed to various crises due to the international recession, the plan to invest in shipbuilding facilities should stop as well as dropping the unprofitable orders from the existing order-intakes. S...
2008-12-24 07:34:49
Hamburger Lloyd to switch boxships order
German owner and shipmanager Reederei Hamburger Lloyd is in negotiations with Chinese shipyard Jiangnan Changxing Shipyard to switch an order for two 5,100 teu containerships to two 4,600 teu vessels. The two vessels vessels are due for delivery in 2...
2008-12-24 07:12:07
Consolidation to shake-up Korean shipbuilders
A shake-up in the shipbuilding industry is expected next year as major shipyards grab a larger share of a shrinking market at the expense of less established players, some of whom will go bust. However, shipbuilding is forecast to recover in 2010. ...
2008-12-24 07:09:14
Newbuilding orders in Nov. hit the lowest
Global newbuilding orders in November stood at 19 ships (300,000 CGT), the lowest level since January 1996, with order backlog diminishing once again. The volume of new orders last month is 93% smaller than that of January this year, and during th...
2008-12-24 06:23:58
Now is a time for investment : Korean Major
New orders nearly ceased and many say shipbuilding industry is at stake but South Korean major shipbuilding companies’ officials are turning their mind back to 1990s. About 20 years ago, shipbuilding market was severely depressed but South Korea...
2008-12-24 06:17:18
Newbuilding orders shrink 60% next year
As global financial crisis and shipping market slump are expected to last for some time, many say depressed newbuilding market will continue next year as well. According to industry sources, new orders at South Korean, Chinese and Japanese shipbui...
2008-12-24 06:13:31
STX wins four MR
South Korea’s STX Shipbuilding has won an order for four tankers amid global shipbuilding market slump. The shipbuilder said it has received an order for the construction of four 50,400-dwt tankers with options for two more from a European shipo...
2008-12-23 12:32:07
General Dynamics secured $14bn submarines
The U.S. Navy on December 22 reaffirmed the strategic need for a robust, adaptable submarine force by awarding General Dynamics Electric Boat a contract valued at $14 billion for the construction of eight Virginia-class submarines. Electric Boat is a...
2008-12-23 07:58:21
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