Shipbuilding
Asia's largest ship repair base starts production
China Merchant Group’s Youlian ship repair base in Zizhou Island in Shenzhen officially starts its production after one year trial operation. It will be the largest ship repair base in China and Southeast Asia. The shipbuilding base is loca...
2008-12-23 07:04:57
50% of Chinese shipyards may lose
Yangzijiang Shipbuilding CEO Yuanlin Ren’s outlook on Chinese shipbuilding industry is not optimistic. He said, Chinese shipbuilding industry is facing great risks brought by financial crisis and 40-50% of Chinese shipyards might close down in s...
2008-12-23 07:02:38
Bulkers replaced by tankers
Ailing dry-cargo rates have led a mystery European shipowner to switch an order for three bulk carriers at Hyundai Mipo Dockyard. Seoul-listed Mipo says it will now build three bulkers and three chemical tankers for the European company after the ...
2008-12-23 06:48:55
Navig8 cancels product tankers order
The significant diversification by Drydocks World Dubai into the mainstream newbuilding market has been dealt a major blow, following with the cancellation of a newbuilding contract for four MR product tankers by Singapore-based Navig8 Group. The tan...
2008-12-23 06:38:59
Hanjin wins nine coast guard vessels
South Korea’s Hanjin Heavy Industries & Construction (HHIC) on December 22 said it has signed a contract with Public Procurement Service, a governmental procurement agency, to build a total of nine coast guard vessels for KRW218.8bn (USD167m). T...
2008-12-22 14:21:29
A baby sponsor names an ultra large containership
A two-year old baby stood sponsor to a large ship and became the youngest sponsor in the world. Usually, a sponsor for a ship is a heroine in a christening ceremony and in most cases wives or daughters of shipowners or high ranking officials of sh...
2008-12-22 13:44:56
Shipbuilders desperate for survival
As shipping market slows due to global economic recession, South Korean shipbuilding industry is also expected to experience slump and shipbuilders are desperate to seek new breakthroughs. New orders for ships drastically declined since the fourth...
2008-12-22 11:46:50
Orders drop in Japan
Shipyards in Japan, the world's third-largest shipbuilding nation, received 83 percent fewer orders last month as the global financial crisis cut demand for new vessels. The yards received orders for 219,823 compensated gross tons in November, the Ja...
2008-12-22 08:15:39
Fincantieri reconsiders delivery date
Italy’s Fincantieri revealed, it has recently been requested the late delivery of the cruises by some cruise companies. An official at Fincantieri said that it is mainly due to the jump in raw material prices followed by weakened USD exchange rate....
2008-12-22 07:42:53
USA wants more shipbuilding
U.S. Senator Susan Collins, R-Maine, and U.S. Senator Mary Landrieu, D-La., on Dec 19 wrote President-elect Barack Obama urging his Administration to support robust shipbuilding policies that would support the U.S. Navy, Marine Corps, and Coast Guard...
2008-12-22 07:20:42
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