Shipbuilding
Japanese declare Force Majeure: Delay of Delivery
Amid growing concerns over continued supplies of deck equipment following the failure of Japanese Tsuji Heavy Industries, a shipyard has apparently declared force majeure to the owner in a bid to protect itself from possible damages necessitated by d...
2008-12-22 06:41:56
Eagle Bulk rejigs ship order
Eagle Bulk Shipping has unveiled a restructuring of its massive newbuilding programme under which the company will preserve 100% of its down payments with the shipbuilder, amounting to $47m, while ridding itself of eight new ships with no timecharter...
2008-12-22 06:20:28
Restructuring, must for shipbuilders
As shipbuilding market faces a severe slump due to global economic slump, it seems inevitable for some small and medium sized shipbuilders in South Korea to undergo restructuring. According to a report released by the Bank of Korea on December 17 tit...
2008-12-19 11:23:02
India freezes shipbuilding biz at new yard
Major construction group Larsen & Toubro (L&T), which is building a large-scale shipyard in the east coast of India, appears to have frozen its plan to advance into the business of shipbuilding at the new yard, according to overseas newspaper reports...
2008-12-19 09:32:04
9 bidders for SCI VLCC
Six top firms from South Korea, the world’s biggest shipbuilding nation, two from China and one from India are competing for a contract estimated at $540 million (Rs2,554 crore) to build four so-called super tankers, or large crude carriers, for th...
2008-12-19 08:49:54
Atlas Shipping bankrupt, orders up in the air
Atlas Shipping chief executive Bo Kristensen admits he has “no idea” what will happen to the bankrupt company’s newbuilding orderbook. The Dane also said Atlas has been busy shifting chartered dry-bulk tonnage off its books as rates all but ...
2008-12-19 08:27:54
NCL cruiseship cancelled at STX France
Union leaders at STX France have been told officially that Norwegian Cruise Line (NCL) has cancelled its order for the second of two 150,000 gt, 2,100 cabin cruiseships it was having built at the company’s Saint Nazaire yard. The shipbuilder has si...
2008-12-19 08:21:50
CSSC invests in new shipbuilding base
The foundation laying ceremony of CSSC’s Zhongshan shipbuilding base in Huoju development zone was held and shipbuilding project contract between Zhongshan municipal government and China State Shipbuilding Corporation (CSSC) was signed on December ...
2008-12-19 07:55:44
Chinese shipbuilding increases 54.5%
According to the industrial major products output and increment speed promulgated by China’s National Bureau of Statistics, China’s civil-use steel vessel outcome for the first eleven months in 2008 amounted to 20.4075m tons in total, a 40.0% yea...
2008-12-19 07:53:01
Shandong focuses on 3 shipbuilding bases
Shandong provincial government has recently proposed accelerating the construction of three shipbuilding bases in Qingdao, Yantai and Weihai and focusing on cultivating six shipbuilding industry accumulation areas such as Qingdao Economy and Technolo...
2008-12-19 07:51:09
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