Shipbuilding
14 shipbuilding projects begin in Shanghai
According to the website of Shanghai Municipal Government, Chongming county in Shanghai is actively attracting investments from shipbuilding industry and it accelerated the construction of Changxing industrial base, 14 new shipbuilding-related projec...
2008-12-19 07:46:57
Hyundai, Daewoo miss order targets
South Korea's Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering, the world's No. 1 and No. 3 shipbuilder, missed their order goals this year as the global economic recession has dampened demand for new vessels, an industry source ...
2008-12-19 07:06:40
Shipbuilding orders in Japan at 3-year low
Orders for new vessels slid 82.7 per cent in Japan last month, making it likely that annual shipments in 2008 will fall short of 10 million compensated gross tons for the first time in three years. According to data released Tuesday by the Shipbuilde...
2008-12-19 06:57:23
Chinese yards hit by fall in bulker demand
Chinese shipbuilders have taken a bigger hit than their foreign competitors from the global economic downturn, and the outlook is even gloomier for the next two years. In the first 11 months of 2008, Chinese shipyards reported a 44-percent drop in...
2008-12-19 06:20:33
Oversupply in 2010? Already resolved
Many have been concerned about the fleet oversupply problem expected to occur around 2010 due to too many establishments of new shipyards in China and South Korea for the past couple of years and increasing capacity of existing shipbuilders. But the ...
2008-12-19 06:05:06
China's newbuilding order down 44%
China has witnessed a decline of 44 percent in new shipbuilding orders on a yearly basis during the January-November period, compared with a fall of 37 percent worldwide, and analysts predict a continuation in the downward trend over the next two yea...
2008-12-18 19:31:35
Cancellation exceeds 550 units
The number of newbuilding order cancellations is growing higher and higher since the global financial crisis. According to foreign media report, Japan’s Mitsui O.S.K. Lines (MOL) estimated that a total of 550 newbuildings had been cancelled glob...
2008-12-18 14:50:32
STX Dalian launches its first ship
STX Dalian completed the first phase construction of its shipbuilding complex in Changxing Island, Dalian City, Liaoning Province, China and successfully launched its first ship. Construction work on the STX Dalian shipbuilding complex began in Ma...
2008-12-18 12:18:44
Japan continues to dip below 1 million grt
Export ships contracted by Japanese shipbuilders in November 2008 stood at 10 units aggregating 528,650 grt (219,823 cgt), according to the statistics released by the Japan Ship Exporter's Association (JSEA) on Dec. 18. November order volume, sha...
2008-12-18 09:22:30
Tanker orders will not be cancelled
Existing new-build programmes in the tanker sector of the shipping industry are expected to go ahead with no fear of cancellations despite the current slowdown in the industry's performance, said a senior executive. While ship orders in other sect...
2008-12-18 08:15:46
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