Shipbuilding
Navy pushes shipbuilding forward
San Diego’s Nassco, a shipbuilding unit of General Dynamics in Virginia, is bucking the slowdown in a big way. On Dec. 12, the last major shipbuilder on the West Coast announced it received $940 million in additional contract funding from the U....
2008-12-15 08:45:22
Chinese scrap downpayments
Shipyards in China, seeking to overtake South Korea as the biggest shipbuilding nation, may stop asking customers for downpayments as they vie for orders in a global recession. Yards including units of China Shipbuilding Industry Corp., the nation's ...
2008-12-15 08:11:08
CSSC builds the largest diesel engine production base
Although world shipbuilding market has entered into adjustment period due to the international financial crisis, the tendency that world’s shipbuilding industry moves to China still affects investment circles. On December 9, China State Shipbuildin...
2008-12-15 07:43:52
ZOS changes delivery time
International shipping market condition has been changed recently. The world’s financial tsunami brought an unprecedented challenge on shipping industry. In order to ease the pressure on the shipowner’s operation and reinforce owner’s risk-...
2008-12-15 07:40:55
Shanghai expects development of shipbuilers in Rugao
Major shipbuilders’ settling down in Shanghai, implementation of high standard of Rugao logistics shipbuilding industrial park and the official permission of port opening-up in Shanghai accelerated the development of shipbuilding industry in Shangh...
2008-12-15 07:38:09
CESA appeals to banks
European shipyards have begged banks not to panic and pull funding for new vessels based on mass assumptions. The Community of European Shipyards’ Association (CESA) says its members are well placed to tackle the global halt in orders and warns ...
2008-12-12 14:18:46
COSCO Dalian completes MPF-Hull structure
COSCO Dalian shipyard in China completed construction work on the hull of MPF-01, despite the possibility of not being able to recover the US$21 million outstanding due from the contract. The 297-metre (974-ft) long, 50-metre (164-ft) wide and 27-...
2008-12-12 10:21:45
Palmali gets tanker
Palmali Group of Companies has got a new tanker of RST22 Araz River project, the fourth tanker built in Krasnoye Sormovo plant in Russia. The ship has been sent to customer in line with contract liabilities on delivery terms. Series of New Armada ...
2008-12-12 10:04:41
Mitsui delivers aframax
Mitsui Engineering & Shipbuilding (MES) completed and delivered a 110,000-dwt type double hull crude oil tanker, the Eagle Sapporo (MES Hull No. 1696) at its Chiba Works to Maybaru Shipping & Trading Pte Ltd, Singapore on December 10th. This is t...
2008-12-12 09:02:33
30% of bulker orders to be canceled
A wave of cancellations of orders for new ships is underway and could support the bulk carrier charter market in coming months, a leading German ship finance executive said on Thursday. Around 30 percent of ships on the record high global dry bulk...
2008-12-12 08:25:48
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