Shipbuilding
Hyundai delivers first CSR VLCC
Hyundai delivers first very large crude carrier (VLCC) built to the industry’s new Common Structural Rules (CSR) for Antwerp-based Euronav NV. The 318,000dwt Olympia (pictured), constructed to Lloyd’s Register class, is the first of two sister...
2008-12-17 07:32:11
50% of bulker order cancel
Half of the dry bulker newbuilding deliveries in 2010 are in doubt because of a lack of owners’ finance and unrealistic promises from yards to deliver on time, a leading investment bank has warned. In 2007, shipowners placed $90bn in dry bulk vesse...
2008-12-17 07:12:03
Shipbuilding industry changes its focus
As new ship orders abruptly decline due to economic recession, South Korean shipbuilders and marine equipment enterprises are targeting defense industry orders and offshore plants. While the newbuilding market for commercial ships such as bulkers,...
2008-12-16 14:04:29
Canadian planning "Shipbuilding summit"
The Canadian Government is planning to hold a "shipbuilding summit" early in the new year. According to Canadian press reports, the Government wants to make shipbuilding programs part of its economic stimulus package. The catch is that the shipb...
2008-12-16 10:46:19
Alcock after partner to build tankers
India´s struggling Alcock Ashdown Gujarat (AAGL) shipyard is looking to team up with other domestic yards to complete the construction of four chemical tankers originally ordered by John Fredriksen-owned Sea Tankers Management. Sources say AAGL, whi...
2008-12-16 08:56:58
Canada eyes shipbuilding as economic stimulus
Part of the Conservative government's stimulus for the stumbling Canadian economy will be drawn from funds already earmarked for the construction of navy supply ships, patrol boats and icebreakers. But the plan hinges on the country's shipbuilders...
2008-12-16 08:54:47
Oslo Marine orders another 10 vessels
A Russian group is taking advantage of cheap newbuilding prices to order another 10 ships in Europe. St Petersburg-based Oslo Marine Group (OMG) plans to turn the global newbuilding hiatus to its favour by pressing ahead with orders for 10 more s...
2008-12-16 08:51:31
Ship-breaking industry will be flourishing
World’s major ship-breaking yards show manifest vibrancy in ship-breaking. According to Clarkson’s statistics, vessels of 7.5m dwt in the world have been dismantled by November 2008, when merely 4.8m dwt have been disjointed in 2007. Due t...
2008-12-16 06:52:13
NACKS builds four ships simultaneously
Four 55,000-ton bulk carriers are being built in NACKS shipyard. Facing grim situation, NACKS trys to maintain healthy development by actively dissolving unfavorable factors. It has constructed and delivered three Chinese largest 10,000TEU contain...
2008-12-16 06:49:01
MSC took delivery of MSC Fantasia from STX France
MSC Cruises received its MSC Fantasia at a hand-over ceremony at the STX France shipyard in St Nazaire, France on 10 December. The official handover to MSC Cruises saw the lowering of the French flag and the raising of the MSC Cruises flag. Thi...
2008-12-15 16:40:25
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