Shipbuilding
Korea accelerates restructuring
Finding 'solutions' for small- and medium-sized shipbuilders facing liquidity problem begins in earnest in South Korea this week. The country's government plans to come up with solutions after discussion with financial institutions. An official at...
2008-12-10 11:21:29
European yards suffer: Asia's problems
Cancellations of bulk carriers and containership orders at Korean and Chinese shipyards are having a negative effect on European shipbuilders. According to CESA (Community of European Shipbuilders' Associations), European yards are being hurt as ...
2008-12-10 10:32:06
India's order cancellations may stand at 15%
India’s shipbuilding industry may suffer cancellations of about 15% of their total orders, worth at least Rs 3,750 crore, as a slump in international trade in the wake of the global economic crisis has taken a toll on the sector, industry experts s...
2008-12-10 10:28:34
Shipbuilding orders to fall by 60% next year
Shipbuilding orders will fall by 60% next year and newbuild prices will drop by 30% from their peak by 2010, according to Bao Zhangjing, chief researcher at China Shipbuilding Economy Research Center (CSRC) in Beijing. Speaking at the Asia Ship Fi...
2008-12-10 10:14:46
Hanjin-Subic launches 2 more ships
Five months after launching MV Argolikos, the first container ship to be built in the Philippines, Korean shipbuilder Hanjin Heavy Industries and Construction Co.-Philippines (HHIC-Phil.) scored another historic feat with the simultaneous launching ...
2008-12-10 10:03:16
Croatia’s 3. Maj wins a tow barge order
Croatian shipbuilder 3. Maj has begun work on a new tow barge order for Jadranski Pomorski Serviz Rijeka (JPS Rijeka). The 2,400-dwt unit is costing EUR 1.8m ($2.3m). It should be delivered by February, 2009, the Croatian daily Business reported. ...
2008-12-10 08:25:22
Bangladeshi shipbuilders fear strain
Shipbuilders have said foreign buyers are delaying payments for orders in growing signs of fallout from the global financial crisis on the country's nascent industry. Besides, the buyers, who have been negotiating with the local shipbuilders on b...
2008-12-10 08:13:08
Dongfang wins two tanker order
On December 7, Ningbo Dongfang Shipyard (NDSC) officially signed a contract for two 9,800-dwt double-hull oil tankers. Since this is one of the few large-scale shipbuilding orders received when Chinese shipbuilding industry is showing sluggish de...
2008-12-10 07:22:37
Chinese shipbuilding industry’s worry in a long-term
Marked increase in potential risks and uncertainties of global economy operation along with USA’s worsening subprime mortgage loan have had a major adverse impact on international marine industry. Since August, the international shipping freight ra...
2008-12-10 07:18:10
Newbuilding order placed
Capesize newbuilding order seems to have been placed for the first time in about two months after newbuilding negotiations stopped due to global financial crisis. According to a market report, China’s New Times Shipbuilding is said to have recei...
2008-12-09 09:46:53
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