Shipbuilding
Chinese relief measures for marine industry
Global financial crisis and object-economy recession are accelerating, countries seem to have started supporting marine industry at national level. According to overseas reports and industry, The Export-Import Bank of China has recently begun its sup...
2008-12-08 06:59:52
Local shipyards escape storm
Ship-builders are seeing significant collateral damage from the global recession and credit crunch. This year, orders for nearly 250 ships of various sizes have been cancelled up to early November. The number, fear observers, is only going to rise...
2008-12-05 17:26:21
India’s ABG Shipyard shares, a ‘sell’
The global credit crunch and concerns over orderbook cancellations have prompted Citi to change its stance on India’s ABG Shipyard. The US investment bank now has a ‘sell’ recommendation on the company. In August it said shares in the shipbu...
2008-12-05 16:15:39
Larsen and Toubro slashes shipbuilding ambitions
Larsen and Toubro Ltd (L&T), India’s largest private sector engineering and construction firm, has deferred its entry into the commercial shipbuilding business and has also decided to scale back its investment for a new shipyard at Kattupalli near ...
2008-12-05 14:48:16
2nd ‘Class 214’ submarine commissioned by the South Kore...
On 28th November 2008 the Korean shipyard Hyundai Heavy Industries Ltd. Co delivered within the agreed time the second of three Class 214 submarines to the national procurement agency DAPA. Thereupon the South Korean Navy took over command of "Yung Y...
2008-12-05 14:26:28
Technical design completed for a new European Research icebr...
Wärtsilä and The Alfred Wegener Institute for Polar and Marine Research, part of the Helmholtz Association, yesterday presented in Berlin the technical design of the European Research vessel "Aurora Borealis", a multi-purpose icebreaker, de...
2008-12-05 14:16:04
Admiralty wins polar research vessel
Admiralty Shipyards of Russia has won an order to build a new polar research vessel. The ship will be delivered in 2011 for arctic and antarctic work. The Arctic and Antarctic Research Institute said the tender was initiated by the Federal Service...
2008-12-05 14:08:19
Greece’s Efshipping canceled two at Cosco
Efshipping of Greece has confirmed it was the owner behind the cancellation of two supramax newbuildings at Cosco Dalian Shipyard yesterday. The 57,000-dwt brace was axed due to dire market conditions with the money saved put by for a second hand ...
2008-12-05 08:40:32
COSCO Group stops or defers 126 newbuilds
The rumor that Chinese shipping companies stopped newbuilding constructions to reduce the carrying capacity has turned out to be true. China’s COSCO Group has cancelled its subsidiaries’ newbuild orders and plans in large scale to cope with th...
2008-12-05 07:35:11
STX Shipbuilding supports its collaborators in Dalian
South Korea’s STX Shipbuilding embarks on a project to support its cooperative enterprises which made inroads into foreign market together with it. The shipbuilder concluded a business agreement Thursday at its Jinhae Shipyard with Korea Develop...
2008-12-04 16:37:47
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