Shipbuilding
DSME completes Dock No. 2 expansion
Despite global economic recession, Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea keeps investing in its facilities for sustainable growth and development. On November 26 at its Okpo Shipyard, DSME held a ceremony for the completio...
2008-11-27 11:38:11
Foreign investors expecting flourishing shipbuilding industr...
November 24, according to the news from Zhenjiang Administration for Industry and Commerce, so far this year, there have been 27 shipbuilding companies that foreign investors invested, the investments aggregate to USD 5.94. Newly-established 11 compa...
2008-11-27 07:19:35
STX Europe launches gargantuan liner
On 21 November, the launching ceremony of the 225,000 GT cruise vessel Oasis of the Seas took place at STX Europe's shipyard in Turku. STX Europe has in its orderbook two huge luxury cruise vessels of the Oasis class to be delivered for Royal Car...
2008-11-27 07:04:01
Chinese shipyards may scrap partial payments to vie for orde
Shipyards in China, seeking to overtake South Korea as the biggest shipbuilding nation, may stop asking customers for down payments as they vie for orders in a global recession. Yards including units of China Shipbuilding Industry Corp., the natio...
2008-11-27 06:58:11
Warning on dry bulk newbuild defaults
A leading shipping banker has warned that owners with loan commitments supporting newbuildings, particularly in the bulk carrier sector, may not be in compliance with their agreements, given the fall in asset values. Nordea’s head of shipping Carl ...
2008-11-27 06:41:20
Chinese expect re-negotiation of orders
Chinese shipyards are expecting a flood of requests from shipowners to re-negotiate agreed prices and alter ship types for existing orders as the shipping and shipbuilding markets continue to deteriorate. China Shipbuilding Economy Research Center ch...
2008-11-27 06:37:22
9 DSME-built ships chosen as best vessels
As much as nine ships built by Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea were included in the best ships of the year chosen by leading marine journals, demonstrating the shipbuilder’s superiority. US influential marine magaz...
2008-11-26 11:04:24
Shandong showing gradual development in shipbuilding industr
According to The office of Scientific and Technological Industry of National Defence in Shandong Province, in recent days, Chinese shipbuilding industry in Shandong Province has maintained favorable development tendency for the first three quarters i...
2008-11-26 07:12:03
Order cancellations not yet affected Shanghai
Due to the world’s financial crisis, a large number of overseas vessel operations have been suspended and some shipowners’ order cancellatons have also been aggravating. In recent days, there have been rumors going around in the shipbuilding indu...
2008-11-26 07:09:19
Aker Philadelphia Shipyard and OSHA form partnership
Aker Philadelphia Shipyard, a leading U.S. commercial shipyard, recently signed an agreement entering into a partnership with the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA). The partnership is designed to assist...
2008-11-26 07:08:02
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