Shipbuilding
Chinese overcapacity puts themselves in danger
Since the beginning of this year, due to the expansion of financial tsunami, the slump and sluggish demand have been occurring in global economy and overseas market. This directly led to the downturn in shipbuilding industry. The world’s new order-...
2008-11-24 07:03:56
D'Amico to procure 20 fresh ships
Italian operator d'Amico will be procuring 20 product carrier (PC) and bulker newbuildings by 2011. D'Amico executives talked on the group's current fleet size and progress in its newbuilding procurement program in a recent interview with Kaiji Press...
2008-11-24 06:53:57
CNC pulls $720m order
China Navigation Co (CNC), the deepsea shipowning arm of the Swire group, has pulled the plug on a $720m order in China that was signed just five months ago. The Hong Kong-based company, which booked up to a dozen geared multipurpose (MPP) vessels...
2008-11-24 06:43:55
20% of new bulker orders may be canceled
Around 20% of orders for building new dry bulk shipping vessels may be canceled in 2009 as the financial crisis is hitting the shipping industry hard, a shipping industry executive told Dow Jones Newswires on the sidelines of a shipping conference. "...
2008-11-24 06:29:47
Waigaoqiao delivers VLCC 5 months early
Ocean Tankers, Singapore oil trader Hin Leong's shipping arm, has taken delivery of a very large crude carrier (VLCC) at Shanghai Waigaoqiao Shipyard five months early, the first of an initial order of six vessels. Ocean Tankers also ordered anot...
2008-11-24 06:16:46
Hyundai, orders dive 57%
Hyundai Heavy Industries, the world's largest shipbuilder, said Thursday that its orders sank 57 percent in October from a year earlier on falling demand for new ships, reflecting a declining shipbuilding cycle. The orders received last month fell...
2008-11-24 05:57:02
Tsuji completes its first oceangoing bulker
Japan’s Tsuji Heavy Industries on November 15 delivered the ‘Clipper Tsuji’, the first ship of the 30,000-dwt bulker series ordered by Danish shipowner Clipper. The bulker was constructed at Tsuji Heavy Industries (Jiangsu) Co., Ltd. in Zhan...
2008-11-21 18:41:15
China delivers world-largest floating dock
November 20, world-largest 120,000-ton buoyancy floating dock which COSCO Shipyard built for Korea’s Samsung Heavy Industries was delivered at a port in COSCO Shipyard. This 120,000-ton buoyancy floating dock has a length of 430m, width of 82m, hei...
2008-11-21 16:35:10
Aegean takes delivery of bunkering tanker from Qingdao Hyund
Aegean Marine Petroleum Network has taken delivery of the Patmos, a 6,280 deadweight ton double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The Patmos will be deployed for the company's UAE market. Including the Patmos, Aeg...
2008-11-21 10:17:30
ASC in $8 billion naval project
Australian defence shipbuilder ASC is employing advanced supply chain software to streamline operations and ensure compliance for an $8 billion defence project. Optimisation company Cincom has signed an agreement with ASC, a company acting on beha...
2008-11-21 06:52:43
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