Shipbuilding
World largest FPSO was delivered
November 4, the Taiyangshensongshou, the world-largest FPSO, which was converted from a 300,000ton VLCC, was delivered to Japan’s MODEC by COSCO Shipyard. Prior to this, COSCO Shipyard had a construction that convert a Panamax oil tanker into a ...
2008-11-19 09:08:11
Taiwan Privatizes China Shipbuilding Corp.
The Ministry of Economic Affairs (MOEA) in Taiwan will release 51% stake in the state-run CSBC Corporation (China Shipbuilding) by the end of this year, marking it the largest initial public offering for 2008 so far. Fubon Securities Co. will ha...
2008-11-19 08:36:31
Korean Authority makes clear on restructuring
In South Korea, as reports over imminent shipbuilding industry restructuring followed one after another, the authority concerned officially elucidated the issue. It said some small and medium-sized shipbuilding companies facing difficulties would ...
2008-11-19 06:51:10
Famous shipbuilding name returns to Merseyside
Cammell Laird went into receivership in 2001. Photograph: Christopher Furlong/Getty Images Cammell Laird, one of the grandest names in British maritime history, has made a comeback - just as the credit crunch is wreaking havoc with the shipping ind...
2008-11-18 14:09:59
Shipbuilders under pressure next 2nd half
Some South Korean large shipbuilders which have relatively smaller amount of order backlogs are expected to be under pressure regarding order-intakes earlier than expected if economic slump gets prolonged and new order slump goes on. Among listed six...
2008-11-18 13:37:17
Crisis hits, Turkey’s shipyards shed 3,000 jobs
Turkish shipyards are the latest victim of the global financial crisis, as the past two months have seen the loss of 3,000 jobs in the sector. The country’s shipbuilding industry, which had been growing since 2001, was the center of attention ove...
2008-11-18 12:41:48
Seoul may restructure shipbuilders
The South Korean government and local banks are poised to restructure nonviable shipbuilders in a bid to prevent the fallout from their sudden collapse. The government and the banking industry are considering allowing shipbuilders to apply for a l...
2008-11-18 12:13:34
Shipbuilders post higher revenues, lower profits
South Korean large shipbuilders’ revenues continue to increase on the basis of rich order backlog. Nevertheless, they are posting lower profits. This is because of the surge in the prices of raw materials including steel plates and the exchange ...
2008-11-18 11:01:38
Fujian province's shipbuilding industry develops steadi
The Shipbuilding industry in Fujian province showed steady development for the first three quarters in 2008. The vessels were delivered on time or ahead of schedule, the contracts were executed in good condition and showed well-improved economic o...
2008-11-18 08:56:36
Taizhou Kouan Shipbuilding delivers 1,100TEU containership
October 27, Taizhou Kouan Shipbuilding Co., Ltd. delivered 1,100TEU container ship 11 for the German ship owner 20 days ahead of schedule. It has total length of 147.87 meters, width of 23.25 meters, depth of 11.5 meters, draft of 7.3 meter, loa...
2008-11-18 08:54:31
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