Shipbuilding
Sekwang Heavy Industries won vessel order
Sekwang Heavy Industries, which had won an order for two anchor handling DSVs (diver support vessel) in last July from a Middle Eastern shipowner, said November 3, this time it has received an order for one seismic research vessel with an option for ...
2008-11-05 15:04:17
Iraqi yard plan
The Iraqi government has pledged to construct an $850m shipyard to build and repair ships. The plant will be located at the Gulf port of Khor al-Zubeir and is expected to begin operations by the end of 2011, Business Week reported. A government s...
2008-11-05 12:32:29
Possibility of cancellations for containership newbuilding o...
It is expected that, under the condition that industry downturn continues, orders for big containerships will be cancelled, delayed, or converted to other ship types. Seaspan CEO Gerry Wang says that box trades were severely damaged continuously and ...
2008-11-05 12:30:27
Minor shipbuilders on the verge of bankruptcy
Regional minor shipyards have come to a financial crisis. A Busan-based medium-sized shipyard, which already secured its order receipts until 2011, is at a critical moment since it is not able to procure RG from a bank. Getting RG from a bank ...
2008-11-05 10:53:40
Sembcorp Marine reports another record quarter
Sembcorp Marine today reported a strong 3Q 2008 growth with increased earnings of 73% to $140.9 million. This increase was achieved on a group turnover of $1,144.2 million. Group operating profit increased 92% to $142.1 million in 3Q 2008 from $74.1 ...
2008-11-05 10:44:38
Shipbuilding promotes development of Indian marine industry.
Despite the fact that the Indian marine industry is still at the developing period, it has shown great potential for development for the next few years. Indian Navy and Coast Guard have shipbuilding plan to expand the size of the fleet, many priva...
2008-11-04 23:01:48
DSIC, built onother VLCC dock
Dalian Shipbuilding Industry Co.(DSIC) plans to enhance its shipbuilding capacity to 10million ton, outcome to 9million ton and GDP to CNY 40billion. To achieve above targets, with Dalian city government’s support, the cite of 580,000 square me...
2008-11-04 22:56:31
SWS won more VLCCs
Singapore’s Ocean Tankers says it remains unaffected by the current recession in global shipping markets, while at the same time confirming its orders for VLCCs at Shanghai Waigaoqiao Shipbuilding (SWS) has increased to 12 vessels. The delivery ...
2008-11-04 15:34:52
SPP won Handy Bulker
Report says SPP Shipbuilding has won an additional order for a 35,000dwt bulker from Islamic Republic of Iran Shipping Lines (IRISL) recently. It is known that, including this, the order receipts for Handysize B/C has now become 10 in total, IRISL...
2008-11-04 14:19:18
Philippines shipbuilding industry will continue to grow
The ship building industry will continue to grow by 56 percent until 2012 amidst the present global economic slowdown. This was disclosed by Engr. Erwin Lizada, chief engineer of the Peter Dooley Shipping Company that is into the ship building indust...
2008-11-04 11:31:14
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