1403 record(s) Advanced Search

Downturns in Chinese Shipping Industry 7/2/2009 10:05:56 AM Though it has sustained economic growth for the past ten years, China’s shipbuilding industry suffered in 2008. The nation contracted 48.3% fewer ships in the first half of the year as compared to 2007. Carrying capacity was down by about 45%, and China’s total market share in the shipbuilding industry dropped to 33.7%.... South Korean Shipping Slump 7/2/2009 10:05:05 AM According to a report on UPI, South Korean ship builders have been hit hard by the global economic slowdown as new orders plunged in the first half of 2009. Yonhap reports that South Korea’s three major shipyards received combined orders of only $1.23 billion in the first six months of this year, compared with $34... Is it the End for Bender Shipbuilding? 7/1/2009 1:38:24 PM Bender Shipbuilding & Repair Co. agreed to seek protection from its creditors, filing a Chapter 11 bankruptcy petition to reorganize. The company announced in a prepared statement that it intended to cut its workforce to about 300 to keep operations, including a ship repair job, running. “I... Shipping Confidence, Newbuilding Glut 6/30/2009 8:00:38 AM Overall confidence levels in the shipping industry have shown a slight improvement over the past three months, according to the latest Shipping Confidence Survey from international accountant and shipping consultant Moore Stephens. But there are high levels of concern about the harmful effects of the... ONGC to Finalize Shipbuilding Contract 6/26/2009 10:00:31 AM According to a June 25 report on livemint.com, India’s biggest oil exploration company, the state-owned Oil and Natural Gas Corp. Ltd (ONGC), is expected to name within a week the winner of a tender to build 12 ships that will support its oil drilling operations. It was reported that Pipavav Shipyard... Daewoo Shipbuilding $200m Greek Ferry Deal 6/26/2009 10:00:10 AM According to a June 26 report from Reuters, Daewoo Shipbuilding & Marine Engineering of South Korea, the world's third largest shipbuilder, said it won a $200m order from Greece's Attica Group to build two ferries. Daewoo plans to deliver the ships by the first quarter of 2012. (Source: Reuters)... Hawaii Superferry Wants to Abandon Catamarans 6/25/2009 9:43:29 AM According to a June 24 report from Honoluluadvertiser.com, Hawaii Superferry has asked to abandon its two high-speed catamarans to creditors because of the significant cost of maintaining the vessels as the company moves through bankruptcy. MARAD, which guaranteed construction loans for the catamarans;... Joint Leadership Meeting, Russian Shipbuilders 6/25/2009 9:41:04 AM Led by Alexander Ananenkov, Deputy Chairman of Gazprom Management Committee, the company’s delegation continues its business trip to Saint Petersburg. The delegation is composed of Oleg Aksyutin, Member of the Management Committee – Head of the Gas Transportation, Underground Storage... Drewry Report on State of Shipbuilding 6/25/2009 9:30:17 AM In a new 200-page report, Drewry Shipping Consultants analyses the facts and explodes some of the myths surrounding the future of this crucial sector. The lack of knowledge has led to some assessments that are cock-eyed or just plain wrong – sometimes dangerously so. But several things can be stated without equivocation... Grandweld, New Shipbuilding Contracts 6/24/2009 9:27:31 AM According to a June 23 report from Seatrade, Grandweld recently held keel laying ceremonies for two 118 ft utility vessels and one 134.5 ft crewboat for repeat customer Humaid Badir Marine Shipping Est., a UAE based fleet operator. The three vessel order is said to signal a strong 2009/10 order book... Navios Agrees to Acquire Four Newbuilds 6/24/2009 9:15:56 AM Navios Maritime Holdings Inc. Announces Agreement to Acquire Four New Build Capesize Vessels with Secured Long-Term Employment Generating Approximately $43.33 million of EBITDA Annually - Issuance of $165.22 million of Mandatorily Convertible Preferred Stock - $52.82 Million Reduction in... Largest Shipbuilding Enterprise in South China 6/24/2009 9:13:12 AM According to a report from People’s Daily Online, three major central state-owned enterprises (SOEs), China State Shipbuilding Corporation (CSSC), Baosteel Group Corporation and China Shipping (Group) Company, have joined hands to establish CSSC Guangzhou. With a registered capital of $0.4b, it... Burger Boat Company Launches SYCARA IV 6/24/2009 9:09:13 AM Burger Boat Company launched SYCARA IV, a 151 ft Fantail Motor Yacht. SYCARA IV, a classically-styled custom Fantail Motor Yacht, was launched on June 20 in front of a crowd of well wishers.  Her owner, family and friends watched as SYCARA IV was gently lowered into the Manitowoc River by Burger’s... Abu Dhabi Starts Work on Landing Craft 6/24/2009 9:07:50 AM Abu Dhabi Ship Building (ADSB) has begun work on the first of two steel landing craft being built for the Royal Bahrain Naval Forces. The contract for the 137.8 ft vessels was won against stiff competition from international shipyards, further confirming ADSB’s position as the region’s leading provider of support services to GCC navies... Shipyards Expect Painful Correction Period 6/23/2009 11:16:00 AM Just at a time when Europe discovers the vast growth opportunities linked to new technologies for the sustainable use of the oceans and seas, the key maritime sectors face their deepest slump ever. Driven by ill-informed speculation, massive overcapacities have built up in global shipping and shipbuilding... Navy Orders Material for More Austal JHSVs 6/23/2009 11:13:13 AM The U.S. Navy has exercised contract options funding Austal’s acquisition of long lead-time material associated with the construction of two additional 338 ft Joint High Speed Vessels (JHSV). The award is valued at $99.5m. Austal was awarded the initial contract to design and build the first 338 ft JHSV in November 2008... NorShipping ‘09 a Success 6/17/2009 8:57:58 AM When NorShipping 2009 closed on June 12, the organized had claimed a record numbers of visitors; a total of 15,999, along with a total of 17,780 exhibitor representatives (1105 exhibitors from 52 countries). Given the current status of the world economy and the prospects for a protracted recovery, it... Maersk Considers More Layoffs at Shipyard 6/16/2009 9:25:33 AM According to a June 15 report from The Journal of Commerce, A.P. Moller-Maersk is considering an additional 175 layoffs at its Danish shipyard because of a lack of orders. The Copenhagen-based shipping and energy group also said the loss-making Odense Steel shipyard, which has built the world’s... Fraser Shipyard Gets Federal Contract 6/15/2009 8:32:00 AM Fraser shipyards in Superior has reportedly  landed a big contract to overhaul a Coast Guard cutter, according to a report on BusinessNorth.com Congressman Dave Obey’s office announced a $1.2 million federal contract to dry dock the cutter Hollyhock at Fraser.  ... STX in Deal for Naval Test Ship 6/15/2009 8:22:44 AM STX Offshore & Shipbuilding received an order for a next generation naval test ship from Agency for Defense Development (ADD). The ship will support marine weapon system tests and conducts environmental surveys on the test sea area. The vessel, worth around $359m, weighs 1,200 tons and is able to accommodate about 30 people... 1 2 3 4 5 6 7 8 9 10 ...