CSIC Begins Building Shipbuilding Facility

Tuesday, April 03, 2007
XFN reported that China Shipbuilding Industry Corp (CSIC) has started construction on two new drydocks in the eastern city of Qingdao, with a projected total investment of 7.4 bln yuan. The State-owned Assets Supervision and Administration Commission (SASAC) said in a statement on its website that construction on the new docks is scheduled to be completed by April 2009. The facilities, which will have combined annual capacity of two mln deadweight tons (dwt), will be able to build very large crude carriers (VLCCs), bulk cargo vessels and container ships with capacity up to 8,000 TEUs.

Shipbuilding

Meyer Turku Continues Shipyard Investments

Meyer Turku shipyard  has further enlarged it’s investment package with a new 75 million euro steel storage and pretreatment facility. This is already a third large

Hapag-Lloyd Cruises Orders Two Vessels

TUI Group, the world’s number one tourism group, will invest in two new-builds for its Hamburg-based subsidiary Hapag-Lloyd Cruises. The two, new, 5-star expedition

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Navy

Michelle Obama Sponsors Attack Submarine

General Dynamics Electric Boat has delivered to the U.S. Navy an attack submarine that is sponsored by first lady Michelle Obama and will be named for her home state, reports AP.

Indian Warships Visit Port Victoria

In a demonstration of India’s commitment to its ties with Seychelles and maritime security in the Indian Ocean Region, Indian Naval Ships Kolkata, Trikand and

White House: Iranian Ships' Actions in Gulf Increase Risk of Miscalculation

Actions by Iranian vessels in several encounters with U.S. warships in the Gulf this week are cause for concern and increase risks of miscalculation, the White House said on Friday.

 
 
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