David Loh News

Konecranes has received an order for cranes for a shipyard being built in Baku, Azerbaijan. The order was placed by Baku Shipyard, a joint venture company formed by State Oil Company of Azerbaijan Republic (SOCAR), Keppel Offshore and Marine (KOM), and Azerbaijan Investment Company (AIC). The order comprises one Goliath gantry crane and two portal jib cranes. The cranes will be delivered to the Baku shipyard by 2013. Baku Shipyard will develop a yard that is expected to be ready by the end of 2013.

According to a March 12 report from Inquirer.net, about 400 workers of a ship repair company in Lapu-Lapu City are in danger of losing their jobs as the management decides to focus resources on shipbuilding. According to Inquirer.net, Keppel Cebu Shipyard Inc. president David Loh said in a memorandum to the workers that the company has to reduce its workforce due to continuing market decline. (Source: Inquirer.net)