Month: September 2008

Hyundai Heavy Industries Co., the world's largest shipbuilder, is reportedly ready to spend as much as 8.5 trillion won ($7.54 billion) to take over Daewoo Shipbuilding & Marine Engineering Co (DSME). Last…

Kawasaki Kisen Kaisha ("K" Line) in Japan has ordered three 176,000 dwt Capesize bulk carriers from Shanghai Waigaoqiao Shipbuilding (SWS) for delivery in 2012. "K" Line's goal is to have 100 Capesize…

South Korean shipbuilder Hanjin Heavy Industries Corp.-Philippines in Subic Bay, has recently completed its second container ship, named CMA CGM Turquoise, with a market value of over $60 million. Hanjin completed the…

The Japanese are targeting offshore as a major future source of revenue. Nippon Yusen Kaisha has just announced the establishment of an Offshore Business Group under its Bulk Energy Transport division, starting…

Six government-owned shipyards will be sold in Croatia before 2009. The yards in question are Brodosplit in Split, Brodotrogir in Trogir, Kraljevica in Kraljevica, Maj in Rijeka, Uljanik in Pula and Viktor…

China International Marine Containers (CIMC) is picking up close to one third (29.9 %) of Yantai Raffles Shipyard Ltd. for $327 million, lower than the previously announced 566 million in March 2008.…

MOL-operated iron ore carrier Brasil Maru has been selected as the Ship of The Year for 2007 by Japan Society of Naval Architects and Ocean Engineers. The selection committee noted that the…

As part of the ongoing efficiency drive, Odense Steel Shipyard Ltd. A/S (Lind?)in Denmark has put Loksa Shipyard Ltd. in Estonia up for sale. Loksa Shipyard became part of the Odense Steel…

The FBMA Marine Inc. shipyard in Balamban, Cebu, Philippines, recently launched a 57-metre car and passenger high-speed vessel ordered by the government of New Caledonia, a French territory. President Neko Hnepeune of…

The Authority for State Assets Recovery (AVAS) in Romania agreed to the association of the Mangalia Shipyard with German company Lurssen Lar Investment. The association is the last stage provided by the…