Month: January 2009

Shipbuilding has been identified as one of ten mainstay industries that the Chinese State Council will pump urgent cash into in order to stave off disaster, local media has reported. China has…

The Quebec-based shipbuilder Davie Yards Inc has been advised by its largest client, Cecon ASA (Cecon), that it has received a notice of cancellation of its $200 million senior secured credit facility…

The 6.3 trillion won deal to sell a controlling stake in Daewoo Shipbuilding & Marine Engineering to Hanwha Group collapsed yesterday on differences over payment terms. Korea Development Bank decided to scrap…

It appears there is now no way back for cash strapped C&Heavy Industries, a medium sized Korean shipyard and important part of shipping conglomerate C&Group. The Mokpo-based yard had all credit cancelled…

State-run Shipping Corp of India (SCI) has put orders for new vessels on hold till March although its long-term plan to buy 40 vessels by the end of 2011 is still on…

Named Petrorig I, the first unit of a series of four Larsen Oil & Gas ultra-deepwater semi-submersible drilling rigs on order with Sembcorp Marine?s subsidiary Jurong Shipyard in Singapore, has completed its…

Malaysia's largest shipping company, MISC Bhd, has halved its orders of chemical tankers to be built by South Korea?s SLS Shipbuilding from eight to four vessels. MISC said the revision was mutually…

The board of Odense Staalskibsv?rft A/S in Denmark has agreed on a new business model and has confirmed that it will continue building ships at Lind?, but at the same time the…

Speaking at the Ship Recycling Forum in Dubai yesterday (January 19), Lloyd's Register?s Robin Townsend explained to delegates just how the new standard for ship recycling, ISO 30000, can help meet the…

Japan received orders for export ships totalling 274,970 cgt in December, down 91.1% from the same month a year ago according to figures released by the Japan Ship Exporters? Association. It is…