Month: March 2009

Philippine cabinet members are confident that South Korea's Hanjin Heavy Industries and Construction Co will continue a $2bn shipyard project in Mindanao. The Korean firm started site development last year but pulled…

Cunard Line revealed the first details of its 90,400gt newbuild Queen Elizabeth from Fincantieri?s Monfalcone yard, due to enter service in October 2010. The vessel will be the second largest Cunarder built…

Japanese export ship orders tumbled on a year-on-year basis for the fifth consecutive month in February as demand for new vessels flagged amid the deepening global economic slump. Japan received orders for…

Last month, Weichai Power, a diesel engine company, said it would spend about $3.8 million to acquire the products, technology and brand of France?s Moteurs Baudouin, which designs and manufactures marine propulsion…

German shipbuilders face order cancellations worth as much as 936 million Euros ($1.2 billion) this year as the industry reels from overcapacity, the Economy Ministry said. Shipyards in ports from Emden in…

Creditors of C&Heavy Industries Co in South Korea announced that they have terminated the troubled shipbuilder?s debt workout program. The move came after a Malaysian fund that showed interest in taking over…

Hyundai Heavy Industries aims to win $21.1 billion worth of orders this year, down 33% from last year's figure. Last year, the shipbuilder clinched orders valued at a record $28.2 billion, up…

Korean shipbuilders are diversifying and introducing new advanced shipbuilding technologies to continue growing in a hostile business environment. Samsung Heavy Industries recently completed construction of the world?s largest semi-submersible offshore oil rig,…

Qingshan shipyard of China Changjiang Shipbuilding Industry in Wuhan officially delivered its first 57,000 dwt bulk carrier which will be exported to Greece this month. It is the largest ship built in…

Canada's Atlantic Towing has forged a long-term charter deal with EnCana Corp that will see it build an offshore supply vessel (OSV) at Halifax Shipyard. Atlantic, the vessel operating subsidiary of Irving…