Month: April 2009

"The worst of the shipbuilding market is over," said Jiangsu Rongsheng Heavy Industries' chairman and president Chen Qiang. He adds that newbuilding enquires have resumed but at a slower pace and in…

Jiangsu Rongsheng Heavy Industries in China has laid down the keel of the third in a series of six 156,000 DWT Suezmax crude oil tanker for Novoship OJSC. The vessels are being…

Norilsk Nickel, Russia's largest mining company, is close to ordering two high-value icebreaking tankers and a large icebreaker at Germany's struggling Wadan Yards. The deal, worth an estimated EUR 350m ($461m), is…

A new Chinese shipyard is attempting to win newbuilding contracts by selling ships at heavily discounted prices. Jiangsu-based People Heavy Industry (PHI) is ready to start ship construction in the summer at…

Industry sources say that yards in Japan, South Korea and China have been sounded out to design a new 250,000 DWT bulker specifically for the coal trades. One industry expert says the…

Construction on the $250 million Nosco-Vinalines ship repair plant kicked off in Yen Hung District, northern Quang Ninh Province. The new ship repair yard will cover a total land area of 100ha…

China's fledgling shipbuilding industry is set for more hard times as industry insiders have indicated that the global shipbuilding industry is unlikely to recover in the near future. New shipbuilding orders received…

Thousands of Polish shipyard workers will lose their jobs when the country?s state-owned yards are sold off. Under the government scheme, workers will be offered between $6,000 and $18,000, depending of the…

Oslo-based Camillo Eitzen & CO ASA has reached an agreement with a Japanese shipyard for the cancellation of the six 2,500m3 gas carriers against a final and total settlement of $2.5 million.…

Japanese shipbuilder Kanasashi Heavy Industries has ceased operation as it does not have the funds to procure ship parts and equipment for newbuildings. The medium-sized shipbuilder has so far been unable to…