Month: June 2009

Tsuji Heavy Industries, now under corporate rehabilitation procedures, will transfer its marine equipment business to a company newly established by Oshima Shipbuilding, effective on 1 July. Oshima has set up a 100%-invested…

Croatian shipyard Brodosplit has won another newbuilding order from French ferry operator CMN for a fruit-juice carrier. Last year, the yard secured a contract for a ro-pax from the same owner. No…

Bankrupt SSW Schichau Seebeck Shipyard in Bremerhaven will no longer build new vessels. A creditors? meeting on Monday agreed to a plan presented by a group of investors to convert the yard…

German shipbuilding group Hegemann has applied for state guarantees of Euro 9m ($12.6m) to secure the financing of an order. A spokesman for the finance ministry of Mecklenburg-Western Pomerania said that the…

Germany?s largest shipbuilding group, ThyssenKrupp Marine Systems, part of steel giant ThyssenKrupp, is axing 450 jobs at its facilities in Kiel and Emden. A TKMS spokesperson confirmed that the group wants to…

The US Navy's first Littoral Combat Ship (LCS), USS Freedom (LCS 1), successfully conducted its second and final round of acceptance trials last month. The 378-foot Freedom, designed and built by a…

South Korean shipbuilder Daewoo International said that it would participate in the bid to build two diesel-powered submarines for the Indonesian Navy. Daewoo said it would submit specifications to supply two 1,400-tonne…

According to a report issued by China Association of the National Shipbuilding Industry (CANSI), China's shipyards continue to scrape along with continuing declines in new business and growing risk of cancelled orders.…

Reuters reported that Indian shippers are cutting their acquisition plans and buying vessels in the second hand market instead of placing new orders as overseas funding, their biggest source of financing, dries…

There has been a resurgence of interest in conversion work as companies look at offshore units again. According to Drydocks World executive chairman Geoff Taylor, the company has seen increased interest in…