Month: July 2009

India?s biggest shipbuilder under state control, Cochin Shipyard Ltd, will likely get a valuation boost after receiving orders for four vessels from government-owned Shipping Corp. of India (SCI) ahead of a proposed…

There is a growing awareness in the shipbuilding industry that a closing of the gap between newbuilding and second-hand ship prices is occurring which is making the newbuilding market a more attractive…

The latest Shipbuilding Market Forecast, published by Lloyd?s Register - Fairplay Research, predicts continued modest-but-steady growth for the passenger ship sector over the next five years. The monthly research report provides detailed…

The ship repair, conversion and new building yard of Drydocks World -Dubai has renewed its long-standing association with BP Shipping with the signing of a new alliance agreement.The two companies will work…

The number of deferred deliveries and slippage for containerships has exceeded 1.8 Mteu, or a third of the current orderbook. The bulk of the deferrals recorded by Alphaliner are for ships above…

Hitachi Plant Technologies, Ltd. and Mitsubishi Heavy Industries (MHI) were recently granted final approval by the IMO for their jointly-developed Hitachi Ballast Water Purification System (ClearBallast). This system makes use of active…

Just when everyone is bemoaning the growing overcapacity in the world's shipbuilding industry, the government of the Guangxi region, located in south western China, approves a plan to develop an area in…

Reports from the Far East name the yards that are said to be competing for the valuable LNG carrier tender for as many as 16-20 new vessels for the Shtokman LNG project.…

China's Zhoushan Jinhaiwan Shipyard has received an additional 30 bulker orders from Grand China Logistics, which had become a new stakeholder of the shipbuilding company. According to sources, ship types are said…

Chinese state-owned shipbuilder Guangzhou Shipyard International (GSI), part of CSSC, has ended its order drought by winning orders for two specialized bitumen carriers. The newbuilding contracts are understood to involve a pair…