Month: November 2009

With the recent Dry Bulk Index managing to remain above 2009-high, some owners are looking to speed up deliveries of their newbuildings.Clarkson said that "we are now even starting to hear of…

South Korean shipbuilder STX is shedding over 350 jobs in France through voluntary departures at the Saint-Nazaire shipyard. The yard employs around 2,410 people and has received no new orders for civilian…

DSEC Co., the shipbuilding engineering subsidiary of Daewoo Shipbuilding & Marine Engineering (DSME) in Korea, has received a $167 million order from a shipyard in the Middle East. The order calls for,…

Bangladesh shipbuilders said a number of joint venture investments are likely to come from Denmark, Germany, France and few other countries that would help reduce the dependence on overseas firms ranging from…

The Singaporean Keppel Offshore & Marine Company has recently signed a memorandum of understanding in Baku, Azerbaijan, for the construction and operation of a new shipbuilding yard.The facility will be built near…

Australian shipbuilder Austal, based in Western Australia, is close to completing a new $29.25 million luxury yacht. This is first yacht that Austal has built in four years, following a disastrous fall…

Eight investors have entered eleven bids for the sale of assets of the Gdynia and Nowa Szczecin shipyards, said Roma Sarzy?ska, from the Poland?s Industrial Development Agency. The agency has chosen not…

Bourbon?s dry bulk subsidiary, Setaf Saget, is facing delivery delays for four Panamax bulk carriers from India?s Pipavav Shipyard. The vessels were ordered from Pipavav alongside a series of ten Supramaxes from…

The chairman of South Korea's STX Group added to the growing pessimism in the global shipbuilding industry by arguing that the company should move to hedge its bets in the emerging renewable…

Genoa-based classification society RINA has teamed up with specialist certification services provider SPM Instrument SRL of Italy and the Italian Ship Research Centre CETENA to help cope with an increase in demand…