03-Jan-2009, Cosco profit warning for FY08
|
Cosco Corp (S) issued negative profit guidance on 30 December, 2008, to say that FY08 financial results will "show lower profits as compared with FY07". No details or numbers were given on the extent ...
|
02-Jan-2009, Manitowoc closes sale of shipbuilding unit
|
Diversified U.S. industrial manufacturer Manitowoc Co Inc closed its $120m cash sale of its shipbuilding business to Italy's Fincantieri Marine Group Holdings Inc. The sale leaves the Manitowoc, Wisco...
|
01-Jan-2009, Gdynia Status update
|
After the decision of the European Commission of 6 November 2008, Gdynia Shipyard is obliged to return the public aid received since 2005 which will inevitably result in its bankruptcy. As the result ...
|
01-Jan-2009, CMD made 30 diesel engines in 2008
|
According to Qin Wenquan, Chairman of CSSC-MES Diesel Co Ltd CMD manufactured 30 diesel engines, totaling 1.3m hp in 2008, with diameter of 800-900 mm. In 2009, CMD targets to build 45 units with 1.8m...
|
31-Dec-2008, Cosco reschedules vessels
|
The Board of Directors of COSCO Corporation (Singapore) Limited announced that one of its subsidiaries, COSCO (Zhoushan) Shipyard Co Ltd has agreed, following requests from an European and an Asian sh...
|
31-Dec-2008, CSSC Chengxi put Jiang Shan into production
|
On December 26, CSSC Chengxi put the floating dock Jiang Shan into production. The dock, with lifting power of 50,000tn, is capable to repair ships of 200,000dwt. The platform is 330 m long and the po...
|
30-Dec-2008, Keppel O&M secures S$200m contracts to end the year
|
Keppel Offshore & Marine Limited (Keppel O&M) through its wholly owned subsidiaries has clinched contracts worth S$200m. The new orders include the upgrading and conversion of a Floating, Storage and ...
|
30-Dec-2008, Zhoushan Customs help ship repair industry
|
Zhoushan Customs has taken various measures to help the ship repair industry. Firstly, the custom declaration deadline of ship export has been adjusted from declaration in advance to 10-30 days after ...
|
29-Dec-2008, Meritz Fire rejects capital injection for C&Heavy
|
Meritz Fire & Marine Insurance Co. said it could not extend financial support to C&Heavy Industries Co. raising concerns over the revival of the troubled shipyard. On Dec. 3, creditors of C&Heavy Ind...
|
29-Dec-2008, Rongsheng named first tanker
|
On 28 December 2008, Jiangsu Rongsheng Heavy Industry named the first 156,000dwt Suezmax "Toska". This tanker is also the first Suezmax that is compliant with CSR rules. It is 274.5 m long, 48 m wide,...
|
28-Dec-2008, New Turkish yard enroute
|
The Besiktas Shipping Group, a leading company in the Turkish maritime business, will soon complete preparations and begin constructing a shipbuilding facility in the Adana-Yumurtalik Free Trade Zone....
|
28-Dec-2008, Boosting plan for China's shipbuilding industry expected
|
The boosting plan for China's shipbuilding industry, jointly developed by NDRC, the Ministry of Industry and Information Technology, CANSI, CSSC and CSIC, is reported to take its preliminary shape and...
|
27-Dec-2008, CSSC & China Eximbank strategic cooperation
|
China Eximbank signed a strategic cooperation agreement with CSSC on 25 December, 2008, to support CSSC's loan, guarantee letter and investment in fixed assets for export purposes. According to CSSC G...
|
27-Dec-2008, SOHO Marine will build new infrastructure
|
Jiangsu-based SOHO Marine Heavy Industry Co Ltd. (www.sohomarine.com) has been approved to build one 50,000-dwt slipway, one dock and one outfitting wharf with four berths.
...
|
26-Dec-2008, Russian “strategic” companies includes 29 transport enterprises
|
The government commission for stabilizing the Russian economy has approved a list of strategic enterprises entitled to government support, the press center of the Russian Federation government reporte...
|
26-Dec-2008, Universal SB delivers “SG Capital”
|
Universal Shipbuilding Corp on Dec 22 delivered the 200,000-dwt bulk carrier SG Capital at its Tsu Shipyard. The contractual owner of the ship is Pear Orion Pte.
Main particulars of the SG...
|
26-Dec-2008, Qingdao Beihai delivers Zhong You Hai7
|
On 26 December 2008, Qingbao Beihai Shipyard delivered Zhong You Hai 7 - a jackup drilling platform built for CNPC. The platform, built to CCS class, will be put into production in Bohai Bay. The maxi...
|
25-Dec-2008, Sembcorp, BNPP settle forex claim
|
Sembcorp Marine has agreed to settle a $50.7m claim with BNP Paribas over a forex trading case involving Sembcorp's subsidiary Jurong Shipyard Pte Ltd (JSPL). The world's second-largest builder of oil...
|
25-Dec-2008, Russia hopes for South Korean companies interest in Leningrad region
|
South Korean companies will be interested in a project of building a shipyard in Primorsk, in the Leningrad region, the South Korean Ambassador to Russia Lee Kyu Hyung said. "It is known that the Russ...
|
24-Dec-2008, STX Europe suffers cancellation
|
Norwegian Cruise Line has dropped the second of the two Freestyle 3 ships it was having built by STX Europe in France. The decision to turn the original EUR1.47bn ($2.09bn) two-ship order into a singl...
|
