General Shipyard / Shipbuilding News

Dec 2, 2000
58,582
373
283
Easley South Carolina
From The Hellenic Shipping News:

Korean Shipbuilders Buck Decline to Grab Half of Market
quote:

Global ship orders in the third quarter plummeted 50 percent from the second quarter due to the financial crisis in Europe. Despite this, Korean shipbuilders flexed their muscles by grabbing half of the orders worldwide.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=53589:korean-shipbuilders-buck-decline-to-grab-half-of-market-&catid= 44:latest-news&Itemid=64
 
Dec 2, 2000
58,582
373
283
Easley South Carolina
From The Hellenic Shipping News:

Chinese shipyards are looking to develop further their tanker business
quote:

When Chinese shipyards emerged on the forefront and started investing heavily to improve their position in the global market, few ship owners chose them. The lack of expertise in a highly demanding and competitive market were among the reasons.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=53825:chinese-shipyards-are-looking-to-develop-further-their-tanker-b usiness-&catid=1&Itemid=61
 
Dec 2, 2000
58,582
373
283
Easley South Carolina
Dec 2, 2000
58,582
373
283
Easley South Carolina
From The Hellenic Shipping News:

Back to the Future of the Orderbook
quote:

Between 2006 and 2008, 12,584 vessels were contracted, of which 10,909 were scheduled to be delivered before the end of 2011. However, only 76% of those 10,909 vessels have actually been delivered as of today. The majority of these undelivered vessels remain on the orderbook.
More at http://www.hellenicshippingnews.com/index.php?opti on=com_content&view=article&id=53975:back-to-the-f uture-of-the-orderbook-&catid=1&Itemid=61
 
Dec 2, 2000
58,582
373
283
Easley South Carolina
From The Hellenic Shipping News:

China: Shipbuilding Orders Dropped Significantly
quote:

Chinese shipbuilders’ order backlog dropped significantly this year from the end of last year due mainly to prolonged global economic uncertainties, reports Yonhap News Agency citing government data revealed on Monday.
More at http://www.hellenicshippingnews.com/index.php?opti on=com_content&view=article&id=54197:china-shipbui lding-orders-dropped-significantly-&catid=7:shipbu ilding-news&Itemid=71
 
Dec 2, 2000
58,582
373
283
Easley South Carolina
From The Hellenic Shipping News:

Ship owners unable to secure financing for new buildings on the back of the eurozone crisis
quote:

It could be a blessing in disguise in terms of helping alleviating the oversupply of vessels in the global market, but certainly the new trend emerging in ship financing shouldn’t be viewed as something positive, quite the opposite.
More at http://www.hellenicshippingnews.com/index.php?opti on=com_content&view=article&id=54424:ship-owners-u nable-to-secure-financing-for-new-buildings-on-the -back-of-the-eurozone-crisis-&catid=1&Itemid=61
 
Dec 2, 2000
58,582
373
283
Easley South Carolina
From The Hellenic Shipping News:

South Korea: DSME Reaches USD 12 Billion Mark in Newbuild Orders
quote:

DSME has now hit the 11 billion dollar mark which was the sales target for this year by winning new orders. DSME won a new order for one fixed offshore platform with Chevron, the global oil company on 14th October. The value of this contract is approximately 1.4 billion dollars.
More at http://www.hellenicshippingnews.com/index.php?opti on=com_content&view=article&id=54662:south-korea-d sme-reaches-usd-12-billion-mark-in-newbuild-orders -&catid=7:shipbuilding-news&Itemid=71
 
Dec 2, 2000
58,582
373
283
Easley South Carolina
Dec 2, 2000
58,582
373
283
Easley South Carolina
Today's Feature Story from The Hellenic Shipping News:

Vinashin’s executive and 8 accomplices prosecuted
quote:

58 year-old Nguyen Thanh Binh, former chairman and general director of state-owned Vietnam Shipbuilding Industry Corporation (Vinashin) and his accomplices have been indicted for “intentionally acting against the state’s economic management regulations and causing serious consequences.”￾
More at http://www.hellenicshippingnews.com/en-gb/News.aspx?ElementId=9fdd4302-9bd0-4dce-91d4-f1bb34e264d0

Comment: Not much of a surprise that there are two guys who have gone on the lam. If I was facing a looooooonnnnngggggg term in prison...or worse...I'd bag butt outta town too!
 
Dec 2, 2000
58,582
373
283
Easley South Carolina
Today's Feature Story from The Hellenic Shipping News:

Global Shipbuilding Industry Making Changes to Stay Afloat
quote:

As the Eurozone crisis rages on, an industry that’s been affected by it, although it hasn’t been in the news, is the shipbuilding industry. Primarily centered in Asia, the shipbuilding industry is seeing changes in competition and in revenue sources as it continues to deal with the turmoil a continent away.
More at http://www.hellenicshippingnews.com/News.aspx?ElementId=05329603-061a-425a-83b5-b0b2bac7b20f
 
Dec 2, 2000
58,582
373
283
Easley South Carolina
Today's Feature Story from The Hellenic Shipping News:

Newbuilding activity looks to new year with emerging trend calling for slower market
quote:

Oversupply pressures both in the dry bulk and the tanker markets, as well as in the container business are calling for a much slower newbuilding ordering activity during 2012. An additional factor expected to put pressure on shipyards is the lack of financing for many companies, especially those operating from the European continent.
More HERE
 
Dec 2, 2000
58,582
373
283
Easley South Carolina
Today's Feature Story from The Hellenic Shipping News:

Newbuilding orders picked up in 2011, but 2012 expected to be a different story
quote:

With the BDI (Baltic Dry Index) starting the year on a sour note, losing 114 points and ending yesterday’s session, the first of the new year, at 1,624 points, it’s worth taking a look at one of the factors which is expected to determine the future of shipping, i.e. newbuilding ordering activity.
More HERE
 
Dec 2, 2000
58,582
373
283
Easley South Carolina
From The Hellenic Shipping News:

Brazil’s Growing Pains: Can Local Shipbuilders Meet Brazil’s Growing Offshore Demand?
quote:

Brazil is hinging its economic future on crude oil, betting that huge fields discovered in recent years will create the basis for an industrial boom that could lead the country from emerging-market upstart to developed-nation powerhouse.
More HERE