Latest Event

Shri Deepak Shetty Interviewed by Capt Virendra Mishra, The Shipping Tribune

View More

Ship Building

Adani Ports signs MoU with L&T Shipbuilding for evaluating port operations

Adani Ports and Special Economic Zone Ltd (APSEZ) has entered into a non-binding agreement with L&T Shipbuilding for evaluating the operations of the port at Kattupalli, Tamil Nadu, for a month.

“The definitive agreements would be entered into later,” it told the exchanges on Thursday. “While all non-operating revenues and expenses will be to L&T’s account, […]

By |October 2nd, 2015|Latest News, Local News, Port News, Ship Building|0 Comments

Shanghai Waigaoqiao Shipbuilding signs US$2.8 billion deal with EximBank

SHANGHAI Waigaoqiao Shipbuilding (SWS) has signed a strategic agreement with the Export-Import Bank of China where the bank will provide credit facilities to a total of CNY18 billion (US$2.8 billion) over a three-year period.

China EximBank said it has been in close cooperation with SWS for more than 10 years, and supported the shipyard with close […]

By |September 29th, 2015|Latest News, Ship Building|0 Comments

Shanhaiguan Shipbuilding books order for up to six containerships

Shanhaiguan Shipbuilding Industry has booked an order to build up to six feeder containerships for Dalian Port Wantong Logistics and Dalian Jifa Ship Management.

The newbuilding contract will see the affiliate yard of China Shipbuilding Industry Corporation (CSIC) construct two 1,100 teu boxships, plus an option to build four more similar vessels.

The container vessels are expected […]

By |September 22nd, 2015|Latest News, Ship Building|0 Comments

India: GAIL gives option to local yards to buy stake in LNG carriers in fresh tender

Local shipbuilders including state-run Cochin Shipyard Ltd, L&T Shipbuilding Ltd and Pipavav Defence and Offshore Engineering Co. Ltd will have the option to take equity stakes in each of the three new liquefied natural gas (LNG) carriers they are hoping to build for use by GAIL (India) Ltd to ship the commodity from the US […]

By |September 17th, 2015|Latest News, Local News, Ship Building|0 Comments

Clean Marine wins another contract for EGCS installation on two vessels

Clean Marine has signed a contract with the Chinese yard Huanghai Shipbuilding Co.Ltd. for the supply of exhaust gas cleaning systems (EGCS) on two reefer/fishing support vessels, which are currently under construction. The contract also includes an option for delivery of additional EGCS on two identical sister vessels.

The vessels are owned by EF Transport (Malta) […]

By |September 16th, 2015|Latest News, Ship Building|0 Comments

Increasing Number of Shipbuilder Payments Delayed

Daewoo Shipbuilding & Marine Engineering canceled a 703.4 billion won (US$590.5 million) contract for a drillship on Aug. 19 four months ahead of delivery, as the ordering party failed to make a second payment. On Aug. 28, Samsung Heavy Industries put off the delivery of two drillships to Seadrill until March 2017 at the request […]

By |September 10th, 2015|Latest News, Ship Building|0 Comments

Can shipbuilders afford strike?

Unions at Korea’s three largest shipbuilders are threatening to strike at a time when the companies are struggling to stay afloat amid the worldwide industry slump.

They are demanding a raise and improved working conditions, adding that unless their demands are met they will begin a strike on Sept. 9.

However, industry analysts are chiding the unions, […]

By |September 5th, 2015|Latest News, Ship Building|0 Comments

India: Local shipbuilders to get back subsidy they lost eight years ago

The government is set to re-introduce a new subsidy scheme for local shipbuilders, eight years after an earlier scheme ended, hoping that the support will help shipyards better compete with global shipbuilders for orders amid a prolonged downturn in the shipping industry.

The subsidy scheme is part of a shipbuilding policy package to be considered by […]

By |September 1st, 2015|Latest News, Local News, Ship Building|0 Comments

India: Union Ministry to offer subsidy to ship building Industry

The Union Minister for Shipping, Road Transport and Highways Nitin Gadkari has said his ministry has prepared a scheme to offer subsidy to the shipbuilding industry.  The minister said it has been sent to the Cabinet for its approval.

Addressing media men at a press conference at Dona Paula near Panaji in Goa on Monday, after […]

By |August 25th, 2015|Latest News, Local News, Ship Building|0 Comments

S.Korea: Shipbuilders’ unions call strike over salary freeze

Unions at Korea’s three biggest shipbuilders announced they will stage a joint strike next month to protest a salary freeze imposed by management following a total operating loss of almost 5 trillion won ($3.9 billion) in the second quarter.

Workers from Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries said they will […]

By |August 24th, 2015|Latest News, Ship Building|0 Comments