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Damen delivers cable installer to Maersk Supply Service

On 4 February 2016 the DP2 cable installation vessel Maersk Connector was handed over from Damen Shipyards Group to Maersk Supply Service. The vessel is going directly on a long-term charter for subsea services provider DeepOcean. The on-time, on-budget delivery marks the successful cooperation between Damen, Maersk Supply Service and DeepOcean. Based on Damen’s DOC […]

By |February 6th, 2016|Latest News, Ship Building|0 Comments

Namura Shipbuilding introduces ClassNK-NAPA GREEN

The fleet performance management and optimization system ClassNK-NAPA GREEN jointly developed by leading classification society ClassNK (Chairman and President: Noboru Ueda) and maritime-software, services and data analysis company NAPA has been introduced to a newbuilding by Namura Shipbuilding. The move was spearheaded by Namura Shipbuilding based on the shipowner’s acceptance.

ClassNK-NAPA GREEN collects voyage data from […]

By |January 27th, 2016|Latest News, Ship Building, Shipping News|0 Comments

S. Korean shipyards to pay bonuses despite huge losses

South Korean shipbuilders, reeling from massive losses, are planning to pay bonuses to their employees for the Lunar New Year’s holiday, as part of efforts to boost morale, industry sources said Friday.

According to the sources, Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. are set to pay one-off […]

By |January 23rd, 2016|Latest News, Ship Building|0 Comments

Chinese Shipyards See New Orders Fall by Almost Half in 2015

New orders received by Chinese shipbuilders fell by nearly half last year from 2014, suggesting more consolidation is in order as the country’s appetite for raw materials wanes and shipping rates languish at multiyear lows.

Shipbuilders in China received new orders amounting to 31.3 million deadweight tons last year, a world-leading 34 percent share of the global […]

By |January 19th, 2016|Latest News, Ship Building|0 Comments

Shipyards Vanish as China Loses Appetite for Consuming Iron Ore

The weakening yuan and China’s waning appetite for raw materials have come around to bite the country’s shipbuilders, raising the odds that more shipyards will soon be shuttered.

About 140 yards in the world’s second-biggest shipbuilding nation have gone out of business since 2010, and more are expected to close in the next two years after […]

By |January 13th, 2016|Latest News, Ship Building, Shipping News|0 Comments

S. Korean Shipbuilders cut 3,000 jobs last year amid slump

South Korean shipyards, led by Hyundai Heavy Industries Co., slashed their workforces by some 3,000 in 2015 as they struggled with mounting losses stemming from a delay in the construction of offshore facilities and an industrywide slump, industry data showed Monday.

According to the data, some 3,000 employees were let go by the country’s top three […]

By |January 12th, 2016|Latest News, Ship Building|0 Comments

Statistics reaffirm shipbuilding sector on edge of precipice

While domestic shipbuilders recorded one of their worst performances last year because of failures in the offshore plant business, they also suffered a dearth of new orders, darkening the outlook for years to come, industry sources say.

According to Clarksons, a British agency analyzing the shipping and shipbuilding industry, Korean shipyards received orders totaling 10.15 million […]

By |January 11th, 2016|Latest News, Ship Building|0 Comments

S. Korea’s top 3 shipyards log 8 tln won operating loss in 2015

South Korea’s big three shipbuilders probably posted a record operating loss in 2015, stung by a combination of a prolonged industry slump, a series of order cancellations and a delay in the construction of offshore facilities, data showed Thursday.

According to the industry data, the top three shipyards — Hyundai Heavy Industries Co., Samsung Heavy Industries […]

By |January 8th, 2016|Latest News, Ship Building|0 Comments

South Korea’s stranglehold on the shipbuilding industry loosens, but only just

Korea is still home to the world’s top four shipbuilders, but for the first time ever a Chinese company has snatched fifth place

The world shipbuilding market, once dominated by five major South Korean companies, has seen some major changes in the space of a little over a decade.
As the South Korean builders struggle with financial […]

By |January 4th, 2016|Latest News, Ship Building|0 Comments

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