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Ship Building

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

Gibdock strengthens its position with German owners

Gibdock, the Gibraltar ship repair yard, is strengthening its impact within the German ship owning market. Working in partnership with its local agent, Hamburg-based Combitrade, the yard has managed to win a significant amount of business from some of the country’s leading shipowners and managers in recent years.

Further proof of the rising reputation of the […]

By |August 19th, 2015|Latest News, Ship Building, Shipping News|0 Comments

India: ABG Shipyard Q1 net loss widens to Rs.948.2 crore

ABG Shipyard Ltd, the flagship firm of the ABG Group, on Friday said its consolidated net loss has widened to Rs.948.2 crore for the first quarter ended 30 June.

The country’s largest private sector shipbuilding yard had reported a net loss ofRs.222 crore in the year-ago period, it said in a filing to BSE.

Total income […]

By |August 15th, 2015|Latest News, Local News, Ship Building|0 Comments

Markets- Shipyards suffering

Some shipyards are living a kind of ‘hand to mouth’ existence as orders become few and far between.
However, there are a few contracts emanating from tanker owners.
For example, Nantong Tongbao Shipbuilding was said to have won an order from Shanghai Dingheng Shipping and Xiamen Xiangyu Group to build eight stainless steel chemical tankers worth RMB1 […]

By |August 8th, 2015|Latest News, Ship Building|0 Comments

Strategic Marine’s Stock Program Full Power Ahead

Strategic Marine, the specialist shipbuilder and fabricator, has confirmed its stock program of personnel transport vessels is market-ready.

“Our stock program currently incorporates two class leading designs which are in high demand through its wide deployment capabilities and operating envelope,” says Reece Newbold, Group Business Development Manager for Strategic Marine. “Producing them as stock vessels decreases […]

By |August 4th, 2015|Latest News, Ship Building|0 Comments

World’s Top 3 Shipbuilders Post Record Loss on Deep-Sea Failures

The world’s three biggest shipbuilders posted a combined 4.8 trillion won ($4.1 billion) in operating losses in the second quarter, paying the price for a failed foray into deep-sea oil rigs.

Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. — South Korea’s Big Three shipbuilders — all reported losses […]

By |July 30th, 2015|Latest News, Ship Building|0 Comments

Deep-Sea Plan Fails, Leaving Korean Shipyards Struggling

The deep-ocean strategy is coming back to bite South Korean shipyards.

Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. — South Korea’s Big Three shipbuilders — ventured into offshore oil rigs starting around 2010. The goal was to avoid direct competition with China, where inexpensive labor could churn out […]

By |July 28th, 2015|Latest News, Ship Building|0 Comments

STX Dalian receiver to auction bulker, boxship amid bidder uncertainty

BANKRUPT Chinese shipyard STX Dalian officials will attend a hearing at the Dalian Intermediate People’s Court on August 6 to auction a bulk carrier and a containership under construction at the yard, according an announcement from Shanghai International Commodity Auction Company, the auction agency designated by the receiver.

The ships are a 400,000-dwt bulker Vale Ponta […]

By |July 26th, 2015|Latest News, Ship Building|0 Comments

South Korean shipbuilders forecast to report dismal Q2 earnings

South Korea’s major shipbuilders, led by Hyundai Heavy Industries Co., are forecast to have logged worse-than-expected earnings in the second quarter, largely due to the delivery of low-priced ships and a delay in the construction of loss-making offshore facilities, industry data showed Tuesday.

In particular, Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. […]

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