India is stepping up its efforts to support the shipbuilding industry as it endeavors to establish a fund that would provide loans to its shipbuilders. The country’s shipping ministry has launched discussions with financial institutions such as IFCI and IDBI to establish a fund of as much as Rs.15,000 crore to extend low-cost loans to […]
Glasgow-headquartered Clyde Blowers Capital has been announced by KPGM administrators as the preferred bidder for the Ferguson Shipbuilders’ business and its assets. Commenting on the announcement, Scotland’s First Minister Alex Salmond said: “Jim McColl’s company is one of Scotland’s greatest job creators, and I will be meeting with the company, the workforce and shop stewards to ensure […]
August 26, 2014 | Posted in
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Russian Prime Minister Dmitry Medvedev said that Russia may be ready to adopt protective measures for the aircraft, shipbuilding and auto industries, as well as other industries originating from countries that imposed sanctions against Russia. Medvedev said that the decision comes in the wake of the recently imposed order by the Russian President Vladimir Putin aimed […]
IHI Corporation (IHI), Atlântico Sul Shipyard (EAS) and Federal University of Pernambuco (UFPE) will join forces in building up their workforce in shipbuilding and offshore industry. Namely, the three parties signed a Memorandum of Understanding (MOU) while in Brasilia, Brasil, aimed at establishing strategic cooperation framework for expansion of human resources potential in the […]
August 4, 2014 | Posted in
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The future of the Australian multi-billion dollar naval shipbuilding industry will be a hot topic on today’s agenda of the Australian Senate in Canberra. Namely, the Senate will hold an urgent hearing today on the Government’s decision to prevent Australian ship builders from bidding to build two navy supply ships, favouring either Spain or […]
July 21, 2014 | Posted in
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The beginning of 2014 saw the global order-book continue the growth trend which started in 2013 after five successive years of decline, it was concluded during the annual general meeting of European Ships and Maritime Equipment Association (SEA Europe) held in Copenhagen, Denmark from 26-28 June. The current order book stands at 180million CGT. […]
July 3, 2014 | Posted in
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AVEVA today announced its release of a new business paper ‘Diversification – The technology aspects.’ This paper explains how the latest generation of marine software can help to overcome the diversification challenges that shipbuilders face by integrating its many individual applications and datasets with those used in the plant industries. ‘Diversification into offshore projects is […]
December 2, 2013 | Posted in
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TTS Group ASA, through its subsidiary TTS Marine AB, has signed two contracts in South Korea worth approximately 72 MNOK – one with Hyundai Heavy Industries and the other with Daewoo Shipbuilding & Marine Engineering. The contract with Hyundai Heavy Industries Co., Ltd. is delivery of internal and external ramps for two car carriers under […]
June 28, 2013 | Posted in
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South Korean shipbuilders could see their first quarter earnings fall significantly compared to figures reported for the same period last year. While Hyundai Heavy Industries, the world’s largest shipbuilder, racked up an operating income of about US$405M in the first three months of the year, it is 53% down on the operating income reported a […]
Faced with plunging demand for ships it seems that shipbuilders have turned to oil and gas sector. One of such examples is Rongsheng Heavy Industries Group Holdings Ltd., which has formed a new offshore-energy equipment unit aiming to focus on offshore and marine business and hoping that the new unit will generate half of its […]
