STX OSV shines on debut

It was smooth sailing for STX OSV, a unit of Europe's largest shipyard, as its shares began trading in Singapore on Friday.
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Source: TODAYonline

Posted on 11/12/2010 / 0 comments / Read More

Greek shipyard workers demonstrate over unemployment

Greek shipyard workers demonstrated in the center of Athens on Thursday afternoon over unemployment, as the rate in all economy sectors across Greece has increased to record high, according to the latest data released by the Greek Statistical Authority.
Hundreds of employees in the shipyards of Perama near the Greek capital marched in front of the Finance Ministry, denouncing the austerity measures introduced this year, as the country faces a severe debt crisis.
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Source: People's Daily Online

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China to build new patrol ship to enhance maritime capability



Chinese Patrol Vessel "Haixun 31"

 The contract to build China's most advanced large-scale maritime patrol ship, Haixun 01, was singed in Shanghai on Thursday, which means China's capability for maritime surveillance and rescue will be further improved.
It will take 20 months for Wuchang Shipbuilding Industry Company, Ltd. to build the ship and it is expected to be delivered in July 2012.
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Source: People's Daily Online

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