US ship helps Iran sailors

A US naval ship came to the aid of two stranded Iranian sailors early yesterday in the Arabian Gulf, providing food and water until the arrival of the Iranian Coastguard.
The US Navy was notified by a merchant vessel of the sailors in a life raft after an emergency flare was seen and the USS Oscar Austin was sent to provide help, said a statement by the Bahrain-based US Fifth Fleet.
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Source: Indian Express

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Chinese navy to help ship attacked by pirates in Indian Ocean

China announced sending a warship to help a Chinese cargo vessel attacked by pirates in the Indian Ocean.
A warship will reach the site tomorrow morning to help the Chinese ship attacked by pirates in the northern Indian Ocean, the China Maritime Search and Rescue Centre (CMSRC) said here.
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Source: Indian Express

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Japan says two Chinese ships seen near disputed islands

Two Chinese ships were spotted near islands at the centre of a dispute between Beijing and Tokyo, Japan's coast guard said, as diplomats try to mend ties after a bitter row.
A Japanese patrol aircraft saw an advanced Chinese fisheries patrol ship in waters near the island chain in the East China Sea around 8:25 am (2325 GMT) on Saturday, a coast guard spokeswoman said, before finding a second vessel 20 minutes later.
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Source: AFP

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Many Chinese to run aground

China's shipbuilding industry, holder of the world's largest orderbook, will see dozens of small shipyards go under or get taken over next year, as a choppy wave of consolidation rocks an oversupplied market.
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Source: Asiasis

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Boxship orderbook swells!

This October, the containership orderbook has risen for the first time after 27 consecutive months of decline, with new orders now pacing out deliveries.
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Source: Asiasis

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Orders plummet at Japan yards: high yen

Takao Motoyama, president of The Shipbuilder's Association of Japan (SAJ), revealed at a regular meeting on November 16th that Japan's shipbuilders are facing an acute decrease in new orders due to a high yen.
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Source: Asiasis

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Local shipbuilder to deliver two vessels to German co Nov 26

Western Marine Shipyard, a leading shipbuilder of Bangladesh has created a milestone in the country's shipping industry by successfully launching the largest and longest marine vessels in Bangladesh.
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Source: Financial Express

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Heavy-duty cutter suction dredger Al Jarraf launched at ASL Shipyard

The heavy duty cutter suction dredger Al Jarraf, meaning ‘dredging vessel’ in Arabic, was launched on 27 October at ASL Shipyard in Singapore.
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Source: Dredging News Online

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Croatia gets bids for last shipyard - EU demands reform of subsidised docks

Croatia has received three bids to buy a nearly 300-year-old shipyard, the last of five state-owned docks it is trying to sell to meet a major condition for completing its European Union entry talks next year.
Restructuring the heavily subsidised docks so that they no longer require state aid is an important requirement for Zagreb to complete its talks to enter the EU.
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Source: Balkans.com

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OSX to build shipyard in Rio

IHS Fairplay reports that shipbuilder OSX Brasil has revealed that it will build a shipyard with South Korea's Hyundai HI in Brazil’s Rio de Janeiro state.
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Source: Offshore Shipping Online

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Nakilat shipyard to repair large LNG carriers

Nakilat shipyard, which will be formally inaugurated at Ras Laffan on Tuesday, will undertake construction of ships up to 120m in length, besides repair and maintenance of very large LNG carriers and range of other vessels.
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Source: Gulf Times

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Shipping Corporation of India signs Contracts for vessels

Shipping Corporation of India Ltd has announced that the Company has signed shipbuilding contracts for acquisition of 2 nos. Very Large Crude Oil Carriers (VLCCs) of about 317,000 DWT each, with M/s. Jiangsu Rengsheng Heavy Industries Co. Ltd.
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Source: Equity Bulls

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Parent Co. Pledges Asset Injections Into China Shipbuidling Industry

China Shipbuilding Industry Corporation, the parent company and effective controller of China Shipbuilding Industry (601989), pledged to inject five enterprises into it, including Wuchang Shipbuilding Industry, in the following three years, reports Yangcheng Evening News, citing a company filing.
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Source: CapitalVue

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Dozens of small Chinese shipbuilders struggling to survive -Shipowners likely to cancel or delay 40 pct of orderbook

China's shipbuilding industry, holder of the world's largest orderbook, will see dozens of small shipyards go under or get taken over next year, as a choppy wave of consolidation rocks an oversupplied market.
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Source: Balkans.com

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India may relax rules for local shipbuilders

The shipping ministry proposes to check Chinese shipbuilders from grabbing orders from Indian shipowners by relaxing eligibility rules and granting purchase price preference for local shipyards to undertake contracts.
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Source: livemint.com

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Tie up to build Glasgow's shipbuilding and engineering future

BAE Systems has today launched a long-term partnership with the University of Strathclyde, one of the UK’s top centres for engineering research and education. The move aims to encourage close co-operation in the development of advanced maritime research and technology and a stream of fresh engineering talent into the Company, helping to maintain its position at the forefront of the complex global warship industry.
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Source: Shipping Times

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Brazil Shipbuilding Fund Set To Grant BRL13 Billion Financing

Brazil's Merchant Marine Fund, part of the Transport Ministry, may approve 13 billion Brazilian reais ($7.6 billion) of financing for new shipbuilding projects at a meeting on Dec. 17, fund director Amaury Ferreira Pires Neto said Thursday.
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Source: Nasdaq

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Gov't okays Vinashin restructure

The Government has approved the Viet Nam Shipbuilding Industry Group's 2011-13 restructuring plan to stabilise the group's operations while helping it pay off debts.

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Source: Viet Nam News

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