Author: Importer

Last month, Weichai Power, a diesel engine company, said it would spend about $3.8 million to acquire the products, technology and brand of France?s Moteurs Baudouin, which designs and manufactures marine propulsion…

German shipbuilders face order cancellations worth as much as 936 million Euros ($1.2 billion) this year as the industry reels from overcapacity, the Economy Ministry said. Shipyards in ports from Emden in…

Japanese export ship orders tumbled on a year-on-year basis for the fifth consecutive month in February as demand for new vessels flagged amid the deepening global economic slump. Japan received orders for…

Creditors of C&Heavy Industries Co in South Korea announced that they have terminated the troubled shipbuilder?s debt workout program. The move came after a Malaysian fund that showed interest in taking over…

Cunard Line revealed the first details of its 90,400gt newbuild Queen Elizabeth from Fincantieri?s Monfalcone yard, due to enter service in October 2010. The vessel will be the second largest Cunarder built…

Korean shipbuilders are diversifying and introducing new advanced shipbuilding technologies to continue growing in a hostile business environment. Samsung Heavy Industries recently completed construction of the world?s largest semi-submersible offshore oil rig,…

Qingshan shipyard of China Changjiang Shipbuilding Industry in Wuhan officially delivered its first 57,000 dwt bulk carrier which will be exported to Greece this month. It is the largest ship built in…

Hyundai Heavy Industries aims to win $21.1 billion worth of orders this year, down 33% from last year's figure. Last year, the shipbuilder clinched orders valued at a record $28.2 billion, up…

According to the latest statistics, global shipbuilding industry signed only 193,000 DWT new ship deals in February down by 98.4% year on year reaching merely 1.5% of the single month's volume in…

Creditors of C&Heavy Industries Co. said they have terminated a three-month debt workout program for the beleaguered small shipbuilder in South Korea and will make a final decision next week. The creditors,…