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  1. Mainland shipyard orders drop 11pc on credit squeeze

    Posted Nov 08th 2008, 12:00am by Charlotte So

    ... ships and tankers which are the most heavily hit by the financial turmoil,' said Jack Xu, a transport analyst at Sinopac Securities. Prices for bulk vessels and container ships had fallen ... profit grew 91 per cent for the first eight months to 21.1 billion yuan (HK$23.97 billion), but that was down from 124.7 per cent in the same period last year. International ship deliveries began ...

  2. Credit crunch leaves shipyards high and dry

    Posted Oct 18th 2008, 12:00am by Charlotte So

    ... Charlotte So The credit crunch is taking a toll on mainland start-up shipyards, resulting in massive delivery delays, according to a report by global ship broker Clarkson. In the first ... of ship plate increased 30 to 50 per cent in May and June, squeezing profit margins, especially for small shipyards that produce low-end vessels. The banks tightened credit to the shipyards, ...

  3. Guangzhou Shipyard to expand production

    Posted Sep 02nd 2008, 12:00am by Charlotte So

    ... years, disregarding concern by some analysts about an oversupply of vessels. The Guangzhou-based shipyard is planning to reduce production bottleneck by searching for a site to expand its ship block production. A 38,000-deadweight tonne (dwt) tanker produced by Guangzhou Shipyard comprises at least 150 ship blocks- sections that need to be assembled at the dock. Short of land ...

  4. 'It is our right to admire the beauty of the cityscape'

    Posted Jan 19th 2008, 12:00am by Staff Reporter

    ... Ken Lee, Gavin Wang, Helen Wu On her second visit to The Peak, Hongkonger Yeung Kai said she was amazed by the popularity of a fast food restaurant inside the Peak Tower among tourists. But many of them were not eating. They crowded a corner of the Burger ...

  5. Naval architect makes design breakthrough

    Posted Sep 27th 2008, 12:00am by Chris Davis

    ... Chris Davis While efficiency remains the ultimate goal of port operators and shipping companies, the local and global shipping and maritime community is also working continuously ... is credited with one of the most significant breakthroughs in environmental ship design in recent years for the improvements he made to the structure of Capesize bulk carriers that are too large ...

  6. Booming industry 'threatens safety'

    Posted Mar 30th 2008, 12:00am by Liz Heron

    ... industry insider said. 'It takes 10 to 12 years to build a captain in terms of giving him the experience and security to head a vessel, but it only takes two years to build a ship.' Classification society DNV Maritime warned last week that global accident rates for large ships had doubled in the past five years, citing the boom in shipping, a shortage of officers, lower retention ...

  7. Maritime marvel

    Posted Apr 19th 2008, 12:00am by Staff Reporter

    ... The Princess Taiping, a replica of a Ming dynasty junk, moors at the newly rebuilt Blake Pier outside the Maritime Museum in Stanley yesterday. It goes on public display today until the end of the month. The vessel was made from natural materials using 60 ...

  8. Shipyards reel as steel prices and yuan soar

    Posted Feb 11th 2008, 12:00am by Charlotte So

    ... the date when the construction begins. However, steel inventory in a medium-sized shipyard such as Guangzhou Shipyard is just enough for several months. When the prices of steel rise more than ... such as small, dry bulk-ships and small tankers. 'Local shipyards have expanded too fast; it will lead to oversupply in the near term,' said Fan Qiang, assistant president of China ...

  9. Clear the decks

    Posted Feb 20th 2008, 12:00am by Staff Reporter

    ... to and from ships anchored in Victoria Harbour. Out-of-circulation money was also burnt on the boat. Although Charmaine Zeman has refurbished other boats, she had to do some research to restore ... a period vessel has proved inspirational: he's now studying the construction of Chinese junks in the hope of building a modern replica. Restoring one would be tricky because junks were built ...

  10. Big ships may skip HK, say experts

    Posted Oct 01st 2008, 12:00am by Dennis Eng

    ... Dennis Eng A delay in commissioning the first berth at the new Kai Tak cruise terminal may encourage companies to bypass Hong Kong and base their newer and larger ships at other destinations like Singapore, Shanghai and Shenzhen, industry experts warned. Smaller cruise ships under 100,000 tonnes that ply Hong Kong waters also tend to be older and more difficult to sell ...




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