Singapore’s Keppel Corp and Sembcorp Marine, the world’s top offshore rig-makers, stand to be among the winners from Beijing’s moves to tighten credit amid a downturn at China’s shipyards.Thursday, 18 July, 2013, 11:18am
The mainland's shipbuilders are set to spark a price war in the oil-rig market.12 Jan 2013 - 4:02am
China's shipbuilding industry is heading for its worst year for new orders won in the decade or so since the mainland shipping boom began, according to industry figures.
Shipbrokers said a combination of factors, including overcapacity, difficulty in raising cash and low freight rates, had deterred shipowners from ordering new vessels.24 Jul 2012 - 12:00am
The mainland's biggest privately controlled shipbuilder, China Rongsheng Heavy Industries, will tap international banks, especially those based in Hong Kong, for foreign currency financing.
China Rongsheng president Chen Qiang said this was intended to reduce the foreign exchange risk between the greenback and the yuan.24 Nov 2011 - 12:00am
Small and medium Chinese shipyards are starting to halt production because of shrinking order books, while many mainland shipbuilders' losses are growing, according to China's National Development Reform Commission (NDRC).1 Nov 2011 - 12:00am
Mainland shipyards are set to consolidate as declining orders coupled with tighter credit controls make it harder for smaller shipyards to compete with their larger rivals.3 Oct 2011 - 12:00am
China Shipbuilding Industry Corp, the mainland's second-largest shipbuilder, said yesterday it would spin off its ship equipment divisions in the A-share market.25 Jul 2009 - 12:00am
New orders at mainland shipyards plunged 91 per cent in the first two months of the year, with growing cancellations from shipping lines adding to the gloomy prospects for the battered industry.11 Apr 2009 - 12:00am
Shares of shipbuilders gained yesterday after the central government approved measures to support the struggling industry, including a three-year ban on expansion.13 Feb 2009 - 12:00am
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.18 Oct 2008 - 12:00am