Sinking orders for China's shipyards

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.

Tuesday, 24 July, 2012, 12:00am

Mainland shipbuilders on consolidation course

The mainland's shipbuilding sector is set to consolidate as state-owned shipyards take over smaller privately owned operators in the face of overcapacity and a dearth of new orders, a senior Hong Kong banker said.

25 Apr 2012 - 12:00am

Mainland shipyards on course to consolidate

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

Dockyard eyes big ships with expansion plan

Hongkong United Dockyards is seeking to double the size of its dry dock complex at Tsing Yi with the addition of a second floating ship repair dock capable of handling the largest container ships afloat.

6 Apr 2011 - 12:00am

Shipyards say stimulus doesn't go far enough

Beijing released further information on its stimulus package for the shipbuilding industry yesterday, but shipyards claimed the measures were vague and did not do enough to address problems in the industry.

5 Jun 2009 - 12:00am

Shipyards reel as steel prices and yuan soar

Mainland shipyards will have to brave rough seas to maintain profitability in light of rising steel prices and a stronger yuan. And that is despite having turned shipbuilding into the country's 12th-largest industry in value by exporting US$11.94 billion worth of vessels last year, up 49 per cent from the year before.

11 Feb 2008 - 12:00am

Owners hand over Disney site shipyard

A shipyard near the site for the Disneyland project on Lantau Island has been handed over to the Government after the operator pocketed about $1.5 billion in compensation.

5 Apr 2001 - 12:00am

Shipyard area cleared

Lands Department staff cleared an area at North Tsing Yi Shipyards to make way for community facilities. Eighteen shipyards and 15 workshops and businesses were affected.

2 Jun 2000 - 12:00am

Tsing Yi shipyards hold out on moves

To date, 14 north Tsing Yi shipyards still have not accepted the Government's offer of new yard sites to be granted under private treaty, according to a government spokesman.

Acting Secretary for Planning, Environment and Lands, Patrick Lau, said the Government hoped the shipyards would make an early decision on the offer.

16 Dec 1998 - 12:00am

Shipyards move threatens 3,000 jobs, owners claim

Thousands of jobs will be lost if shipyards on Tsing Yi Island are forced to move, owners claimed yesterday.

Representatives of 14 shipyards will complain to the Ombudsman today about a Housing Department directive to move by the end of next month.

1 Sep 1998 - 12:00am

Shipyards to move amid row

A plan to clear and relocate shipyards in north Tsing Yi will go ahead despite possible protests from the operators and workers, the Government says.

The plan was part of the reclamation project to meet the shortage of open space on Tsing Yi, a spokesman said yesterday.

14 Apr 1998 - 12:00am

Ukraine hopes to lift output

Ukraine's six shipyards sold seven ships last year worth US$81.4 million compared with 11 ships worth $168.5 million in 1996, according to Industrial Policy Minister Vasyl Hureyev.

The government hoped output of ships and orders, which stand at $600 million, would increase this year, Mr Hureyev said.

2 Feb 1998 - 12:00am

Norway refit order for Croatia

Croatian shipbuilder Viktor Lenac has won a US$9 million order from Norway's Farstad Shipping to refit supply vessel Lochnagar as a pipe-laying ship, the Zagreb Stock Exchange said.

The ship should be refitted by May 31, and the Rijeka-based shipyard was in talks with the Norwegian company for equipping it with pipe-laying equipment worth another $4 million, the exchange said.

23 Jan 1998 - 12:00am

Aker RGI to get MTW yard

Norway's Aker RGI has won a preliminary decision on the second privatisation of the MTW shipyard, according to Mecklenburg-Vorpommern state officials.

16 Jan 1998 - 12:00am

Sanko wins Brattvaag contract

Brattvaag Industrier, owned by Norway's Aker RGI, has won a 170 million krone (about HK$181.22 million) contract from Tokyo-based Sanko Steamship Co to build a supply ship at its Soeviknes Verft shipyard.

Aker said the ship was the fourth to be ordered by the Japanese company.

Brattvaag Industrier has a total of 14 vessels on order, worth about 2.4 billion krone.

8 Dec 1997 - 12:00am