Cheap mainland rigmakers to shake up market

The mainland's shipbuilders are set to spark a price war in the oil-rig market.

Saturday, 12 January, 2013, 4:02am

Credit crunch leaves shipyards high and dry

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

Guangzhou Shipyard to expand production

Guangzhou Shipyard International, the largest small to medium-sized tanker producer on the mainland, says it will expand production by a third in three to five 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.

2 Sep 2008 - 12:00am

Bank sells stake in yard

Poland's BIG Bank Gdanski will sell its 23.2 per cent stake in the Stocznia Polnoc shipyard to the Pilsudski repair shipyard for 6.9 million zlotys (about HK$15.03 million), the bank says. The sale must be approved by the anti-monopoly office.

19 Dec 1997 - 12:00am

Kvaerner to develop US yard

Kvaerner, an Anglo-Norwegian construction and shipbuilding company, says it is close to making an agreement to develop a former US naval shipyard in Philadelphia.

22 Oct 1997 - 12:00am

IHC Caland in Dutch yard bid

Shipbuilding and engineering group IHC Caland says it expects to reach agreement soon to take over Dutch shipyard Giessen-de Noord for 80 guilders (about HK$233) per share.

15 Sep 1997 - 12:00am

China builds largest shipyard in Dalian

China has built its largest shipyard with a capacity of 300,000 tonnes in Dalian, a mainland newspaper says.

The shipyard was 365 metres long, 80 metres wide and 12.7 metres deep, Shanghai's Business News said, adding that the yard was equipped with a 900-tonne hoist, the biggest in Asia. It gave no further details.

21 Mar 1997 - 12:00am

Hanbo drops shipyard plan

The Board of Investments in Manila says the Hanbo group has withdrawn its proposal to invest US$1 billion in a shipbuilding venture in the Philippines.

5 Mar 1997 - 12:00am

Shipyards boast full books

Japanese shipyards have full order books for the next two years, says the Japan Ship Exporters' Association.

The yards are in their healthiest position for years, which an export order book up to the end of May of 371 vessels of almost 14 million gross tonnes. New orders in the financial year to March 31 totalled 265 vessels of 8.2 million gross tonnes.

26 Jul 1996 - 12:00am

Wah Kwong endorses mainland shipyards

Chinese shipyards can build good quality vessels at competitive prices with proper supervision by Chinese-speaking supervisors, Wah Kwong managing director George Chao Sze-kwong says.

He said Chinese shipyards, which had progressed a great deal over the past five years, had successfully built vessels for overseas Chinese people as they could also communicate in Chinese.

22 Jul 1996 - 12:00am

Shipyard planning criticism rejected

The Government has denied that poor planning is to blame for the predicament of 14 north Tsing Yi shipyards that have been asked to move 200 metres to a new site.

A government spokesman disagreed it was poor planning to allow residential development near the yards.

12 Jul 1996 - 12:00am

Yard buildings ordered

VA Technologie, Austria's biggest engineering company, said a subsidiary has won an 80-million-schilling (about HK$56.68 million) contract to build two shipyard buildings at Wismas, Germany.

The unit, VA Machinery, Construction & Engineering, said the buildings, as long as 350 metres, would cover boat repair docks.

10 Jul 1996 - 12:00am

Yards dig in on relocation fight

Fourteen north Tsing Yi shipyards say they want better compensation and a longer lease term before they will agree to move to a new site.

The yards have been fighting the Government's attempt to move them 200 metres west for two years.

They claim the new site is unsuitable for ship repair work and the move could put them out of business, jeopardising 3,000 jobs.

5 Jul 1996 - 12:00am

Call for giant step by China

CHINA should replace all its small shipyards with three giant complexes to become a world player in the industry, a ship management consultant says.

8 Mar 1996 - 12:00am

B&V's China deal on the rocks

GERMAN shipyard Blohm & Voss (B&V) says its plans for involvement in a new repair yard in China have been put on hold and will probably never be realised.

B&V repair chief and board member Helmut Nadler told Shipping & Trade News of Japan that doing business with China was 'extremely difficult'.

27 Dec 1995 - 12:00am