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Friday, March 30, 2018
Thursday, January 25, 2018
China to Inject New Capital Into State-Owned Shipyards
SINGAPORE, Jan 25 (Reuters) – China State Shipbuilding Corporation’s listed units CSSC Holdings and CSSC Offshore & Marine plan to bring in major investors to inject about 10.2 billion yuan...
Thursday, October 26, 2017
South Korean Shipyards in Tough Battle with Undercutting Chinese Rivals
By Mike Wackett in Busan (The Loadstar) – South Korean shipyards are in a battle with Chinese rivals, over construction of ultra-large container vessels, that they cannot win. That was...
Tuesday, August 8, 2017
China’s Yangzijiang Shipbuilding Shares Hit Six-Year High as Q2 Profit Jumps
SINGAPORE, Aug 8 (Reuters) – China’s Yangzijiang Shipbuilding Holdings Ltd reported a 73 percent increase in second-quarter net profit, helped by higher revenue from the construction of larger-size vessels, sending...
Wednesday, March 1, 2017
China’s Yangzijiang Shipbuilding Plans to Cut Another 10% of Workforce 2017
SINGAPORE, March 1 (Reuters) – China’s Yangzijiang Shipbuilding Holdings Ltd plans to cut another 10 percent of its workforce in 2017, its executive chairman said, as the company seeks to...
Thursday, January 12, 2017
Setting Sights on High-End Market, China Pledges Support for Shipbuilding Industry
SHANGHAI, Jan 12 (Reuters) – China aims to capture up to 40 percent of the global high-end marine equipment market over the years through 2020 while reforming and supporting its...
Friday, August 26, 2016
Chinese Shipbuilder to Cut 2,000 More Jobs Amid Ordering Slump
SINGAPORE, Aug 26 (Reuters) – Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up efforts...
Tuesday, August 9, 2016
China Sees Second Shipbuilder Default This Year as Economy Slows
By Bloomberg News (Bloomberg) — A Chinese shipbuilder failed to make a bond payment due Monday, becoming the second such company to default in the onshore market this year. Wuhan...
Friday, April 15, 2016
One Chinese Shipyard Is So Unprofitable It’s Literally Becoming a Parking Lot
By Ma Jie (Bloomberg) — Chinese shipbuilders are under so much financial strain that one of them is literally being turned into a parking lot. China Ocean Industry Group Ltd.,...
Wednesday, April 13, 2016
China’s Yangzijiang Wins $510 Million Ship Order Amid Weak Demand
By Kyunghee Park (Bloomberg) — Yangzijiang Shipbuilding Holdings Ltd., China’s biggest private shipbuilder, won a $510 million order to build six very large iron ore carriers to haul the commodity...
Saturday, March 26, 2016
SPOTD – China’s Brand New “Flagship” Research Vessel
The scientific expedition vessel “Xiangyanghong 03” was launched on Saturday and joined China’s oceanic research team in Xiamen, Fujian Province. At a cost of 580 million yuan (89 million U....
Monday, January 18, 2016
Chinese Shipyards See New Orders Fall by Almost Half in 2015
By Bloomberg News (Bloomberg) — New orders received by Chinese shipbuilders fell by nearly half last year from 2014, suggesting more consolidation is in order as the country’s appetite for...
Tuesday, January 12, 2016
Shipyards Vanish as China Loses Appetite for Consuming Iron Ore
By Kyunghee Park (Bloomberg) — The weakening yuan and China’s waning appetite for raw materials have come around to bite the country’s shipbuilders, raising the odds that more shipyards will...
Thursday, October 1, 2015
Satellite Images May Show China’s First Domestically Built Aircraft Carrier
BEIJING, Oct 1 (Reuters) – New satellite images show China may be building its first indigenous aircraft carrier in the northeastern port of Dalian, according to IHS Jane’s Defense...
Friday, August 21, 2015
Troubled Chinese Shipbuilding Group JES Suspends Operations
Chinese shipbuilding and engineering group JES International says it has ceased operations and production in order to control costs as it struggles with overall disarray within the company and its...
Monday, July 27, 2015
CMA CGM Takes Delivery of Largest Containership Ever Built In China
CMA CGM Group has announced the delivery of the ultra-large containership CMA CGM VASCO DE GAMA on Monday from China State Shipbuilding Corporation. With an 18,000 TEU capacity and...
Monday, March 16, 2015
China Rongsheng to Sell Shipbuilding and Offshore Engineering Businesses
China Rongsheng Heavy Industries Group Holdings Ltd., the shipbuilder whose woes made it a symbol of the country’s credit binge, said it planned to sell assets to an unidentified Chinese acquirer.
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