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Shipbuilding
Restructuring whirl impending
Shipbuilding industry in South Korea is set to get into another round of restructuring while the market slump persists. According to industry sources, creditors group of shipbuilders plan to evaluate credit risk of yards since April when financial...
2010-03-02 06:26:30
Hudong wins export order from Greek
China State Shipbuilding Corp (CSSC) is reportedly poised to bag its first Greek newbuilding order since September 2008. Industry sources say CSSC-controlled Hudong-Zhonghua Shipbuilding is finalizing a two-ship deal with George Economou's DryShip...
2010-02-26 12:21:10
China takes more cape orders
Chinese shipbuilding yards increased their stake in the capesize bulk carrier orderbook by 3% last year, effectively downsizing the volume of contracts in South Korea and Japan. “Today, China’s shipyards are building 50% of all capesizes on or...
2010-02-26 08:29:28
Samsung moderates delivery conditions
Samsung Heavy Industries executive vice-president CH Park said that the yard has agreed with several container lines to postpone deliveries of new containerships from 2011 to 2012 and 2013, though he would not give details of individual contracts or ...
2010-02-26 08:27:03
Shandong may empty after 2011
Shandong Province, an influential shipbuilding base in North China, faces severe challenge in the next two years. A pessimistic view is spreading that Shangdong may come across ‘0’ orderbook after 2011. An officer from local government said sh...
2010-02-26 01:31:04
HHI Gunsan names its first ships
Korea’s Hyundai Heavy Industries held a naming ceremony on Thursday for the first vessels it built at its new facility Gunsan Shipyard. The christening ceremony was attended by 70 relevant officials including HHI vice-chairman Min Keh-sik and E....
2010-02-25 14:40:36
New orders hit 17-year low
In 2009, Korean shipbuilders secured the smallest volume of new orders in 17 years. According to a report titled ‘Shipbuilding Industry Trends at the End of December 2009’ released by the Korea Shipbuilders’ Association (Koshipa), the countr...
2010-02-25 09:34:54
Shanghai yards to top
Shanghai is expected to develop as China’s largest shipbuilding hub in 2015 with an increase of annual production capacity to 12m dwt, according to a report by China Investment Consulting. The research group said that the value of vessel comple...
2010-02-25 08:21:32
CSIC buoyant with diversification
The China Shipbuilding Industry Corporation (CSIC), the country's largest shipbuilder, achieved impressive double-digit growth in output, revenue and profit last year despite the global recession. Last year was tough for China's export-oriented shipb...
2010-02-25 08:16:45
War of keeping orderbook
“The top priority for this year is to keep the existing orders intact,” a senior official from a shipbuilder said. Amid the order drought, contract cancellations, payment delays, and ship type alterations continue. The unprecedented requests...
2010-02-25 07:23:06
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