Newbuild Prices Up, At Last! [Shipbuilding]
After continuing to fall since the global financial crisis, newbuilding prices are rising continuously since the beginning of April. It is the first time in 20 months that the prices moved upward for two consecutive weeks and market players are me...
2010-04-20 06:45:16
Jinse to be sold in weeks [Finance]
South Korea's Jinse Shipbuilding is expected to welcome its new owner no later than April. According to industry sources, Jinse's sale manager Baker Tilly Sungto received letters of intent for acquisition on April 16th and there were two bidders; ...
2010-04-19 12:37:56
DSME boss awarded 'CEO of the Year' [General]
Korea Management Association (KMA) announced on Apr. 19th that Nam Sang-tae, president of Daewoo Shipbuilding & Marine Engineering (DSME), Shin Chang-jae, chairman of Kyobo Life Insurance, and Cho Jin-wook, chairman of BASF Korea were selected as the...
2010-04-19 12:36:04
Hyundai into US solar power plants [Equipment]
Hyundai Heavy Industries (HHI) and LG Electronics (LGE) of Korea have been chosen as preferred bidders for the construction of green energy power plant in the United States. According to related industry sources' reports on Apr. 18th, a U.S. gree...
2010-04-19 09:45:04
OOCL takes ‘LONDON’ [Shipping]
On April 13th 2010, Orient Overseas Container Line (OOCL) took delivery of MV LONGDON from Samsung Heavy Industries (SHI). OOCL and SHI have signed series orders from November 2000. MV LONGDON is the fifteenth ship in this series. The ship will...
2010-04-19 09:27:20
CSBC calls for gov't financial aids [General]
Tan Taiping, General Manager of China Shipbuilding Corporation (CSBC), recently urged that government should offer financial platform for shipowner, promoting growth of shipbuilding industry. Tan pointed out that financial tsunami had ever stormed...
2010-04-19 09:26:44
Taizhou says bye to windfall profit [Shipbuilding]
With ice melting of global shipping market occurring, the shipbuilding industry in Taizhou China begins warming up. But local shipbuilders are still cautious about future. The windfall profit era has gone while the innovation is the only way out. ...
2010-04-19 09:25:40
Shell eyes 2nd F-LNG [Offshore]
Energy major Shell has kicked off talks with Samsung Heavy Industries and French contractor Technip on a second floating LNG (FLNG) production unit. The huge floating production storage and offloading unit (FPSO) would be utilised to develop the ...
2010-04-19 08:00:48
Samsung close to winning aframaxes [Shipbuilding]
Greek shipowner Kyklades Maritime is in the midst of negotiating a number of tanker-newbuilding contracts in South Korea. The owner confirms it is in talks that it expects to conclude during the coming week. Kyklades was prompted to reveal it...
2010-04-19 07:58:41
Sungdong-TMT sign kamsarmax duo [Shipbuilding]
A 'secretive' Taiwanese player is back to booking after a two-year break. Taiwan’s Today Makes Tomorrow (TMT) is back in the newbuilding market after an absence of two years. The privately-owned company, which has stayed away from ordering new ...
2010-04-19 07:50:55
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