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Shipbuilding
Aker Phil wins aframax duo
SeaRiver Maritime, Inc., Houston, Tex., an affiliate of ExxonMobil, has signed a letter of intent (LOI) with Aker Philadelphia Shipyard, Philadelphia, Pa., to build two U.S. flag, 115,000 dwt Aframax size crude oil tankers. The LOI is expected to...
2011-07-26 06:35:08
Big 3 patents double
South Korean shipbuilding Big 3's patent applications in H1, 2011 doubled on the same period from 2010. According to data by the Korean Intellectual Property Office, Big 3's patent applications totaled 1,547 during Jan - June, 2011, doubled the sa...
2011-07-25 16:14:48
Boxship order being delayed
Boxship newbuilding projects are being placed on ice as freight rates on key routes weaken by the day and banks stay away from the market. After a strong first half, 2011 looked to be on course for a near record year in terms of the amount of mone...
2011-07-25 07:46:51
Shipbuilding Boom in Africa
South Korean shipbuilders spur in entering African market, which is one of emerging countries with abundant natural resources. Hyundai Heavy Industries is planning to construct offshore-plant factories in Nigeria and Daewoo Shipbuilding & Marine E...
2011-07-25 07:00:10
Hyundai doubles orders
South Korea's Hyundai Heavy Industries announced that new order for shipbuilding in H1 has increased over twice as much as the same period last year, to $8.52bn. Hyundai won $1.26bn orders of four containerships, one oil-tanker, two LNG carriers, ...
2011-07-25 06:53:42
Hyundai Samho scores 6,700TEU's
South Korea's Hyundai Samho Heavy Industries keeps winning new order of large containerships from Greece's shipowners. Reports from overseas have told that Hyundai Samho recently inked additional two ships of 6,700 TEU from Greece shipowner, Thena...
2011-07-22 11:08:59
Daewoo, Low Margin from Q2
South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) is expected to have profits dropped in Q2 and Q3, regardless of its positive new order trend in H2 2011. LIG Investment & Securities prospected low-margin ship ratio, penned from 2009, ...
2011-07-22 10:29:23
Samsung worries profitability
South Korea's LIG Investment & Securities analyzed, "Samsung Heavy Industries would have decreased upward-elasticity by profitability drops until H2, 2012. Samsung is prospected to decrease profits as low-margin ship construction increases and thick ...
2011-07-22 09:43:46
Hyundai Samho pens 5,000TEU's
Hyundai Samho Heavy Industries in South Korea is said to have won an order for up to four 5,000-teu containerships from Greek tanker and bulker owner Thenamaris. They will be powered by special slow-steaming engines contracted from MAN Diesel & T...
2011-07-22 07:55:32
Hyundai Mipo inks bitumen carriers
Hyundai Mipo Dockyard has reportedly won an order for two large bitumen carriers. According to overseas media report, Gear Bulk Holding of which stake is owned by Japan's Mitsui OSK Lines has ordered two 19,000-dwt bitumen carriers at the South Ko...
2011-07-22 07:12:04
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