Shipbuilding
Chinese yards mired in silence
With New Year beginning, Chinese shipbuilding industry faces new round severe competition. In the third quarter of 2009, new orders were slightly surging due to price slumping and shipowners’ bottom fishing. In January 2010, Korean shipbuilders ...
2010-02-25 01:33:58
L&T expands shipbuilding
Over the next four-five years, L&T is targeting a revenue of Rs2,500 crore ($543m) from defence, nuclear and avionic segment India’s construction major Larsen & Toubro on Tuesday said it will invest $400 million in ramping up its shipbuilding ca...
2010-02-24 12:11:59
Korea continues winning rally
Daewoo Shipbuilding and Marine Engineering (DSME), the world's second-largest shipbuilder, and Sungdong Shipbuilding and Marine Engineering (SSME) have taken up over 50 percent of orders of the market since November 2009. Domestic ship builders are b...
2010-02-24 09:29:44
Nantong yards deliver 40% more
Shipyards in Nantong, one of China’s largest shipbuilding hubs, saw a 40% increase in the number of newbuilding deliveries in January, after the city’s yards handed over 13 vessels totaling 670,000 dwt, according to the Nantong Maritime Safety Ad...
2010-02-24 08:20:53
HMD busy & profitable until 2012
Hyundai Mipo Dockyard (HMD) of Korea is expected to make the most stable profit by solely securing works by the end of 2012 among listed Korean shipbuilders. Jeon Jae-cheon analyst of Seoul-based Daishin Securities said, "HMD is the only domestic ...
2010-02-24 07:22:45
Chicken game looming
Korean shipbuilders who are suffering from a severe order drought are trying hard to find the ways to get over the difficulties by restructuring themselves and relocating their workforce. But their efforts are viewed as short-term measures. If th...
2010-02-24 07:14:10
NACKS delivered its 5th VLOC
Nantong COSCO KHI Ship Engineering (NACKS) recently delivered its fifth 300,000-dwt very large ore carrier (VLOC) to compatriot COSCO (Hongkong) Group. It is the fifth one in the series ordered by COSCO (Hongkong) Group from the end of 2008. Wh...
2010-02-23 12:30:48
Sungdong inks 3 more 82K BC
Korean shipbuilder Sungdong Shipbuilding & Marine Engineering announced in the morning today that it is set to ink a newbuilding contract later on the day with a European shipowner to build three kamsarmax bulkers including one option. The news co...
2010-02-23 11:46:43
Japan resumes sales activity
Japan's leading shipbuilding executive has said it should be time for the country's yards to think about winning orders again following more than a year with little fresh business. Japan Shipbuilding Association (JSA) chairman Takao Motoyama's com...
2010-02-23 08:39:29
Imabari signs handy pair
Wisdom Marine Lines's appetite for newbuildings continues unabated. The Taiwanese company, which has around 20 newbuildings already under construction, has returned to Japan for more ships. A company official says Wisdom has booked two 28,000-dwt ...
2010-02-23 08:36:54
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