Daewoo's Academy starts off [General]
Daewoo Shipbuilding & Marine Engineering held an entrance ceremony on 5 January for its high-school graduate staffs. Recruiting high school graduates is to secure outstanding workforce in advance, bringing them up as professionals. Daewoo's in...
2012-01-05 15:11:10
CSIC unexpected record [General]
In times of depressed market, China Shipbuilding Industry Co. (CSIC) made a relatively good record in 2011. CSIC's operating profit and profit for last year increased by over 14% and 10% each, on 2010. Newbuilding delivery also rose by 17% to 11m ...
2012-01-05 12:44:38
Q4 earnings down [Finance]
South Korean shipbuilders are likely to have poor earnings record in the fourth quarter 2011. Analyst Lee Bong-Jin of KTB Investment Securities said on 4 January, "Earnings of Korean yards would keep slowing down in Q4 last year, as low-margin new...
2012-01-05 12:27:30
Hyundai develops 'LNG-FPSO' [Offshore]
Hyundai Heavy Industries develops its own LNG-FPSO model for the first time in Korea and put spurs to attract high-value LNG offshore plant market. Hyundai announced on 5 January that it received approval in principle (AIP) for its self-developed ...
2012-01-05 11:15:32
Korea plant order record-high [Offshore]
South Korea's new order for overseas plant in 2011 set a new record. Now Korea made another growth in new order for eight years in a row. Ministry of Knowledge Economy (MKE) and Korea Plant Industries Association announced on 4 January that Korean...
2012-01-05 10:46:18
Daewoo "Limited growth" [Finance]
Hanhwa Securities maintained its 'Market perform' opinion and target share price of KRW 31,000 ($26.78) for Daewoo Shipbuilding & Marine Engineering of South Korea. Analyst Jung Dong-Ik, Hanhwa said, "Daewoo targeted new order of $11bn for 2012, s...
2012-01-05 10:20:04
India new ship repair facility [General]
Cochin Port Trust has received seven expressions of interest, one of the interested entities being Cochin Shipyard Limited, for setting up a ship repair facility on Willingdon Island. Sultan Marine International, Bahrain, is another company that h...
2012-01-05 08:13:52
Chem tanker prices to fall [Shipbuilding]
Chemical tanker newbuilding prices would remain depressed despite expectations for improved earnings, DVB says. Strain will also be seen in secondhand ship values regardless of anticipated improvements in demand and an easing of supply following ...
2012-01-05 08:05:42
BIMCO tips challenging 2012 [General]
BIMCO has published its Reflections 2012, which examines critical issues facing the shipping industry now and in the coming year. This concise but thought-provoking annual analysis of the world in which shipping operates considers the challenges faci...
2012-01-05 08:02:05
BCs make weak start [Shipping]
As was widely expected the first days of the new year are characterized by significantly low chartering across the board of the dry bulk market, pushing the industry’s benchmark, the BDI to new lows. As a result, the BDI took a nosedive yesterda...
2012-01-05 07:59:37
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