Vinashin delivers newbuilds [Shipbuilding]
Pha Rung Shipyard, under the Viet Nam Shipbuilding Industry (Vinashin), handed over a 34,000-tonne cargo ship and a 13,000-tonne oil-chemical tanker to their owners in the northern port city of Hai Phong. The cargo ship, named Inlaco Express, whic...
2011-12-30 07:48:55
Laiwu develops 6mm ship plate [Equipment]
Laiwu Steel of Shandong Steel Group succeeds in developing 6mm×2600mm ultra thin shipbuilding steel plate recently. Its product properties, plate cut and quality turn all meeting requirements after test. The production requires highly on techniq...
2011-12-30 07:45:04
S&P market "Active" [Shipping]
Owners still busy in the secondhand S&P market, in a quest to find attractive deals before the year-end. With ship financing getting scarcer, shipowners are actively looking to offload vessels and improve their balance sheets, while others with su...
2011-12-30 07:41:34
Adani drops fleet plans [Shipping]
India's Adani Enterprises has dropped plans to expand its own fleet of ships for domestic coal transportation. The company told The Hindu newspaper that it no longer intends to build the handymax and panamax ships to meet its domestic transportat...
2011-12-30 07:34:35
Cruiseship newbuild vandalism [General]
Vandalism on the nearly-complete cruiseship newbuilding Disney Fantasy looks like an inside job. Criminal investigations are under way after vandals destroyed furniture, floor coverings and other furnishings by flooding some 40 cabins with water ...
2011-12-30 07:32:11
Hyundai 2012 orders [Offshore]
Hyundai Heavy Industries is expected to continue its smooth sailing in 2012, by winning new order mainly for offshore production facilities, drillships and LNG carriers. Analyst Jun Jae-Chun from Daishin Securities forecast that new-order placemen...
2011-12-30 07:27:26
"2011 Top 10 Issues" [Shipbuilding]
■ Big 3 inked $50bn, “Order Boom Alone" South Korea's Big three, Hyundai Heavy Industries, Samsung HI and Daewoo Shipbuilding & Marine Engineering, recorded outstanding new order results totalling about overall $50bn in 2011. However, gap betw...
2011-12-30 07:21:51
Doosan Engine product diversified [Equipment]
South Korea's leading engine-maker Doosan Engine is expected to push for offshore-plant and LNG carrier sectors. Analyst Sung Gi-Jong from Daewoo Securities said on 29 December, "World new order for LNG carrier in 2012 is to be placed around 50 vesse...
2011-12-29 16:14:30
Jiangsu's November record [General]
According to Chinese government's statistical data, Jiangsu's newbuilding delivery increased, while new order and orderbook declined in the first 11 months. Delivery in Jiangsu, during January-November period, rose to 482 vessels of 22.21m dwt, u...
2011-12-29 11:13:40
Hanjin starts over new order [Finance]
Hanjin Heavy Industries & Construction of South Korea is known to make its preparations for normalization in 2013 with improvement of financial structure and new order. Analyst Sim Won-Sub from IBK Investment & Securities said on 28 December, "H...
2011-12-29 10:43:13
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