Shipbuilding & Steel into troubles [General]
Ministry of Knowledge Economy and Korea Institute for Industrial Economics & Trade have recently asked 601 companies in South Korea about market forecasts for each industry in Q1 2012. Shipbuilding and steel market, which have floundered this year...
2011-12-29 10:01:51
Hyundai Samho revenue "Largest" [Shipbuilding]
Hyundai Samho Heavy Industries announced Wednesday that it has achieved the all-time high revenue of KRW 4.8trn ($4.15bn) for 2011. The South Korean shipbuilder delivered 49 vessels. Also the Hyundai Heavy Industries-affiliated yard won new ord...
2011-12-29 08:26:58
Japanese to hike plate export price [Equipment]
About negotiations on shipbuilding quality of steel plates for Korea, the Japanese mills move to raise their prices for shipment of January to March 2012 quarter, TEX reported. JFE Steel offered on December 19th 2011 the markup of USD 30 per tonne...
2011-12-29 08:20:07
Deliveries flood the market [Shipbuilding]
This year has seen newbuilding deliveries peak and keep "flooding" the market. In its latest weekly report, shipbroker Intermodal said that in the dry bulk sector "we witnessed a formidable fleet growth level this year as the excess in new orders...
2011-12-29 08:15:46
Russia boosts shipbuilding [General]
Modernization of Russian shipbuilding industry will be realized in partnership with Korean and Singaporean companies. The leader of Russian shipbuilding industry – United Shipbuilding Corporation (USC) launches its ambitious program that mi...
2011-12-29 08:05:03
MES & Toda produce LFP for LIB [Equipment]
Mitsui Engineering　&　Shipbuilding Co., Ltd. ("MES" , Mr. Yasuhiko Katoh, president) and Toda Kogyo Corp. ("Toda", Dr. Toshiyuki Toda, president) ,have concluded to jointly build a facility at Chiba Works of MES in Ichihara City, Chiba Prefecture ...
2011-12-29 07:57:29
Lamprell wins jack-up [Offshore]
Middle East rig builder Lamprell has been awarded an order from Mexican player Pemsa for construction of an unfinished jack-up rig. The Friede & Goldman-designed Super M2 unit, named Hull 108, was under construction by Maritime Industrial Service...
2011-12-29 07:54:01
Korea increase steel output [Equipment]
South Korea increased steel output with November’s output up 12.4% year-on-year to 5.8mt, according to the World Steel Association (WSA). China, the world’s largest steel producer, saw volumes largely unchanged from a year ago at 49.9mt. ...
2011-12-29 07:46:41
SITC gives up options [Shipping]
SITC International Holdings Co has allowed feeder ship newbuilding options to lapse. The options for 1,100-teu ships were attached to orders at China’s Yangfan Group. In November last year SITC placed firm orders for four 1,100-teu ships pl...
2011-12-29 07:40:54
MOL orders High-efficiency Cape [Shipbuilding]
Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) announced that it has ordered a new cape-size bulker that will adopt element technologies of the next-generation ISHIN-III vessel program to achieve high fuel efficiency. Universal Shipbuilding ...
2011-12-29 07:37:50
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