Samjin arranges 100% RG issuance [Finance]
Samjin Shipbuilding Industries of South Korea announced on 27 December that it successfully arranged RG issuance from domestic top-tier banks for the recent newbuilding contract made on 25 November with Belgium shipping company Bocimar on 23 December...
2011-12-27 14:50:37
Hyundai Samho record-high delivery [Shipbuilding]
South Korea's Hyundai Samho Heavy Industries made a record in delivering a total of 48 vessels of 5.74m dwt so far this year. Starting with a delivery of S385, 317,000-dwt VLCC to Today Makes Tomorrow (TMT) of Taiwan on 6 January, Hyundai Samho su...
2011-12-27 12:44:55
Daewoo urges state aid for "Subsea" [Offshore]
President Nam Sang-Tae of Daewoo Shipbuilding & Marine Engineering said that South Korean shipbuilders need governmental support for subsea facilities sector, in which Korea had not deeply entered yet. Daewoo-built 'Pazflor FPSO' was the world fir...
2011-12-27 12:11:34
Daewoo awarded '2011 Best Ships' [General]
Daewoo Shipbuilding & Marine Engineering-built ten vessels were awarded for Significant Ships of 2011. The South Korean yard announced that a total of ten vessels were selected as the significant ships of the year, including four vessels from UK's...
2011-12-27 11:09:28
Sumitomo delivery up 30% [General]
Sumitomo Heavy Industries of Japan announced on 26 December that newbuilding delivery increased to nine vessels of 510,000 gt year-to-date, up by two vessels in numerical term and 30% in gross tonnage term on 2010. Delivered newbuildings were turn...
2011-12-27 10:31:32
Universal inks five 209K BCs [Shipping]
JFE Steel of Japan is known that it decided to contract long-term charterage for a total of five newbuild capesize bulkers with NYK (two vessels), K Line(two) and MOL(one), as a project to replace old vessels. Japan's big three shipping companies ...
2011-12-27 10:15:09
Japanese struggle to survive [Shipbuilding]
Kazuaki Kama, chairman of the Shipbuilders' Association of Japan said Japanese shipbuilders' new order receipt decreased by 14% YoY to 3.75 million compensated gross ton in January to November 2011 period and he emphasized the severe business conditi...
2011-12-27 08:16:12
Bharati defence plan rejected? [General]
Bharati Shipyard's proposal to foray into the production of defense vessels is believed to have been rejected by the FIPB, the government body for FDI clearance, Steel Guru reports. Sources said that the Foreign Investment Promotion Board has reje...
2011-12-27 08:12:40
Daewoo focus on offshore [Offshore]
Daewoo Shipbuilding & Marine Engineering, the world’s second-largest shipbuilder, expects new orders to drop 23 percent next year as shipping lines struggle with an oversupply of vessels and falling rates. New contracts worth $11 billion may be ...
2011-12-27 08:09:24
Brodosplit starts heavy-lifter [Equipment]
Jumbo Shipping has signed the Shipbuilding Contract for one optional heavy lift vessel with the same characteristics for which is also paid advance. Jumbo Shipping is one of the world's leading shipping company for transportation of heavy or larg...
2011-12-27 08:02:48
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