STX France inks cruiseships [Shipbuilding]
STX France wins an order for up to three passengership newbuildings. Viking River Cruises has placed its second newbuilding order in four months. It has booked up to three new vessels at STX France to follow up its recent double swoop at Germa...
2011-12-22 07:35:16
STX Finland inks offshore vessel [Shipping]
On 21 December 2011, STX Finland Oy and the Finnish Border Guard signed an agreement on construction of a next generation offshore patrol vessel. The vessel will be built at the STX Rauma ship­yard and delivered to the customer in November 2013....
2011-12-22 07:31:51
MAN wins order for TCS-PTG [Equipment]
MAN Diesel & Turbo has won a firm order from China-based Samjin Shipbuilding for a pair of Turbo Compound Systems, including a Power Turbine and Generator (TCS-PTG). The TCS-PTGs will be installed on two 4,700 teu container vessels currently being...
2011-12-22 07:29:29
Samsung links ship & offshore [Equipment]
Samsung Heavy Industries of South Korea announced on 21 December that it integrated designing function of its shipbuilding and offshore sectors to deal more effectively with increasing new order for offshore facilities. The Geojae-based yard carri...
2011-12-22 07:08:54
Big3 reap $50bn orders [Shipbuilding]
Although South Korea's Big 3 successfully reached order targets in 2011, market situation would be unfavorable next year due to a decrease in new orders by European shipowners as Eurozone financial crisis is being prolonged. Big three all have al...
2011-12-22 07:05:34
Japan "tough market goes on" [Shipbuilding]
Chairman Kazuaki Kama, the Shipbuilders' Association of Japan (SAJ) said on 20 December, "At the time of my appointment in June, I did not assume strong yen would continue as far as today. And now we need to devise plans on the premise of strong yen....
2011-12-22 07:01:56
Daewoo buys HMM [Finance]
South Korea's Daewoo Shipbuilding & Marine Engineering acquired Hyundai Merchant Marine (HMM)'s shares. According to investment bank on 20 December, Daewoo bought 1.5m shares (1.04%) of HMM totalling KRW 35.5bn ($30.7m), during after-hours tradin...
2011-12-21 12:51:41
Samsung to grow with OFDs [Finance]
Hi Investment & Securities maintained its buying opinion and target share price of 39,000 ($33.74) for Samsung Heavy Industries of South Korea on 21 December. Analyst Huh Sung-Duk from Hi said, "Samsung now operates three dry docks and four floati...
2011-12-21 12:19:35
Hyundai's world-best VLOO [Equipment]
South Korea's Hyundai Heavy Industries announced on 21 December that its three products including very large ore oil carrier (VLOO), etc, were selected as world-best from Ministry of Knowledge Economy (MKE). Accordingly, Hyundai now secures 34 wo...
2011-12-21 11:18:42
Taiwan JV to order VLCC [General]
Taiwan's Global Energy Maritime, a joint venture corporation by state-owned oil company CPC, shipping companies Chinese Maritime Transport (CMT) and U-Ming Marine Transport, has recently started newbuilding consultation for two VLCCs. According to...
2011-12-21 10:45:07
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