Carnival to expand fleet [Shipping]
Carnival Corp says it sticks to a plan to expand its fleet of cruiseships and return cash to shareholders despite a decline in earnings. In a conference call tied to financial performance, the US and UK-listed owner reiterated its commitment to w...
2011-12-21 07:43:49
Daewoo exports 1st submarines [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering signed three submarines on Dec. 20th with Indonesian Navy, exporting newbuild submarines for the first time as South Korean shipbuilder. The KRW 1.3trn (about $1.1bn) deal includes building three 1,400-ton ...
2011-12-21 07:37:37
Builders eye FX rates [Finance]
Death of Kim Jong-Il, a North Korean leader, is likely to put the market in a muddle, which already suffering from economic uncertainty. South Korean conglomerates pay close attention to the market if the sudden death would affect foregin exchange...
2011-12-21 07:05:14
2011: High value-centered [Shipbuilding]
Global new orders this year have sharply decreased as low as in 2009, when shipyards suffered severe orders drought right after global financial crisis. However, while new order for commercial ship plummeted, new order in terms of value is twice ...
2011-12-21 06:59:28
Chengxi delivers over-1m dwt [Shipbuilding]
China's CSSC Chengxi Shipyard has delivered 18 vessels, 1,007,000 deadweight in the first 11 months. CSSC Chengxi was to complete 19 newbuildings in 2011 while 18 vessels have been delivered year-to-date and additional three vessels are planned t...
2011-12-20 12:32:31
Dalian high-tech offshore cluster [General]
As offshore facility and high-end shipbuilding technology being selected as one of Dalian, China's 10 strategic emerging projects, Dalian now actively conducts R&D on jack-up rig, semi-submersible drilling platform, etc. Also, it pushes forward to...
2011-12-20 12:15:10
Daewoo builds SMART yard [Equipment]
Daewoo Shipbuilding & Marine Engineering of South Korea is to be developed as a SMART yard, by building LTE (Long Term Evolution) network. The Geojae-based yard and SK Telecom have a signing ceremony for LTE network on 20 November. Now Daewoo i...
2011-12-20 11:37:23
Daewoo union urges separate disposal [Finance]
Daewoo Shipbuilding & Marine Engineering's labor union insist that Daewoo should conduct a separate sell-off. Daewoo's union held a press conference on 19 December and asserted, "Corporate shares should be separately disposed to achieve distribute...
2011-12-20 11:05:59
Japan's Nov performance [General]
According to Japan Ship Exporter’s Association (JSEA), its newbuilding export ship ordered in November stands at 17 vessels of 770,000 gt, up by 39% on the same month last year and cumulative new order this year is expected to be 8m gt. New orders ...
2011-12-20 10:18:24
MOL scraps VLCC's [Shipping]
Mitsui OSK Lines has scrapped three VLCCs (built 1996-97) in the past couple of weeks as the first owner to bite the bullet and demolish purpose-built double-hulled VLs. In a note to clients Dahlman Rose analyst Omar Nokta says the development is...
2011-12-20 07:50:21
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