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IHI profit plunges
[General]
Japanese shipbuilding group IHI posts a big drop in first-half profit. The company said it made JPY 5.02bn ($64.26m) on a net basis to 30 September, compared to JPY 13.49bn in the same period of 2010. Revenue also dropped to JPY 525.9bn again...
2011-11-01 07:48:55
Mitsui H1 profit down
[Finance]
Japan's Mitsui Engineering & Shipbuilding reports a fall in income for the first half of the year. It stated that net income was down from JPY 11.5bn in the first half of 2010 to 7.2bn ($92.3m) for this year. With a healthy orderbook the comp...
2011-11-01 07:46:16
STX OSV lands PSV's
[Offshore]
STX OSV Holdings Limited ("STX OSV"), one of the major global designers and shipbuilders of offshore and specialized vessels, announced that it has secured new contracts for the construction of four Platform Supply Vessels (PSV) for Island Offshore. ...
2011-11-01 07:43:02
Glovis books PCC pair
[Shipbuilding]
South Korean car carrier player Hyundai Glovis has decided to order newbuildings worth $134m. The company wants two new pure car carriers, it said in a regulatory filing on Monday, without giving further details. It intends to order 6,500-ceu...
2011-11-01 07:40:52
Wartsila wins deal for Ro-Ro's
[Equipment]
The environmental sustainability and reduced operating costs of Wärtsilä's integrated propulsion solution were major factors in the winning of the orders. Wärtsilä, the marine industry's leading solutions provider, has been awa...
2011-11-01 07:35:34
China profit rate slowdown
[Finance]
Chinese ship-related companies over a certain size made an increase in operating profit during January-August period to CNY 438.3bn ($68.8bn), up by 27.1% on the same period last year, among which shipbuilding sector jumped by 29.2% to CNY 334.8bn, m...
2011-11-01 07:11:49
Ax for China
[Shipbuilding]
Shipbuilding industry facing decreasing orderbook for the past three and half years, yards are under pressure of restructuring. South Korea's LIG Investment & Securities said on 31 October, "Overall backlog decreased to 130m cgt in October, the lo...
2011-11-01 07:07:21
Hanjin reviews rotating leave
[General]
Hanjin Heavy Industries & Construction of South Korea, going through a hard time of new-order draught and labor-management standoff, is under investigation into execution of a rotating temporary retirement. Hanjin said, "Taking time-off in turns i...
2011-10-31 16:40:55
'Marine Week 2011' highest record ever
[Equipment]
'The 6th Marine Week 2011,' ended on 29 October, is revealed to make the highest record ever. Busan city said that a total of 1,280 companies with overall 1,826 booths from 45 countries participated the exhibition, about 73,000 of buyers and visi...
2011-10-31 14:25:51
Hyundai expects recovery in Q4
[Finance]
Hyundai Heavy Industries of South Korea is forecast to make recovery in the fourth quarter. In Q3, turnover increased to KRW 5.9059trn ($5.328bn) by 11.3%, while operating profit dropped by 36% to KRW 537.7bn on the same period last year. Analy...
2011-10-31 11:33:20
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