Samkang Q3 earnings up [Equipment]
Samkang M&T of South Korea made a public announcement about its third quarter earnings results. Turnover increased by 27.4% to KRW 47.5bn ($42.62m), operating profit hiked by 524.7% to KRW 4.36bn from KRW 700m on the same period last year. Also, ...
2011-10-31 10:37:26
STX to join NSPS [General]
STX Offshore & Shipbuilding of South Korea is decided to participate Canadian government's National Shipbuilding Procurement Strategy (NSPS), valued at KRW 36trn (CAD 33bn). STX O&S' subsidiary STX Canada Marine is scheduled to finalise NSPS with ...
2011-10-31 10:02:46
Hoegh extends Hyundai FSRU options [Offshore]
Norway’s Hoegh LNG has pushed back the expiry dates for two optional floating LNG storage and regasification units (LNG-FSRUs) at Hyundai Heavy Industries. A Hoegh spokesman says the expiry dates on the FSRUs have been extended to mid-December ...
2011-10-31 07:31:50
GSI pens 39K PC [General]
China's Guangzhou Shipyard International has won an additional order for 39,000-dwt PC. Rederi AB Gotland of Sweden is looking to strengthen its focus on medium-range (MR) tankers. The company says it has declared an option for a second 39,000...
2011-10-31 07:26:57
USC to win 4 icebreakers [Shipping]
The Russian Ministry of Transport is ordering four new icebreakers worth a total of 79 billion RUB (1.8 billion EUR). A contract on the construction of the vessels will be signed in November this year, Deputy Minister Viktor Olersky told Itar-Tass...
2011-10-31 07:22:11
ABS expands presence in Korea [General]
Leading classification society ABS is further strengthening its ties to the Korean maritime industry by establishing the ABS Korea Energy Technology Center (KETC) in Busan in early 2012. This is ABS' first energy center and will focus on applied ...
2011-10-31 07:19:24
MHI wins 1st "Sayaendo" LNG carrier [Shipbuilding]
Mitsubishi Heavy Industries, Ltd. (MHI), has agreed with Osaka Gas International Transport Inc. (OGIT), a group company of Osaka Gas Co., Ltd., and Mitsui O.S.K. Lines, Ltd to build two new-generation liquefied natural gas (LNG) carriers. The eve...
2011-10-31 07:16:45
Cosco new orders dry up [Finance]
Kim Eng Securities cut its 2012 outlook on Cosco Corp by 20% as orders for new vessels have started to dry up. The Singapore-listed shipbuilder has been busy with new deliveries of late, handing over seven bulk carriers and two shuttle tanker new...
2011-10-31 07:13:38
Sanoyas forecast less [Finance]
Japanese shipbuilder Sanoyas Holdings Corp has cut its profit expectation in the year to 31 March, 2012. The company said it should post net earnings of JPY 2.45bn ($32.29m), instead of the JPY 3bn it was predicting previously. This would sti...
2011-10-31 07:09:56
MOL awarded Osaka LNG deal [Shipping]
Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) announced on 28 October that MOL and Osaka Gas International Transport Inc. (OGIT; President: Yuichi Funahashi), subsidiary of Osaka Gas Co., Ltd. (President: Hiroshi Ozaki), have agreed on a pl...
2011-10-31 07:07:31
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