Kawasaki eyes boxship order [Shipbuilding]
Japan’s Kawasaki Heavy Industries (KHI) plans to return to containership building after a ten year absence with a new design. KHI believes it can overcome the domination of the sector by the South Korean rivals. The yard told financial daily...
2011-10-06 07:32:12
Vinashin wins 20-ship order [Shipbuilding]
Vietnam's state-owned shipbuilding group Vinashin clinched a deal to build 20 ships for national owner Vinalines The two companies have signed a contract to boost Vinalines’ fleet, state media reported, without giving financial details of the d...
2011-10-06 07:26:10
Evergreen reacts to changes [Shipping]
Evergreen will add new capacity when it replaces its northern China to Indonesia trade route with two feeder loops. The shipowner's existing Hua Bei-Hong Kong-Indonesia route will become two strings: a Hua Bei to Hong Kong (HBH) service, and a Ta...
2011-10-06 07:22:54
Awilco fixes semi-sub [General]
Awilco Drilling is to deploy its WilHunter semi-submersible rig on the Rochelle development of British energy company Endeavour Energy. The contract with Endeavour should run for about 150 days. Work is expected to start in the first quarter ...
2011-10-06 07:20:15
Korea dwarfs China [Offshore]
South Korean shipbuilders won the least orders last month but their accumulated order intake overwhelms their major rivals in China. According to Clarksons, Korean yards won 10-ship orders, 390,000 cgt worth $892m in September. The figure is wa...
2011-10-06 07:15:31
Samsung Offshore Forte [Offshore]
South Korea's Samsung Heavy Industries is forecast to fall short of newbuilding order estimation next year, however, its flat share price seems to already include Samsung's worst scenario in the near future by global recession. Citi Global Market ...
2011-10-06 06:46:07
'Marine Week' around the corner [Shipbuilding]
The International Shipbuilding & Marine Equipment Show 2011 (Marine Week 2011) is held at Bexco, Busan in South Korea during October 26-29. Marine Week is made up of three exhibitions, KORMARINE, NAVAL & DEFENCE and SEA-PORT. This year would be...
2011-10-06 06:40:39
KSS to order LPG/Ammonia carrier [Shipping]
KSS Line of South Korea announced on October 5 that it plans to place a newbuilding order for one LPG/Ammonia carrier, valued at KRW 59bn ($49.5m). The 35,000-cbm carrier is to be long-term contracted with Mitsui & Co of Japan, with delivery in Ma...
2011-10-05 12:26:35
Big3 massive drops [Shipbuilding]
South Korea's Big3, Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering, had a big drop in newbuilding order during July-September this year. Market player said on October 5 that overall newbuilding ord...
2011-10-05 11:32:49
China restructuring at hand [General]
Chinese shipbuilding industry is forecast to face large-scale restructuring, as small-and-medium shipbuilders call bankruptcy and are consolidated to major yards. Rapid decrease in newbuilding order by troubled shipping market, raising cost of la...
2011-10-05 10:55:48
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