Brodotrogir wins state cash [Finance]
Croatia approves state aid of HRK 2.8bn ($509m) for the Brodotrogir shipyard. The cash will go towards restructuring the yard, competition agency AZTN said. It is intended for a period up to the end of 2016. The restructuring programme wa...
2011-10-04 06:47:11
Japan sales downturn [Shipbuilding]
Japanese shipbuilding industry is revealed to have made a downturn in revenue last year for the first time in eight years. According to recent statistical data from Shipbuilding Association of Japan, overall revenue from 19 member yards in 2010 wa...
2011-10-04 06:24:52
Big3 orders fast-sailing [Shipbuilding]
South Korea's Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering have secured $17.1bn, $14.8bn and $10bn each of newbuilding order for shipbuilding & offshore plant division year to date. Hyundai and Hyund...
2011-10-04 06:21:04
Hyundai tied up in Q3 [Finance]
Hyundai Heavy Industries of South Korea is forecast to increase in turnover and lower in operating profit during Q3. Its slower business performance suggests buying opinion. Analyst Uhm Kyung-Ah from Shinyoung Securities predicted, "During Q3, Hyu...
2011-09-30 15:21:02
Sungdong delivers BC trio [Shipping]
Sungdong Shipbuilding & Marine Engineering of South Korea announced that it recently delivered three bulkers. Bulkers include the first of four newbuilding 82,000 dwt bulkers, placed from Nisshin Shipping of Japan in February 2010, the last of 12 ...
2011-09-30 14:32:45
LNG-FPSO Pie Grows Fast [Offshore]
Fledgling LNG-FPSO market is set to expand rapidly in the next seven years. Bullish predictions for LNG-FPSO, which at present has only one sanctioned project led by Royal Dutch Shell, are underpinned by projections of a surge in expenditure in t...
2011-09-30 11:55:00
Onomichi booked by 2015 [Shipbuilding]
Onomichi Dockyard of Japan secures newbuilding dock slot schedule for the farthest future among Japanese shipbuilders of four years by Fall 2015. Affiliated Saiki Heavy Industries also covering newbuilding schedule by Spring 2015, Onomichi booked ...
2011-09-30 10:57:22
China private yards rise [General]
A total of four shipbuilders, two state-owned and two private ones, are included in China's Top 500 Companies. Private shipyards are raising their name, for instance, Yangzijiang Shipbuilding ranked higher than state-owned Shanghai Waigaoqiao Ship...
2011-09-30 10:23:34
LNG-FPSO by-products 'valuable' [Finance]
The fledgling LNG-FPSO sector will earn more money from the by-products of natural gas processing and liquefaction, than from the LNG itself, an audience of FLNG industry participants heard yesterday. The surprise implication is that the fledgling...
2011-09-30 08:29:11
Canada $35bn order "soon" [General]
A decision could be made soon on which Canadian shipyards will win government newbuild contracts worth $35bn. Associate defence minister Julian Fantino told CBC News that the process of choosing the winning bids is in its final stages and the outc...
2011-09-30 08:21:38
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