Euroseas expands fleet [Shipping]
Euroseas registered $400m worth of securities with exchange authorities in a move for fleet expansion. In a preliminary prospectus filed a day after the Nasdaq-listed bulker and boxship owner’s containership spin-off splashed cash to buy the 2,...
2011-09-28 07:17:00
Hyundai pass $20bn [Shipbuilding]
Hyundai Heavy Industries of South Korea rapidly increased its new order by 57% and turnover by 15% during Jan-Aug period on the same period last year. Hyundai announced that it recorded KRW 1.985trn ($1.68bn) of turnover in August, up by 9.73% com...
2011-09-28 06:51:39
STX delivers 400K VLOC [Shipbuilding]
STX Pan Ocean of South Korea revealed that it has successfully taken delivery of a VLOC, 'VALE BEIJING' on September 27th. The 400,000-dwt ore carrier, built at Jinhae yard of STX Offshore & Shipbuilding, is STX' largest ship, with 361m in length,...
2011-09-27 14:53:59
KOMERI Vision 2015 [General]
Korea Marine Equipment Research Institute (KOMERI) held 2015 vision proclamation ceremony in Yongdo research institute on September 27th. KOMERI's 2015 vision provides ways to lead and correspond to shipbuilding and offshore industry's recent tren...
2011-09-27 12:36:38
DACOS delivers 1st newbuild [General]
Dalian COSCO Shipbuilding Industry (DACOS) of China had a naming and delivery ceremony for its 205,000 dwt bulker, 'Heng Shun,' booked from COSCO Hong Kong. DACOS is a joint venture shipyard of COSCO and Nantong COSCO KHI Ship Engineering (NACKS),...
2011-09-27 11:59:43
Korea shares rebound [Finance]
South Korean shipbuilders' shares, once fell heavily worrying European financial crisis, have rebound. In early trading on September 27th, Hyundai Heavy Industries recovered to KRW 250,000 ($210.5) up by 6%, Daewoo Shipbuilding & Marine Engineerin...
2011-09-27 11:20:34
Reefers orderbook '0' [Shipbuilding]
According to Drewry's recently reported market forecast on reefers, newbuilding orderbook recorded the first zero, 36 ships being sold for scrap during 2008-2010 and 19 for just in the first half of this year. Global reefer fleet is about 691 vessels...
2011-09-27 10:03:45
IHC launch wind jack-up [Offshore]
The IHC Merwede shipyard in Krimpen aan den IJssel, The Netherlands, has launched a self-elevating heavy-lift jack-up vessel for GeoSea NV, the offshore marine construction specialist company within the DEME Group, based in Belgium. Named Neptune,...
2011-09-27 07:55:53
India think 'Mega yard' [Equipment]
The Union Shipping Secretary, Mr K. Mohandas, has said that any proposal for a second shipyard for Kerala should be pursued on a scale and size that befits the true intent of investment and potential thrown up by the location of choice. He was re...
2011-09-27 07:51:00
SCI to order 24 newbuilds [Equipment]
The state-run Shipping Corporation of India on Friday said that it would invest Rs 3,700 crore in the ongoing fiscal to acquire 24 new vessels across categories. "Our capital expenditure for 2011-12 is Rs 3,700 crore and this will be used for acqu...
2011-09-27 07:47:47
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