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Shipbuilding
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Chinese eye cruiseships
[Shipbuilding]
China's Wenzhou Sino-European Shipbuilding (SES) is in a newbuilding talk for four cruiseships through Italian company. Vice president, Shao Yong Chang from SES said they are under a business talk for newbuildings, including four cruiseships value...
2011-09-27 06:40:57
Greece bankruptcy better off?
[Finance]
In concern that Greek debt crisis would expand into overall European financial crisis, Korean shipbuilding share is now plummeting, as shipbuilding financing would inevitably shrink when European banks decide to help Greece's restoration. South Ko...
2011-09-27 06:36:36
Hanjin eyes LNG carrier
[Shipbuilding]
Hanjin Heavy Industries & Construction of South Korea is expected to ink high-value newbuildings for medium-size boxship and LNG carrier. Analyst Lee Seok-Jae from Mirae Asset Securities said, "Despite its aftermath of strikes and troubles in making...
2011-09-26 15:40:07
ZPMC pens one offshore crane
[Offshore]
Shanghai Zhenhua Heavy Industries (ZPMC) of China won newbuilding order for one 2,000-dwt floating crane from England's ITLevelLimited. Newbuilding totals $100m and is delivered by June 2013. Operating profit of ZPMC in the first half of 2011 a...
2011-09-26 14:40:16
Scrap sale sees record-high
[General]
Shipping companies around the world set out to sale for demolition of their aging vessels, hitting hard by external circumstances of market's long-term worsening and oil-price increase. Clarksons and other sources said on September 23rd that world...
2011-09-26 10:55:41
Q3 profit slightly down
[Finance]
Even with seasonal decrease in demand, shipbuilding industry's operating margin during July-September period forecasts slow drop, in comparison with those from Q1 and Q2. Mirae Asset Securities of South Korea said, "Positive momentum with improve...
2011-09-26 10:05:22
Wartsila gas engine meets Tier III
[Equipment]
On-going tests show that the Wärtsilä two-stroke gas engine performance is in compliance with the upcoming IMO Tier III NOx emission limits, setting a new benchmark for low-speed engines running on gas. Wärtsilä has successfull...
2011-09-26 07:31:13
Meyer cuts steel for 140,000GT cruise
[Shipbuilding]
Meyer Werft, Papenburg, Germany has cut the first steel for the construction of Norwegian Breakaway, the first of two new Freestyle Cruising(R) ships for Norwegian Cruise Line, set for delivery from the shipbuilder in April 2013. The first plate ...
2011-09-26 07:27:40
Korean heavy plate weak
[Equipment]
It is reported that South Korea's heavy plate market has become weak since June 2011. Industry sources analyzed that the high inventory in South Korean shipbuilding companies and low priced imports from China were the two major reasons to depress ...
2011-09-26 07:23:28
SITC adjusts 1,100TEU options
[Shipbuilding]
SITC International has exercised options to build two containerships and extended the option exercise dates for six additional vessels out of eight vessels. The options for a total of ten containerships are based on a contract inked with Yangfan ...
2011-09-26 07:21:16
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