Newbuilding price keeps falling [Shipbuilding]
Clarkson Newbuilding Price Index has dropped for two months in a row to 140.8p by the end of August, down by 0.7p on previous month. Bulker and tanker's benchmark newbuilding prices decreased in every size, comparing to the end of last year. But L...
2011-09-23 06:48:58
Japan urges steel price down [Equipment]
Chairman Kazuaki Kama from the Shipbuilders' Association of Japan (SAJ) said during a meeting on September 20th, "Japanese steels' higher price results in a fall of our competitiveness in shipbuilding. Unless steel price is readjusted, we cannot help...
2011-09-22 15:15:57
KOMEC e-market place [Equipment]
Global Service Center of Korea Marine Equipment (KOMEC) completed building a 'marine export-supporting system (www.shipsol.com),' to boost exporting competitiveness and globalization for local marine equipment makers. Recently built marine equipment ...
2011-09-22 14:33:17
East Sea exploration project [General]
South Korea's STX Energy and Daewoo International signed a mining contract for Korea continental shelf 6-1 mining area with Ministry of Knowledge Economy and Korea National Oil Company (KNOC) on September 22nd. South of 6-1 mining area is held by ...
2011-09-22 12:21:28
Big3 Target Met [Shipbuilding]
South Korea's Big3 are all likely to achieve newbuilding order target early this year. Samsung Heavy Industries already jumped over its target and Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering are expected to reach by aroun...
2011-09-22 11:16:33
Hyundai inks 10th drillship [Offshore]
Hyundai Heavy Industries of South Korea scored another drillship, winning the most drillship orders worldwide for 10 ships worth $5.5bn. Hyundai revealed on Sept. 22nd that it signed a newbuilding contract for one drillship from Noble Drilling, a...
2011-09-22 10:34:42
Philippines to import LNG [Offshore]
The Philippines plans to begin importing liquefied natural gas (LNG) in the next four to five years. The country is in talks with US, Canadian and Australian suppliers, energy under-secretary Jose Layug said. “In four to five years, hopefully...
2011-09-22 08:10:38
Tsuneishi delivers 2nd biggest [General]
Tsuneishi Heavy Industries (Cebu) Inc. on (THICI) Tuesday delivered m/v Cape Sampagita, the second largest ship the company built next to m/v Tenshu Maru, a 180,000-deadweight ton (DWT) bulk carrier delivered last year. The m/v Cape Sampagita, whi...
2011-09-22 08:07:39
STX inks LNG carrier [Offshore]
STX Offshore & Shipbuilding signed a contract to build an LNG carrier on September 15th. The recent LNG carrier order is a result of a modification of a deal for two bulkers penned in July 2008 for around $210m, as per the request from the owner. ...
2011-09-22 08:00:22
Seaspan eyes VLCC [Shipping]
Seaspan’s Gerry Wang argues that the very large crude carrier sector is in need of a new generation of energy efficient tankers to replace the fuel-hungry ships now in service. Seaspan and joint venture partner Carlyle have access to capital and...
2011-09-22 07:52:40
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