Daewoo turns 'Total Solution' [Shipbuilding]
South Korean major shipbuilder Daewoo Shipbuilding & Marine Engineering is increasing the tempo to turn into an all-around heavy industries company. It has already inked 42 ships and offshore plants worth $10.04bn year-to-date almost achieving an...
2011-09-21 12:40:55
Hyundai's All-Around R&D Center [General]
Hyundai Heavy Industries of South Korea held an opening ceremony for its 'comprehensive R&D center on Sep 21st. 310s of researchers in this R&D center would focus on high-end technology regarding high-value ship, onshore/offshore facilities, marin...
2011-09-21 11:27:23
DSEC to be listed [Finance]
Korea Exchange's KOSPI Market division revealed on Sep 19 that it accepted DSEC's request of preliminary evaluation for listing. DSEC, a subsidiary of Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea, is a ship-design specialized ...
2011-09-21 10:39:32
Samsung keeps fastsailing [General]
Samsung Heavy Industries of South Korea is rapidly running forward, scoring $14.2bn of new order in the first half this year and KRW 997.3bn of operating profit last year. Samsung's early achievement of new order target of $11.5bn owes to massive ...
2011-09-21 10:33:23
STX OSV earnings forecast cut [Finance]
Singapore’s CIMB Research lowers its earnings expectations for the Singapore-listed STX OSV’s orderbook by 20%-23%, citing a deteriorating global economic outlook. CIMB said that it expected STX to win orders totalling about $1.8bn in 2012 and...
2011-09-21 08:14:23
LNG carrier sector bullish [Shipping]
Oversupply in the LNG carrier market are likely to be realized by mid-2013, but fears that freight rates could crash back to trough levels are overdone. “I very much doubt it will get back down to $22,000 per day again. It could get back down to...
2011-09-21 08:10:36
Idle boxships to double [Shipping]
Idle containership tonnage is forecast to rise sharply over the next few weeks, with Alphaliner expecting the amount of inactive capacity to double by the end of the year. The firm is anticipating an idle fleet of more than 500,000 teu by early 20...
2011-09-21 08:04:34
Dongfang awaits $50m tanker orders [Shipbuilding]
China's Dongfang Shipbuilding fell into a wider first-half loss but it is finalizing tanker newbuilding orders. Dongfang posted a reversal of £3.7m ($5.81m) in the six months to the end of June, greater than the £1.7m loss clocked up ...
2011-09-21 08:00:46
ASD may win ferry [General]
Alaska Ship & Drydock (ASD) looks likely to win a $120m order for a new state ferry. Its Ketchikan Shipyard will finalise the design of the vessel with the state government over the next year and will then be given first option to negotiate a con...
2011-09-21 07:54:06
Hanjin offloading bulkers [General]
Hanjin Shipping is looking to sell off two bulk carriers, brokers report. The South Korean shipowner placed both the 150,000-dwt Hanjin Madras (built 1990) and the 33,700-dwt Great Leader (built 2004) in the shop window. Sources say the pendin...
2011-09-21 07:51:36
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