Shipbuilding stocks freefall [Finance]
South Korea's Daishin Securities announced on August 9 to maintain overweight opinion on shipbuilding industry. Recent fall of shipbuilding stocks is large, compared to other markets and Korean Big 3 downed badly, as well. Researcher Jeon Jae-...
2011-08-09 16:26:03
Shipbuilding keeps order momentum [Offshore]
Shipbuilding industry is predicted to maintain order momentum from continued investment of its largest clients, oil majors. Researcher Uhm Kyung-Ah from Shinyoung Securities in South Korea forecast: "In concern that crisis of nonmonetary instituti...
2011-08-09 15:09:37
Korea funds offshore biz [Finance]
South Korea's Gwangyang Bay area Free Economic Zone (GFEZ) is nominated to be supported on its offshore plant business. GFEZ had applied for assistance project for commercialization of business for foreign local government, jointly organized by Korea...
2011-08-09 13:44:15
Hyundai provides smartphone A/S [General]
South Korea's Hyundai Heavy Industries operates world's first after-sales service with smartphone. Hyundai announced on Aug 9 that it developed 'm-PASS' (http://mpass.HHIshipAS.com), mobile only A/S system, and started to provide the service this ...
2011-08-09 10:25:36
Mitsubishi expects increased order [Finance]
Japan's Mitsubishi Heavy Industries announced projected consolidated results of shipbuilding & offshore plant divisions for 2011 fiscal year, from April 2011 to March 2012. Mitsubishi forecasted JPY 300bn ($3.86bn) of revenue, JPY 5bn of operating pr...
2011-08-09 09:36:06
Brazil local content "should lower" [Offshore]
Sete Brasil said government expectations about national content requirements for building the rigs (drillships), platforms and ships needed to develop its massive offshore oil reserves were "unrealistic". Sete (Seven) Brasil is the newest Petrobra...
2011-08-09 07:38:30
GL debuts Korean website [General]
A recently-launched Korean language sub-site is providing clients in Korea with the latest updates on Germanischer Lloyd's classification and maritime services. GL has for nearly 35 years used its technical expertise and knowledge to serve the Ko...
2011-08-09 07:25:20
Cochin turnover quadruples [Finance]
Cochin Shipyard Ltd has registered an impressive growth in its financial performance in the last fiscal, as the company's turnover has increased four times from Rs 373 crore in 2005-2006 to Rs 1,426 crore in 2010-11. The profit before tax during ...
2011-08-09 07:20:48
BDI slump continues [Shipping]
Baltic Dry Index fell to new lows of 1,264 points Monday, down by 0.32%, since the end of last week. According to the weekly report on the dry bulk market, issued by Barry Rogliano Salles, “In India the country’s Supreme Court partially lifted...
2011-08-09 07:18:02
Vietnam yard bags 2nd jack-up [Offshore]
After the successful project of constructing the first 90 meter jack-up rig in Vietnam, PV Shipyard was appointed by Petrovietnam to build another 90 meter jack-up rig and a new tender barge. Vietsovpetro is the project owner of the second made-in...
2011-08-09 07:06:49
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