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STX new Gearless wind turbine
[General]
STX Windpower B.V. is reinforcing wind power business by developing a brand new wind turbine. The company announced Monday that it has completed development of a 2MW high efficiency wind turbine (Model Name: STX93 2MW) and installed a prototype pr...
2011-08-08 11:47:55
Kawasaki pens 5 ships
[Shipbuilding]
Japan's Kawasaki Heavy Industries announced to ink one small-sized LNG carrier and four Handymax bulkers during April - June, 2011. Kawasaki recorded JPY 17bn ($218m) of order in Q2, increased JPY 15.3bn from the same period last year, in which ha...
2011-08-08 11:26:14
STX Europe enters mega yachts
[Equipment]
South Korean STX-owned STX Europe is in consideration of expanding its new business with mega yachts. STX Europe examines to take advantages of its operation network and design technology, accumulated from cruise ship business. Yachts are clas...
2011-08-08 10:57:56
Sungdong has new leader
[General]
South Korea's Sungdong Shipbuilding & Marine Engineering nominated Ha Sung-Yong, former vice-president of Korea Aerospace Industries (KAI), for new representative director and president. The Export-Import Bank of Korea (Korea Eximbank), Sungdong's...
2011-08-08 10:21:17
Daewoo considers new name
[General]
South Korea's Daewoo Shipbuilding & Marine Engineering is now under consideration to alter its company name to Daewoo Heavy Industries & Machinery and start to appoint chairman. Daewoo says: "Modification of company name has been examined since be...
2011-08-08 09:35:15
China ship export slows down
[Finance]
Chinese ship export growth slowed down remarkably in the first half of the year. The Ministry of Industry & Information Technology said during the Jan-June period Chinese shipyards exported $20.62bn worth of ships, up just 6.5% on the same period ...
2011-08-08 07:39:57
Korean ship exports skyrocket
[Finance]
South Korean shipbuilding players exported $6.21bn worth of ships in July. The Ministry of Knowledge Economy said the ship exports jumped 42.6% month-on-month. An MKE official said, "Offshore plant, LNG carriers, large containership orders and ...
2011-08-08 07:33:27
Mitsubishi-Hitachi in merger talks
[Equipment]
One of Japan’s major shipbuilders, Mitsubishi Heavy Industries, is reportedly in talks to merge with one of the country’s largest industrial electronics manufacturers, Hitachi. An MHI statement said: “While there was a series of reports rela...
2011-08-08 07:25:34
Yangzijiang wins state aid
[Finance]
China's Yangzijiang Shipbuilding said its bottom line this year will benefit from millions of dollars of state aid. The Singapore-listed yard has been boosted by CNY 140m ($20m) in the form of incentives and subsidies from the province of Jiangsu...
2011-08-08 07:22:12
Vale to book two more VLOCs
[Shipping]
Vale, the Brazilian mining giant, is rumoured to be in talks with Bohai Shipbuilding Heavy Industry in China over contracts for two additional 405,000 dwt very large ore carriers. The speculation comes at a time when the Chinese Shipowners Associa...
2011-08-08 07:20:10
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