Aeolos confirms only '1' 6,700TEU [Shipbuilding]
Aeolos Management denied reports that it has upped its tally of newbuilding contracts to five vessels of 6,700 teu at Hyundai Samho Heavy Industries. Captain Ioannis Vassilakis of Aeolos confirmed that only one more ship has been added to the pai...
2011-07-29 07:29:42
Shipbuilders, culprit for weak dollar? [Finance]
South Korean shipbuilding companies are also to blame for the drop of won-dollar exchange rate to 1,050 won level. In addition to the main reason of US debt crisis, South Korean shipbuilders' intensive sales of dollars pressure further decrease of...
2011-07-29 07:10:46
Hyundai Samho 5,000TEU confirmed [Shipbuilding]
Thenamaris Ships Management has ordered two boxships of 5,000 teu from South Korea’s Hyundai Samho Heavy Industries, the Greek owner confirmed. The Thenamaris pair are due for delivery in August and September of 2013 and are said to be cost $60m...
2011-07-29 06:57:29
Hyundai Samho settles wage [General]
South Korea's Hyundai Samho Heavy Industries settled 2011 wage agreement on July 28th, recording five consecutive years of settlement. During 16th negotiation on 27th, management-union made tentative draft of wage agreement, which includes, an inc...
2011-07-28 16:49:30
JSMEA-SINAVAL cooperation [Equipment]
Japan Marine Equipment Association (JSMEA) is scheduled to sign an agreement for business collaboration with SINAVAL, Brazilian shipbuilders' association, on August 2nd and host "Japan Night," having related shipowners and shipbuilders in Brazil. The...
2011-07-28 16:12:58
Samsung slowdown in Q2 [Finance]
South Korea's Samsung Heavy Industries recorded revenue of KRW 6.653trn ($6.33bn) and operating profit of KRW 703.9bn, in the first half of this year, increased by 5.4% and 4.4% respectively, from the same period last year. And net profit increased b...
2011-07-28 15:15:09
Samsung wins LNG-fueled vessel [Equipment]
South Korea's Incheon Port Authority (IPA) has designated Samsung Heavy Industries as a preferred bidder for building LNG-fueled ships. Samsung has embarked on LNG-fueled newbuilding ship to promote eco-friendly Incheon Port. Construction will ...
2011-07-28 14:49:00
KR opens Asia-Pacific headquarters [General]
Korean Register of Shipping (KR) has promoted Singapore headquarter to Asia-Pacific headquarter to reinforce local business. Ceremony for opening Asia-Pacific local headquarter was held at Marina Mandarin Hotel in Singapore, under presence of 250 ...
2011-07-28 13:00:00
Hyundai Mipo Q2 down [Shipbuilding]
South Korea's Hyundai Mipo Dockyard is prospected to resume winning orders in the second half of 2011. And operating profit for Q2 is expected to reduced by 20% from the same period 2010. Researcher Choi Kwang-Sik, Seoul-based LIG Investment & Sec...
2011-07-28 12:22:39
Daewoo Q2 up [Shipbuilding]
South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) announced Q2 results, improved from the same period last year. DSME (CEO, Nam Sang-Tae) recorded turnover of KRW 3.178trn ($3bn), operating profit of KRW 339.9bn, pre-tax profit of KRW...
2011-07-28 11:38:06
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