Orderbook Changes [Shipping]
During the first six months of 2011, there have been notable changes in the shape of the global orderbook. Clarksons in its ‘Shipbuilding Focus’ takes a closer look at the reasons underpinning the alterations in the orderbook in the four sect...
2011-07-25 06:41:48
MODEC secures OSX-3 FPSO [Offshore]
MODEC, Inc. (MODEC) announced on July 22nd that OSX 3 Leasing B.V. has signed an EPCI contract for the supply of the OSX-3 FPSO, a Floating, Production, Storage, and Offloading (FPSO) unit to be utilized within block BM-C-39 of the Campos Basin, offs...
2011-07-25 06:37:56
MAN wins 10,000TEU main engine [Equipment]
Seaspan Corporation has placed an order for 7 + 18 newbuildings of 10,000 teu containerships at Jiangsu YangZiJiang Shipbuilding and these ships will be powered by the new super long-stroke engine type MAN B&W 10S90ME-C9, which will be built by the C...
2011-07-25 06:34:48
Hyundai Mipo settles wage agreement [Finance]
South Korea's Hyundai Mipo Dockyard settled wage agreement without dispute for 15 years in a row. On July 22nd, union passed the final draft of 2011 wage agreement by 78.2% of approval. Vote stood at 2,050 ayes and 570 noes, among 2,620 from total...
2011-07-22 15:00:11
Daewoo 21-year non-dispute settlement [General]
South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) achieved 21 consecutive years of settlement for 2011 wage and collective agreement. Union and management had tentatively agreed to a wage and collective agreement on July 20th and on 22...
2011-07-22 14:17:41
Hyundai Samho scores 6,700TEU's [Shipbuilding]
South Korea's Hyundai Samho Heavy Industries keeps winning new order of large containerships from Greece's shipowners. Reports from overseas have told that Hyundai Samho recently inked additional two ships of 6,700 TEU from Greece shipowner, Thena...
2011-07-22 11:08:59
DSME practically pens submarine [Equipment]
South Korea's Daewoo Shipbuilding & Maring Engineering (DSME) has practically won a submarine order from Indonesia. The Indonesian submarine deal would record Korean defense industry's biggest project to the tune of about $1.08bn. Industry sour...
2011-07-22 11:00:20
Daewoo, Low Margin from Q2 [Shipbuilding]
South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) is expected to have profits dropped in Q2 and Q3, regardless of its positive new order trend in H2 2011. LIG Investment & Securities prospected low-margin ship ratio, penned from 2009, ...
2011-07-22 10:29:23
Samkang in “Dokdo” platform project [Equipment]
South Korea's Samkang M&T has won a KRW 3bn ($2.9m) contract to supply all thick steel pipes needed to build Dokdo marine science platform. Delivery is set by the end of February, 2012. The company specializes in thick steel pipes used in offsh...
2011-07-22 10:24:43
Samsung worries profitability [Shipbuilding]
South Korea's LIG Investment & Securities analyzed, "Samsung Heavy Industries would have decreased upward-elasticity by profitability drops until H2, 2012. Samsung is prospected to decrease profits as low-margin ship construction increases and thick ...
2011-07-22 09:43:46
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