Keppel inks SGD7.4bn orders [Offshore]
A record order intake has boosted the orderbook of Keppel Corp’s offshore and marine division to SGD 9.1bn ($7.5bn) with deliveries extending into 2014. Net profit of Keppel Corp for the first half was 7% ahead of the same period of last year a...
2011-07-22 07:33:36
Davie Takeover Approved [Finance]
The sale of Canada’s insolvent Davie Yards to a shipyard consortium was approved on Thursday, clearing the way for it to bid for $35bn of government newbuilding contracts. Quebec’s superior court allowed its takeover by engineering giant SNC-...
2011-07-22 07:27:45
Small Is Better [Shipping]
Pacific Shipping Trust plans to purchase smaller bulkers and containerships. CEO Lim Sim Keat says the Singapore-listed owner is looking to grow despite the difficult market conditions. PST, which has two capesize newbuildings on order, is intere...
2011-07-22 07:18:47
Hyundai Mipo inks bitumen carriers [Shipbuilding]
Hyundai Mipo Dockyard has reportedly won an order for two large bitumen carriers. According to overseas media report, Gear Bulk Holding of which stake is owned by Japan's Mitsui OSK Lines has ordered two 19,000-dwt bitumen carriers at the South Ko...
2011-07-22 07:12:04
First Rise in Backlog [Equipment]
Global orderbook of newbuildings totalled 6,884 ships, 134m cgt, 270m gt or 429m dwt at the end of the first half of the year, marking the first increase month-on-month since September 2008 in cgt and gt terms. Clarkson Research Services said a hu...
2011-07-22 07:05:35
Hyundai-Steel expand Japanese market [Equipment]
South Korea's Hyundai-Steel is now boosting its profitability of thick plates for ship from Japanese market, which requests for complicated specifications. Hyundai-Steel, which began producing thick plates for ship last April, sealed the contract ...
2011-07-21 15:07:00
Hyundai Mipo tentative wage agreement [General]
South Korea's Hyundai Mipo Dockyard is slightly shy of 15 years of non-dispute settlement in wage agreement, as both the management and union have made final tentative draft. Hyundai Mipo has made the tentative 2011 wage agreement from the 11th ne...
2011-07-21 14:26:00
Hyundai wage agreement signed [General]
South Korea's Hyundai Heavy Industries has finished wage negotiation and held wage agreement signing ceremony today, accomplishing non-dispute settlement for 17 years in a row. Hyundai held a 2011 signing ceremony for wage agreement on July 21st, ...
2011-07-21 11:53:45
KSS secures newbuilding financing [General]
South Korea's KSS Line announced that it has completed newbuilding financing for one 78,000-cbm VLGC, which is now under construction by Japan's Mitsubishi Heavy Industries. Newbuilding price is about $89m, and 65% amounting $57.85m will be financ...
2011-07-21 11:06:50
Daewoo builds 4G network [Equipment]
South Korea's Daewoo Shipbuilding & Offshore Engineering (DSME) builds LTE (Long Term Evolution)-based mobile office environment in the shipyard for the first time. DSME is now in a process of reexamining feasibility of introducing 4G LTE network ...
2011-07-21 10:30:55
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