Wartsila orders increase [Equipment]
Finnish ship engine maker Wartsila announced its second quarter order intake grew by 5% to EUR 1,170 million. Q2 net sales decreased 8% to EUR 1,036 million, and operating result was EUR 117 million, or 11.3% of net sales. During the first half se...
2011-07-21 06:49:02
Hyundai outlook bright [Finance]
South Korean shipbuilder and heavy industries giant Hyundai Heavy Industries booked a KRW 677bn ($640m) operating profit in the second quarter a 10% drop on the same quarter last year (KRW 752bn). Despite the dip, analyst opinion remains upbeat o...
2011-07-21 06:38:42
27 LNG carriers penned in H1 [Offshore]
Orders for new LNG carriers have swelled by more than 400% in the first half of 2011. Clarksons counts 27 new LNG carriers penned between January 1st and the end of June, dwarfing five contracts signed in the whole of 2010. Clarksons Andrew Co...
2011-07-21 06:32:21
Bharati profit edges up [Finance]
Profit for the January to March quarter at India's privately-owned Bharati Shipyard edged up over the same period last year but annual profit until 31 March slipped by 20%, the company reports. The Mumbai-based company posted quarterly profit of ...
2011-07-21 06:26:49
Bulker owner posts Profit [Shipping]
Compagnie Maritime Belge (CMB) managed to make a profit of EUR 14.8m ($21.1m) in the second quarter. The Belgian parent of bulker owner Bocimar says the capesize segment suffered the worst beating in the first half of the year as rates fell short...
2011-07-21 06:23:37
Hyundai, Q2 Profits Fall [Shipbuilding]
South Korea's Hyundai Heavy Industries announced its tentative earnings report for Q2 2011, on IFRS (International Financial Reporting Standards) stand-alone basis on July 20th. Hyundai recorded KRW 6.05trn ($5.73bn) for turnover, KRW 677bn for op...
2011-07-20 16:39:54
DSME, 100% shareholder [Equipment]
South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) declared to buy 1.2m shares of its subsidiary, Samwoo Heavy Industries on July 20th. DSME's purchase is a part of securing future-value and investment to expand large propeller business...
2011-07-20 16:10:04
Samsung, orderbook No.1 [Shipbuilding]
South Korea's Samsung Heavy Industries took the world No.1, in terms of shipbuilding orderbook as of the end of June 2011. Daewoo Shipbuilding & Marine Engineering (DSME) overtook the 2nd place from Hyundai Heavy Industries, after winning 20 vesse...
2011-07-20 11:32:09
Thick plate imports jump: Korea [Equipment]
South Korea's thick plates imports have massively increased in this year, due to Korean big shipyards' new order boom. In the beginning of 2011, oversupply of thick plates was worrisome by POSCO, Dongkuk Steel and Hyundai-Steel's successive invest...
2011-07-20 10:17:56
Hyundai-Steel inks TMCP [Equipment]
Recently, Hyundai-Steel won an order for Thermo Mechanical Control Process (TMCP) thick plates from Hyundai Heavy Industries. South Korea's Hyundai-Steel said that it has finished developing high-valued TMCP thick plates for ships and started to s...
2011-07-20 09:51:13
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