Hyundai Samho signs 13,900TEU's [Shipbuilding]
South Korea's Hyundai Samho Heavy Industries has formally signed 10 ultra-large containership newbuildings of 13,900TEU each, worth KRW 1.4trn ($1.297bn) in total with Singapore state-owned shipping company Neptune Orient Lines. Hyundai Samho anno...
2011-06-24 11:59:32
Kanasashi rehabilitation plan [Finance]
Japan's Kanasashi Heavy Industries, which is now undergoing a rehabilitation procedures, has recently drawn up a rehabilitation plan. According to the plan, it will stand on its own two feet without any support from other company, by concentrating...
2011-06-24 11:35:25
Samsung inks 8th drillship [Offshore]
Samsung Heavy Industries has inked its eighth drillship order this year. The South Korean shipbuilder announced in a regulatory filing today that it has won an order for ultra deepwater drillship for $608m from Greek shipowner Ocean Rig. The dr...
2011-06-24 11:15:23
Yamanishi consigns newbuildings [Shipbuilding]
Japan's Yamanishi Shipbuilding & Iron Works, which is recovering from massive earthquake, has consigned its newbuilding work to compatriot Kanasashi Heavy Industries. Yamanishi decided to consign two 24,000-dwt bulkers to Kanasashi and is planning...
2011-06-24 10:39:59
Gibdock books cruiseship work [General]
Gibraltar-based Gibdock has confirmed its status as a fast rising player in the Mediterranean cruise ship repair and refurbishment market by completing a drydocking contract for U.K.-based Saga Holidays. Last month, the niche cruise operator docke...
2011-06-24 08:26:40
ABB wins $24m marine order [Equipment]
ABB, the leading power and automation technology group, recently won a $24 million order to supply electrical power and propulsion systems for two next generation ‘Ramform' vessels, capable of three-dimensional (3D) seismic data acquisition for sea...
2011-06-24 08:24:11
Super-size orders 'Inevitable' [Shipbuilding]
Some of the world’s top container lines risk being squeezed out of the Asia-Europe trades unless they order more ultra-large vessels. Both the Grand Alliance of Hapag-Lloyd, OOCL and NYK Line, and the New World Alliance comprising APL, MOL and H...
2011-06-24 08:19:36
China steps up Greek lending [Finance]
Despite tightening financial conditions in China, lending associated with the $5bn pledge by the Chinese government to finance newbuilding orders by Greek owners in China is gaining momentum. At least half a dozen deals are being negotiated, of w...
2011-06-24 08:10:57
Chinese face power shortage [Shipbuilding]
Chinese shipbuilders are now facing summer electricity shortage which is more severe than previous years. This may lead to ship construction delays, local officials are concerned. China is now suffering from an electric power shortage and the g...
2011-06-24 08:04:20
Yangzijiang shares underestimated [Finance]
Barclays Capital has branded shares in Yangzijiang Shipbuilding as too cheap after the privately-run large shipbuilder grabbed its second giant containership order in just two weeks. Peter Dohle has penned an LOI for eight 10,000-teu vessels at t...
2011-06-24 07:49:42
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