Pipavav brings strategic investors [Finance]
India's Pipavav Shipyard is in talks to bring in new strategic investors. But boss Nikhil Gandhi told the Economic Times that the company does not need cash. He said: “I can say to an extent that we are in active dialogue with potential str...
2011-05-25 07:24:10
Korean aim at Nor-Shipping bonanza [Shipbuilding]
10 South Korean shipbuilders installed booths at Nor-Shipping 2011 and embarked on an aggressive promotion activity, attracting industry eyes if they will deliver news of winning newbuilding orders during the exhibition period. Especially, on May ...
2011-05-25 07:12:55
Rongsheng into Offshore [Offshore]
China Rongsheng Heavy Industries Group Holdings Limited, a large heavy industries group in China, has collaborated with China National Offshore Oil Corporation ("CNOOC") to construct the world's first-ever 3,000-meter deepwater pipe laying crane vess...
2011-05-25 06:59:09
Small boxship orders soar [Shipbuilding]
New containership orders continue to race ahead of other sectors, with latest figures from Clarksons showing that orders worth $8.4bn have been placed so far this year That compares with $8.2bn in the whole of 2010 and just $1.1bn reported for 20...
2011-05-25 06:53:34
Breaking rates soften [General]
Demolition rates for both dry and wet tonnage have softened on slower demand and relentless supply, but some owners with choice vessels continue to secure strong deals. The onset of the monsoon season and the glut of tonnage purchased over the pas...
2011-05-25 06:46:09
CMA CGM in 16,000TEU upgrades [Shipping]
CMA CGM chief executive Jacques Saadé confirmed that three ships it has on order at South Korean yard will be enlarged from 13,800 teu to 16,000 teu. Speaking to reporters ahead of the naming of the 11,400 teu CMA CGM Titan, built by Hyunda...
2011-05-25 06:43:01
Korean Keep 'Order Momentum' [Offshore]
South Korean shipbuilders are expected to continue order intake momentum in the latter half of the year, centering on LNG carrier newbuilding orders. Seoul-based Hana Daetoo Securities analyst Kim Hyun said, "LNG carrier newbuilding orders resumed...
2011-05-24 12:35:47
Daewoo & DKB cooperate [Offshore]
South Korea's Daewoo Shipbuilding & Marine Engineering said Monday that it signed an MOA with Indonesia's state-owned shipbuilder PT Dok dan Perkapalan Kodja Bahari (DKB) on May 18. The MOA covers cooperation in winning new orders and Daewoo's sup...
2011-05-24 07:46:44
Polarization appears: S&M [Shipbuilding]
Polarization among small- and medium-sized shipbuilders is widening as well as among large and smaller yards. Some S&M yards are recovering with differentiated strategies like strengthened R&D and business diversification, but many others may fail...
2011-05-24 07:36:54
Chinese face grim outlook [Shipbuilding]
China’s shipbuilding industry is expected to face choppy seas this year amid rising costs from labor, raw materials and yuan appreciation, the China Association of National Shipbuilding Industry (CANSI) said in a report on May 19. Of China’s 1...
2011-05-24 07:23:57
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