StealthGas rejuvenates with newbuilds [Shipping]
Greek tanker owner StealthGas is banking $26m from the sale of four LPG carriers. The Nasdaq-listed gas specialist says the 3,500-cbm Gas Shanghai (built 1999), 6,562-cbm Gas Chios (built 1991), 3,510-cbm Gas Czar (built 1995) and 3,518-cbm Gas N...
2011-05-13 07:01:13
GL debuts Korean website [General]
Germanischer Lloyd (GL) has for nearly 35 years used its technical expertise and knowledge to serve the Korean shipbuilding community. A recently-launched Korean language sub-site, hopes to further strengthen that connection by providing clients ...
2011-05-13 06:56:15
Daewoo not giving up tourism [General]
South Korea's Daewoo Shipbuilding & Marine Engineering said the project of developing tourist attractions in Oman didn't come to a halt completely. Daewoo announced on May 11 that efficacy of the Memorandum of Understanding on projects of devel...
2011-05-13 06:36:22
Hyundai races for orders [Shipbuilding]
Hyundai Heavy Industries has won orders for a total of 38 ships, totaling $9.6bn (including Hyundai Samho Heavy Industries) in shipbuilding and offshore plant sectors as of the end of April. It has achieved 49% of $19.8bn, its annual order target of ...
2011-05-13 06:28:41
Daewoo operating margin kept high [Finance]
Daewoo Shipbuilding & Marine Engineering is expected to post double-digit operating margin in the second quarter too, as the Korean won continues to be strong against the US dollar and profits coming from shipbuilding orders won in the boom period ar...
2011-05-13 06:17:27
Hyundai plans to extend H-Dock [Offshore]
Hyundai Heavy Industries expands its offshore plant sector by conducting the construction to extend the so-called H-Dock, specializing in offshore plants which have been completed less than two years ago. HHI plans to start the extension construct...
2011-05-13 06:09:29
Hyundai's first marine gas engine [Equipment]
Hyundai Heavy industries starts to mass-produce its first eco-friendly marine gas engines. With the start of producing its first eco-friendly gas-fueled ship engine, HHI plans to expand its market share in the world's ship engine market. Accordin...
2011-05-12 12:58:27
Oman Drydock Open [Equipment]
The state-governed Oman Drydock Company (ODC), which South Korea's Daewoo Shipbuilding & Marine Engineering operates according to the agreement between DSME and the Omani government, successfully delivered the first two repaired ships on May 7th. ...
2011-05-12 09:29:10
Drillship orders to hit 30 [Offshore]
Drillship newbuilding orders are expected to hit record-high this year. To date in 2011, 17 drillships were inked worldwide, all at South Korean big 3 shipbuilders. Samsung Heavy Industries booked seven, Hyundai Heavy Industries six and Daewoo Sh...
2011-05-12 07:23:45
Otto seeking new orders [Shipping]
Offshore services firm Otto Marine is currently “aggressively” looking for more orders as its shipbuilding segment took a hit in the first quarter. The Singapore-based firm's shipbuilding, ship repair and conversion segment registered a 66% d...
2011-05-12 07:13:25
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