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Offshore
Shipbuilding
Equipment
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Shipping
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S&M liquidation accelerates
[Shipbuilding]
South Korean emerging, small and midsize shipbuilders, which fell into management difficulties since the global financial crisis, may not overcome the agony. Many local smaller shipyards, except middle-standing stalwart Sungdong Shipbuilding & Mar...
2011-05-09 07:22:31
Danaos no rush to order
[Shipping]
Danaos Chief executive John Coustas says speculative ordering is so far limited to the sub-5,000 teu sectors, but needs observing. Danaos is not rushing to join an emerging new spree of containership ordering after only just completing a major ref...
2011-05-09 07:06:09
Mosvold mulls LNG carrier order
[Shipbuilding]
Norwegian asset player Mosvold Shipping is considering ordering new LNG-carriers. Industry sources reveal the company has been in talks with shipyards about a possible order comprising two firm 155,000-cbm vessels and two options. Mosvold is under...
2011-05-09 07:00:03
IHI profit jumps
[Finance]
Japanese shipbuilder IHI Corp has come good on its promise of higher profit in the year to 31 March. The company said net earnings were JPY 29.76bn ($370.31m) in the period, up from JPY 17.37bn in the previous year. Revenues dropped to JPY 1....
2011-05-09 06:56:35
Hyundai into wage nego in June
[General]
This year's salary negotiation between labor and management in the Hyundai Heavy Industries is expected in June, one month later than usual. According to the labor side, they will only negotiate the salary negotiation, and a collective agreement ...
2011-05-09 06:32:46
Daewoo to continue sound results
[Offshore]
Daewoo Shipbuilding & Marine Engineering (DSME) is expected to continue its sound operating results from the first quarter, achieving corporate growth thanks to its competitiveness in securing orders for the offshore production facilities. Dong...
2011-05-09 06:28:24
CEOs compete in "Nor-Shipping 2011"
[General]
CEOs of South Korean shipbuilders will be headed for Norway to mastermind their companies sales activities respectively at the end of this month. CEOs of the "big 4" shipbuilders (Lee Jae-sung at Hyundai Heavy Industries, Roh In-shik at Samsung H...
2011-05-09 06:23:11
Korea keeps 'No.1'
[Shipbuilding]
South Korea's shipbuilders ranked No.1 in new order intake for three consecutive months, beating Chinese rivals last month. According to Clarksons, South Korea's shipbuilders' new order intake reached 1,463,425cgt (40 ships) in April, accounting ...
2011-05-09 06:17:08
Yangfan scores 205K BCs
[Shipbuilding]
China's Yangfan Group has scored large capesize bulker orders from a group-affiliated shipping company. HongXiang Shipping, the shipping arm of Beijing Jianlong Heavy Industry Group has gone to a sister yard for up to eight capesize bulkers at its...
2011-05-06 16:00:44
Ship Autopilot Era Looms
[Equipment]
According to the shipbuilding industry on May 5, following the commercialization of the aircraft autopilot, ship autopilot system era may begin around 2014. Aiming to commercialize a ship collision prevention system in 2014, Hyundai Heavy Industri...
2011-05-06 12:35:08
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