STX announces "Vision 2020" [General]
South Korea's STX Group held a grand ceremony at its STX Dalian Shipbuilding & Offshore Complex in China on April 29th, marking the company's 10th founding anniversary. The ceremony was attended by around 1,000 officials from China, Middle East, E...
2011-04-29 14:12:41
Hanjin scores 6,600TEU's [Shipbuilding]
South Korea’s Hanjin Heavy Industries & Construction has penned four wide-beam boxships of 6,600 teu plus two options with Sammy Ofer’s Zodiac Maritime Agencies. The vessels are said to be costing close to $70m each based on heavy-tail paymen...
2011-04-29 13:22:56
Daewoo-Mangalia inks 9,000TEU's [Shipbuilding]
Romania’s Daewoo-Mangalia Heavy Industries has won an order for four 9,000-teu containerships plus four options in its first boxships order in more than three years. Sammy Ofer’s Zodiac Maritime Agencies is understood to be paying around $90m...
2011-04-29 13:08:18
Hyundai Q1 results, new orders jump [Finance]
Hyundai Heavy Industries announced in a regulatory filing on April 29th that its interim revenue for the first three months of 2011 was estimated at KRW 6.306trn ($5.87bn), up 16.9% on the same period of last year. Operating profit rose 11% to KRW...
2011-04-29 11:58:42
Mitsui operating profit up 40% [Finance]
Mitsui Engineering & Shipbuilding announced Thursday that its ships division recorded operating profit of JPY 19.1bn for FY2010 ended in March 2011, which is up 39% from a year ago. Revenue for the business segment fell 27% to JPY 312.6bn by deliv...
2011-04-29 10:55:52
Kawasaki in unexpected loss [Finance]
Kawasaki Heavy Industries revealed Thursday that its ship and offshore division posted operating loss of JPY 1bn for the year to the end of March 2011. It had expected JPY 1bn operating profit but high yen against dollar hurt the profitability. ...
2011-04-29 10:18:46
China Cosco into loss [Shipping]
China Cosco Holdings posted a first quarter loss Thursday as sharp declines in bulker rates battered the bottom line. Hong Kong-listed Cosco reported a net deficit of CNY 503.3m ($77.4m) in the three months to 31 March, reversing a CNY 882.6m pro...
2011-04-29 08:15:55
Seaspan, "Shopping for ships" [Shipbuilding]
News leaked out on Tuesday that South Korean shipbuilder STX Offshore & Shipbuilding, was in final negotiations for a 3 trillion won ($2.8 billion) order from Seaspan Corp., a Vancouver-based shipper. Gerry Wang (pictured), chief executive of Sea...
2011-04-29 08:12:26
Technip results improve [Offshore]
Technip saw profits rise in line with higher revenues during the first quarter of the year. The company posted a net profit of €104.3 million ($154.8 million) during the first three months of the year, an 8.8% rise on the €95.9 million it boo...
2011-04-29 08:03:37
Rig demand to rise [Offshore]
Shallow-water oil and gas driller Hercules Offshore posted a narrower-than-expected quarterly loss, and said it expects higher demand for its rigs as the approval of drilling permits pick up in the Gulf of Mexico. Hercules, which completed the bu...
2011-04-29 07:59:45
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