Fresh orders boost Keppel [Finance]
Keppel Corp has seen its first quarter profit rise by almost 8% on the back of a strong order book. Singapore-listed Keppel’s preliminary results showed it had raked in SGD 346m ($280m) compared to SGD 321m during the same period in 2010. C...
2011-04-21 07:21:42
Wartsila profits up [Equipment]
Wartsila’s first-quarter operating profit rose by 21% to EUR 113m, ($162m) compared to the same period a year ago. The Helsinki-listed company said net sales increased by 18% to EUR 1.08bn. The Finnish engineering and services company, whic...
2011-04-21 07:17:41
STX Finland with new president [General]
STX Finland Oy president Juha Heikinheimo has quit less than a year after returning to the post. Heikinheimo will be replaced by chairman Su-Jou Kim with the yard facing a shortage of orders. “Despite significant improvements during the las...
2011-04-21 07:06:53
Uncertainty in yards' profitability [Finance]
It is not certain if Korea's large shipyards can keep a favorable tone in their results even though they are expected to continue strong profitability for the first quarter of the year following the last year. This concern is driven mainly by th...
2011-04-21 06:27:43
Daewoo-Napa develop Ship-Operation SW [Equipment]
Korea's Daewoo Shipbuilding & Marine Engineering has developed 'Napa-DSME Power' in cooperation with Finland's Napa Group, a ship-software specialist, and is rolling out earnest sales activities over the new sailing software. The ‘Napa-DSME Pow...
2011-04-21 06:25:20
Boxships lead March orders [Shipbuilding]
World's combined newbuilding orders during March totaled 61 ships of 3.9m DWT, and, in particular, boxship newbuilding orders came to 20 ships out of the total, occupying the highest proportion for the first time since March 2005. Out of the 20 n...
2011-04-21 06:22:02
Samsung inks two more LNG carriers [Shipbuilding]
Golar LNG Energy has continued its recent newbuilding binge with an order for two more LNG vessels at South Korea's Samsung Heavy Industries. Golar says it will pay $400m for the two 160,000-cbm units at Samsung, in a deal which comes only a week ...
2011-04-20 16:41:29
Chengxi rolls out 1m dwt [Shipbuilding]
CSSC-affiliated Chengxi Shipyard delivered 1m dwt of newbuildings last year for the first time. The middle standing Chinese shipyard delivered 21 ships last year, rising by 9 ships or 413,400 dwt against a year earlier. The shipyard also focuss...
2011-04-20 07:30:57
Chinese deliver less newbuilds: Q1 [Shipbuilding]
China's newbuilding deliveries recorded 14.46m dwt in the first quarter of this year, falling by 0.7% against the same period of last year. According to China's Ministry of Industry and Information Technology, new ship orders, however, rose by 32....
2011-04-20 07:24:49
SWS inks VLCC [Shipbuilding]
In the tanker segment, with even the depressed crude market, Shanghai Waigaoqiao Shipbuilding has won a rare order for a Very Large Crude Carrier. The Chinese state-owned shipbuilder has inked one VLCC with Greece's Thenamaris, according to Golden...
2011-04-20 07:15:06
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