Yards spooked by price hike [Equipment]
Korea's largest steel producer, Posco, has decided to increase the domestic steel plate price by 16.8% from KRW 950,000 ($871) to KRW 1.11m per ton. Regarding the price advance, many express their concerns about the deterioration of shipbuilding ...
2011-04-20 05:49:48
SPP wins 1,700TEU's [Shipbuilding]
South Korea's SPP Shipbuilding announced today that it has inked four 1,700-teu containerships with Greece's Eastern Mediterranean Maritime. The newbuildings have a price tag of just above $30m apiece and are due for delivery at the end of 2012 an...
2011-04-19 15:54:32
POSCO ups steel prices [Equipment]
POSCO finally announced today that it will hike prices for major steel products such as hot-rolled steel, cold-rolled steel and thick steel plates by KRW 160,000 ($146.4) per ton as of April 22nd orders. As the South Korea's largest steel maker de...
2011-04-19 12:28:38
Samsung scores 6th drillship [Offshore]
Samsung Heavy Industries scored its sixth drillship order this year. The South Korean shipbuilder announced in a regulatory filing today that it is continuing its drillship securing spree with an order to build a new $608m ultra deep-water dual de...
2011-04-19 12:02:43
Japanese strong recovery [Equipment]
Japanese export ship orders made a strong recovery in fiscal 2010, which ended on March 31, after sinking at their fastest pace in 17 years in the previous fiscal year. According to figures released by the Japan Ship Exporters' Association, order...
2011-04-19 11:54:18
Shanghai Shipyard inks 4,800TEU's [Shipbuilding]
China's Shanghai Shipyard penned an order for four 4,800-teu containerships with Norwegian shipowner John Fredriksen's Ship Finance International (SFI) on April 8th. The newbuildings cost around $230m in total and are due for delivery in 2013. ...
2011-04-19 07:31:43
NCC receives SLS chemical tanker [Finance]
National Chemical Carriers (NCC) of Saudi Arabia announced that it had received on Friday, 15th April 2011 a new chemical tanker named "NCC HUDA" from SLS Shipbuilding of South Korea, as part of two vessels previously purchased by NCC from SLS on 21/...
2011-04-19 07:23:45
Qatargas supplies more LNG to Japan [General]
Qatargas will supply an additional 4m tonnes of liquefied natural gas to Japan, which was hit by an earthquake and tsunami last month. The Qatari LNG will be dispatched to long-term customers in Japan in more than 60 “conventional cargoes” ov...
2011-04-19 07:17:34
Harris Pye backlog hits £100m [General]
UK-owned shiprepair multinational Harris Pye recorded its best-ever order intake in 2010, breaking through the £100m ($162.6m) mark worldwide. The first quarter of 2011 has seen its divisions in the UK, Singapore, Brazil and Gulf report thei...
2011-04-19 07:15:15
S&M boxship orders rise [Equipment]
Newbuilding orders for smaller containerships of around 1,800 teu are gaining momentum. London broker Clarksons reported four deals in its weekly Shipping Intelligence Weekly publication. Greece’s Eastern Mediterranean Maritime is understood ...
2011-04-19 07:09:16
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