CSSC pockets $400m in 2010 [Finance]
China State Shipbuilding Co has edged up profit for 2010 as revenues rose. The Shanghai-listed unit of China State Shipbuilding Corp (CSSC) said net earnings were CNY 2.61bn ($399m), up 4.3% from 2009. Revenues jumped 18% year-on-year to CNY 29.8...
2011-04-18 06:42:00
Hyundai scores 6th drillship [Offshore]
South Korea's Hyundai Heavy Industries has won sixth drillship order this year. Shipping giant Fred Oslen has ordered a new $615 million ultra deep-water drillship for delivery in third quarter 2013. The order includes an option for a second u...
2011-04-18 06:37:25
VLCC prices hit bottom [Shipping]
VLCC newbuilding prices are showing a stable progress at the level of $105m to $110m. The newbuilding prices for VLCCs were expected to decrease due to the slowdown of freight market conditions and uncertainty of future market conditions caused b...
2011-04-18 06:29:16
Hanjin labor: Strike cooperation broken [General]
The general strike of the labor union of Korea's Hanjin Heavy Industries & Construction (HHIC) seems to be getting solved. Most of the union members have left the strike site, and four, out of five, vice chairmans of HHIC Division, who have had co...
2011-04-18 06:28:17
New shipbuilding complex in full swing [Equipment]
The shipbuilding industry complex development of Galsa Bay based on Hadong District in Korea, a core complex of Gwangyang Bay Free Economic Zone, seems to be in full swing. A joint project agreement for the development plan was made on 14th. T...
2011-04-18 06:26:41
Structural changes in ship demands [Shipbuilding]
CSSC Technology Research & Economy Development Institute of China has reported an analysis and forecast on future ship market situations including the period of January and February. Cao You-sheng, deputy director of the institute stated in the repor...
2011-04-18 06:24:52
Samjin inks four more handies [Shipbuilding]
Following the contract for 2 units of DWT 33,500 Log/Bulk Carrier early this April, Samjin Shipbuilding Industries Co., Ltd. (SSI, CEO: Young IL Kang) located in Weihai, China has inked more contracts for 4 units of DWT 36,000 Bulk Carrier with a Eur...
2011-04-15 14:34:22
Hyundai builds CIGS solar module plant [General]
Hyundai Avancis, a 50-50 joint-venture between South Korea's Hyundai Heavy Industries and France's Compagnie de Saint-Gobain SA, has embarked on building South Korea's largest CIGS solar module plant. The company announced on April 15th that it en...
2011-04-15 12:18:02
Sembawang signs MOA with Ecospec [Equipment]
Sembawang Shipyard, a wholly-owned subsidiary of Sembcorp Marine has signed a Memorandum of Agreement (MOA) with Ecospec Global Technology to provide customized and greener environmental solutions to the marine and offshore industry. In anticipat...
2011-04-15 08:14:04
Japan ship orders double in FY2010 [General]
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, orders...
2011-04-15 08:10:53
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