Korean on a cruise to meeting targets [Finance]
South Korea’s major four shipbuilders booked new orders worth $14.9bn in the first quarter of 2011. The order haul for Hyundai, Samsung, Daewoo and Hyundai Mipo was up 70% year-on-year, according to figures from Deutsche Bank. Hong Kong-bas...
2011-04-12 07:51:11
Samsung firms up FLEX LNG-FPSO [Offshore]
After a series of false starts, Norway’s Flex LNG has secured its first confirmed project with New York-listed InterOil to use floating natural gas production units to be constructed at Samsung Heavy Industries. “This is the project we have be...
2011-04-12 07:33:20
Yangzijiang pens $512m orders [Finance]
Singapore-listed Chinese shipbuilder Yangzijiang Shipbuilding said six contracts totalling $214.2m became effective in March. In a filing to the Singapore exchange, the shipbuilding company said it had secured contracts for two 82,000 dwt and two ...
2011-04-12 07:16:10
Chinese wins four 4,800TEU's [Shipbuilding]
John Fredriksen’s Ship Finance International (SFI) has announced a newbuilding contract worth around $230m. A Chinese state-owned shipyard will deliver four 4,800-teu containerships by 2013. SFI said the vessels will be chartered on a time-char...
2011-04-12 07:12:54
Samsung inks Seadrill drillship [Offshore]
Samsung Heavy Industries has firmed up fifth drillship order so far this year. Norwegian shipowner Seadrill has snapped up an option for an ultra deep-water dual derrick drillship newbuilding at Samsung Heavy Industries in South Korea. Oslo and...
2011-04-12 07:07:46
Maersk buys Hyundai VLCCs [Shipping]
AP Moller-Maersk is rumoured to have picked up three VLCC resales at Hyundai Heavy Industries, brokers and analysts are buzzing. A figure of $105m is being circulated for each of the ships, which are thought to be pencilled in for early 2012 deliv...
2011-04-12 06:56:45
Universe pens five BCs [Shipbuilding]
China's Universe Shipbuilding (Yangzhou) Co., Ltd. has recently won newbuilding orders for three 57,000-dwt bulkers and two 58,000-dwt bulkers. The shipyard has been in talks for the newbuilding projects since the beginning of this year. The id...
2011-04-12 06:52:45
Hanjin set to turn around [General]
Hanjin Heavy Industries & Construction is expected to soar in new order intakes after the strike is wrapped up. Mirae Asset Securities analyst Lee Seok-jae said, "Hanjin's performance has been deteriorating and new orders have ground to a halt due...
2011-04-12 06:50:34
Samjin inks handy log/bulk carriers [Shipbuilding]
Early this April, Korean shipbuilder ‘Samjin Shipbuilding Industries (SSI, CEO: Young IL Kang)’ located in Weihai, China has inked 2 contracts of DWT 33,500 Log/Bulk Carriers. The new orders received are the same design SSI have built for 18 ...
2011-04-12 06:48:00
Samsung inks six LNG carriers [Offshore]
Samsung Heavy Industries announced today that it has inked a total of six LNG carriers including four from Golar LNG Energy, for $1.2bn in total. The 160,000㎥ LNG carriers, using eco-friendly dual fuel engines and electric motors, will be delive...
2011-04-11 11:42:02
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