Mitsubishi converts mega-float [General]
Since The Tokyo Electric Power Company has decided to implement a mega-float to store radioactive-contaminated water, a compatriot shipbuilder, Mitsubishi Heavy Industries, will be in charge of converting the unit at its Yokohama shipyard. The unit w...
2011-04-06 12:08:45
STX opens STX Marine Service [General]
South Korea's STX Group has launched ship management-specialized company, 'STX Marine Service', putting spurs into the ship management business rising as blue ocean to take a dominant position in the market. STX Marine Service announced yesterday ...
2011-04-06 11:53:18
Hyundai steps to Wind market [Equipment]
South Korea's Hyundai Heavy Industries has become the first among domestic companies to win wind turbines from Europe. Hyundai has signed a contract with Finland's Finnish Power to supply 16MW wind turbines in cooperation with Hyundai Corporation...
2011-04-06 11:32:38
Positive outlook on Hanjin & STX [Shipbuilding]
Seoul-based LIG Investment and Securities reveals that Korea's Hanjin Heavy Industries & Construction and STX Offshore & Shipbuilding are the two shipbuilders, which will create the biggest profit when all troubles facing them are settled. Choi Kwang...
2011-04-06 11:02:36
Tax investigation on Samsung [Finance]
South Korea's National Tax Services (NTS) has launched tax investigation on Samsung Heavy Industries. According to one official from NTS, NTS injected 20 NTS agents into Samsung's headquarters in Seoul Monday to conduct tax investigation for 105 d...
2011-04-06 10:14:01
LNG carriers to boom [Offshore]
Since there are sharply growing demands for LNG coupled with the recent nuclear power plant shock in Japan, market experts expect there will be a bulk of new LNG carrier orders to be placed after April. Korea's four largest shipbuilders, which have ...
2011-04-06 09:57:20
Exmar to order LPG carriers [Shipping]
Belgian shipowner Exmar is beginning to look at newbuilding orders for its midsize LPG-carrier fleet. Exmar chief Nicolas Saverys says the company is “in full discussions” with shipyards on possible orders for up to four vessels in the 30,000...
2011-04-06 07:51:17
Coastal in talks over M&A [Finance]
Malaysian shipowner and shipyard group Coastal Contracts is in talks over a possible merger or takeover of the company. But it stressed any negotiations were exploratory at this stage and may or may not involve a sale of a major stake in the comp...
2011-04-06 07:46:23
K Line completes SAL acquisition [Equipment]
K Line has completed its acquisition of German heavy-lift specialist SAL Group. The Japanese owner said it acquired the outstanding 50% of the shares in SAL that it did not already own. Lars Rolner, who is one of SAL’s existing partners, wil...
2011-04-06 07:42:50
Caspian Shipyard to enjoy local orders [Shipbuilding]
Azerbajian’s new JV shipyard on the Caspian Sea is to cost at least $450m. Previous estimates for the facility have come in at $386m. Rovnag Abdullayev, head of state oil company Socar, said construction work is scheduled to be complete in the ...
2011-04-06 07:37:32
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