Daewoo ethylene carriers resale? [General]
An order for eight LPG/ethylene carriers at Daewoo Shipbuilding & Marine Engineering in South Korea is said to have missed payments and switched to new owners. New owners are believed to have been nominated for a $320m order at Daewoo. The co...
2011-04-04 06:31:39
STX wins 3 gas carriers [Offshore]
Unigas has declared options for another three ethylene carriers at South Korea’s STX Offshore & Shipbuilding. STX had won 3+3 6,500-cbm gas carriers in February this year and the three optional ships are now said to have declared. All six v...
2011-04-04 06:27:10
STX OSV builds 2nd yard in Brazil [General]
STX OSV has won environmental approval for a second shipyard in Brazil. STX OSV’s subsidiary, Estaleiro Promar SA, was granted the environmental license for the construction of the new shipyard in Suape last week. “With the environmental ...
2011-04-04 06:21:56
Daewoo christens first 400K VLOC [Shipbuilding]
Korea's Daewoo Shipbuilding & Marine Engineering held a naming ceremony for the world's first 400,000-dwt VLOC on 30th March. The newbuilding featuring 360 meters long, 65 meters wide and 30.4 meters high is the world largest-scale bulk carrier, ...
2011-04-03 22:15:00
Hyundai pens shuttle tankers [Shipbuilding]
Knutsen NYK Offshore Tankers, where Japan's Nippon Yusen Kabushiki (NYK) took stakes last year, has placed the first order since reorganization of its systems at Korea's Hyundai Heavy industries for one 157,000-dwt suezmax shuttle tanker plus two op...
2011-04-03 22:14:06
Jiangsu makes great performance [Finance]
Jiangsu-based top eight shipbuilders in China made great performances last year in deliveries for 245 ships of 1.354 DWT for the first time to surpass 10m DWT. This figure is also a 47.48% increase compared with the previous year and accounts for...
2011-04-03 22:13:23
DSIC develops 170K LNG carrier [Offshore]
China's Dalian Shipbuilding Industry Co (DSIC) has revealed it has eventually entered into the final phase of the basic technology development for a 170,000-cbm LNG carrier to which the company has invested millions of yuan every year since 2006. ...
2011-04-03 22:12:37
Nantong Rainbow to form offshore base [Offshore]
China's Nantong Rainbow Heavy Machineries has acquired some coastal land previously owned by Qidong Beizhi-based Dongjiang shipyard to establish a heavy equipment assembly base with investing CNY 360m ($54m). The offshore base project covers th...
2011-04-03 22:11:49
Pay attention to steel prices [Equipment]
Seoul-based KB Investment & Securities revealed last Friday that the trend of steel prices is more important than newbuilding prices at the moment. Yoo Jae-hoon, researcher of the company, remarked, "Japanese steel providers are demanding more tha...
2011-04-03 22:10:30
DaeSun sees $72m derivatives loss [Finance]
Korea's DaeSun Shipbuilding & Engineering announced in a regulatory filing yesterday that it has made derivatives loss of KRW 79.022bn ($72m) in both forward transaction and covered option, which corresponds to 3123.4% compared with its equity. "W...
2011-04-01 12:55:18
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