2010 eyes 579 newbuilds canceled [Shipping]
The total of canceled newbuilding contracts worldwide for last year came to 579 ships of 20.62m GT. According to IHS's statistics, Korea accounted for 230 ships of 9.18m GT, China for 172 ships of 6.89m GT and Japan for 32 ships of 1.17m GT. By v...
2011-04-01 12:11:46
Steel prices to stabilize from Q4 [Equipment]
Seoul-based KB Investment & Securities reported today the prices of steel plates would take a stable tone from the fourth quarter of the year. Yoo Jae-hoon, researcher of the securities company, said, "Too excessive are the concerns about the hol...
2011-04-01 11:55:35
Hyundai books bright outlook [Shipbuilding]
Seoul-based Woori Investment & Securities reported today that Hyundai Heavy Industries is turning into a truly integrated heavy industries company beyond a shipbuilder thanks to the favorable tone of results in the non-shipbuilding sector. Song Ja...
2011-04-01 11:33:27
Hyundai Mipo to enjoy boxship recovery [Shipbuilding]
Seoul-based Hi Investment Bank (Hi-IB) reported today Hyundai Mipo Dockyard's sales and operating profit for the first quarter would outreach what they were supposed to be since there would be a number of newbuilding orders to be placed for small- an...
2011-04-01 10:31:56
Daewoo to keep growing [Finance]
Seoul-based Hi Investment Bank (Hi-IB) cast a very positive assessment on Daewoo Shipbuilding & Marine Engineering today that the shipbuilder maintains a stable growth based on a good business base and new order competitiveness. "As the world seco...
2011-04-01 09:55:04
Northrop spins off shipyards [General]
Northrop Grumman is offloading its troubled shipbuilding division by spinning it off into a new company. The shipyards in Louisiana, Mississippi and Virginia will be handed over to shareholders under the name Huntington Ingalls Industries. In...
2011-04-01 08:24:55
STX OSV books another PSV [Offshore]
STX OSV Holdings announced it has secured a new contract for the design and construction of a Platform Supply Vessel for an undisclosed customer. The vessel will be of STX OSV's own PSV 09 design, and is scheduled for delivery from STX OSV in Nor...
2011-04-01 08:19:03
Signal scores $47m AT/B order [Shipbuilding]
Signal International has been awarded a $47 million contract by Kirby Ocean Transport Company, the offshore tug and barge owning and operating subsidiary of Kirby Corporation of Houston, Texas. It covers construction of an articulated tug/barge (...
2011-04-01 08:12:58
Fincantieri mulls Davie acquisition [Finance]
Québec shipbuilder Davie Yards announced Thursday that it has entered into an exclusivity agreement with Fincantieri and DRS Technologies Canada ("DRS"), a Finmeccanica company, to negotiate the potential acquisition of the shipyard by an enti...
2011-04-01 08:09:02
Hyundai-Baosteel agree Q2 plate price [Equipment]
Chinese steel giant Baosteel Group announced that it has reached agreement with South Korea's Hyundai Heavy Industries (HHI) on a Q2 shipbuilding plate contract price. The final price of the shipbuilding plate contract for the second quarter of 20...
2011-04-01 07:29:01
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