Japan resumes steel production [Equipment]
It is witnessed Japan's steel production activities have come back to the previous level of the earthquake and tsunami disaster. According to the World Steel Association (WSA), Nippon Steel has got its three blast furnaces located in the east st...
2011-03-29 10:44:49
Safe sailing solutions on developing [General]
Korea's Electronics and Telecommunications Research Institute (ETRI) is to roll out a project, 'safe sailing solutions development based on offshore Ad-hoc', standing on the basis of the convergence technology of IT-shipbuilding created by joint rese...
2011-03-29 10:27:49
Chinese steel picks up [Equipment]
China's ship steel market started to show an upturn last year, making up for 2009's downturn. China's combined production of ship steel for last year came to around 17.75m tons, increasing by 22% compared with 2009, and, in particular, the produc...
2011-03-29 09:49:23
New Century cooperates with steel maker [General]
China's New Century Shipbuilding signed a strategical cooperation agreement with Jinan Iron & Steel (Jigang Group) on 12th March. Jigang has produced ship steel plates since the 1970s, but the production volume of 2005 stayed in only 293,600 ton...
2011-03-29 09:29:33
STX adds energy business [Shipping]
Korea's STX Group is preparing for a new leap through enhancing the plant, construction and energy segments. The group plans to secure future energy sources through overseas construction projects, various kinds of plants and resource development ...
2011-03-29 09:28:44
Sinopacific: Vanguard of Private Yards [Shipbuilding]
During the eight years since its inception in 2003, Sinopacific Shipbuilding Group has made rapid progress, developing annual output value from zero to RMB 10 billion and delivering more than 200 ships. It brings vigor into China’s shipbuilding...
2011-03-29 08:44:50
Lamprell profits leap [Finance]
United Arab Emirates-based yard group Lamprell more than doubled its profit last year. The company’s net profit jumped to $66.6m, up 134.5% from the previous year's $28.4m, as revenue climbed 18.4% to $503.8m. Lamprell’s orderbook as at 28...
2011-03-29 08:19:11
Jurong scores two more jack-up [Offshore]
Noble Corporation has exercised options with Singapore-based Sembcorp Marine to build two new harsh-environment shallow-water drilling rigs. The new jack-up rigs have a price tag of $235m apiece and are set for delivery by Sembcorp's Jurong Shipya...
2011-03-29 08:14:20
STX enters 'Ship Financing' [Finance]
South Korean shipowner STX Pan Ocean has bought all the remaining shares in domestic bank Heung Kook Mutual Savings Bank to boost its ship financing options. The investment of KRW 34bn ($30.52m) saw it purchase another 65.6% of equity from STX Con...
2011-03-29 07:29:17
Brazil yards eye products tankers [Shipbuilding]
Two Brazilian shipyards are vying for eight products tankers for Transpetro. The state-controlled shipowner says Estaleiro Maua and Estaleiro Ilha were the only yards to submit proposals in a tender launched back in December. When the winner ...
2011-03-29 07:18:18
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