New CEO for STX O&S [General]
Korea's STX Group and STX Offshore & Shipbuilding appointed new CEOs in the board meeting held last Friday. The existing CEO list of the group, including Kang Duk-su, the chairman, Lee Jong-chul, the vice chairman and Kim Dae-yu, the president of...
2011-03-28 12:45:45
Sasebo going at ship repairing [Shipbuilding]
Japan's Sasebo Heavy Industries has announced it will separate shipbuilding and ship repairing business as of 1st April. Actually the yard uncouples the ship repairing sector from the shipbuilding to enhance the reparing business since there woul...
2011-03-28 12:06:46
Clarkson's price index fall: unimportant [Finance]
Seoul-based LIG Investment & Securities cast a prospect today that the drop in the Clarkson newbuilding price index does not carry a big meaning. Choi Kwang-sik, analyst of the secutrities company said, "the drop is because of the decrease in other s...
2011-03-28 11:51:02
China's steel price 10% up [Equipment]
Chinese steel makers' 2Q supply price for steel plates has come to the end, which would affect Korean and Japanese steel producers playing a bitter tug-of-war with Korean large shipbuilders. According to industry sources released yesterday, Hyun...
2011-03-28 11:22:48
Korea making clean sweep of offshore [Offshore]
As the oil prices have surpass $100 per barrel, offshore drilling ships and facilities are being raised as a cash cow in Korea's shipbuilding industry. There have been 10 new drillship orders placed worldwide so far this year, and Korean shipbuil...
2011-03-28 10:40:14
STXHI & KOSPO join forces for Iraq project [Equipment]
Korea's STX Heavy Industries (STXHI) and Korea Southern Power (KOSPO) will advance into Iraq's power project in cooperation. The two parts signed a MOU last Friday to conduct new order activities together for power generation facilities in Iraq. ...
2011-03-28 09:47:22
VLGC rates recovering [Shipping]
Earnings for very large gas carriers (VLGC), which ship LPG, will rise by a quarter over the next two years. VLGCs will see daily earnings hit around $33,000 by 2013 from about $25,000, according to the research department of Germany’s DVB Bank....
2011-03-28 08:14:23
Aker Phil appoints new CEO [General]
Kristian Røkke has been appointed President and CEO of Aker Philadelphia Shipyard ASA (AKPS). As CEO, Mr. Røkke, who is the son of Aker ASA Chairman Kjell Inge Røkke, will "lead the transitioning of the yard to win orders for new Jones Act ves...
2011-03-28 07:03:41
Shortcomings in managing Vinashin [General]
Vietnam's Prime Minister Nguyen Tan Dung and other leaders acknowledge “shortcomings” in managing the nation’s top shipbuilding company, Deputy Prime Minister Nguyen Sinh Hung said. They had shortcomings and weaknesses but have conducted ser...
2011-03-28 07:00:36
Cargotec wins Russian order [Equipment]
Cargotec has received an order from National Container Company (NCC), the leading container terminal operator in Russia, for five 7+ generation Kalmar CSC340 straddle carriers. The units will be deployed at First Container Terminal (FCT) located in S...
2011-03-28 06:55:18
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