IHC Merwede expands capacity [Shipbuilding]
IHC Merwede, the Dutch specialist shipbuilder, is negotiating new acquisition loans and is prepared to sell nearly half the company to outside investors as it eyes "sizeable" takeovers to fuel future growth. IHC's president said that the firm, whi...
2011-03-23 07:32:49
Evergreen returns to black [Shipping]
Taiwan's Evergreen turned around 2009’s losses in 2010 thanks to investment income. The company said net earnings were TWD 15.16bn ($512.1m) last year, against a loss of TWD 9.85bn in 2009. Revenue grew to TWD 17.02bn from TWD 15.06bn, but ...
2011-03-23 07:23:54
Bangla breakers show appetite [General]
Bangladeshi scrap yards have a big appetite for tonnage, as shown by rates at or above the $500 per ldt mark, above recent top-end sales from India. They included Polembros Shipping’s 1982-built, 20,951 ldt bulk carrier Good News, which was repo...
2011-03-23 07:16:43
Precious resales for three bulkers [Shipping]
Thailand’s Precious Shipping sold off three newbuildings on order at India’s ABG Shipyard because of delays in delivery. In a statement to the Bangkok exchange, the company said it would transfer the contracts on two 32,000 dwt bulk carriers a...
2011-03-23 07:11:06
Japan yards need repairs: tsunami [General]
ClassNK chairman and president Noboru Ueda says it will take about six months to complete repairs at two Japanese shipyards that were devastated by earthquake and tsunami. He said newbuildings on order at Yamanishi Shipbuilding and Kitanihon Ship...
2011-03-23 07:02:44
Samsung negotiating 13,000TEU's [Finance]
South Korea's Samsung Heavy Industries announced that it is 'in talks' to build large containerships for an Asian company. Hong Kong’s Orient Overseas Container Line (OOCL) looks a likely candidate. The owner is said to be about to order up t...
2011-03-23 06:52:10
Workshop on offshore localization [General]
The Suncheon and Kwangyang branch of the Chamber of Commerce and Industry in Korea is to hold a workshop on localization strategies of offshore plant equipment of Honam region this Friday. The workshop starts at 2 p.m. in the convention hall of ...
2011-03-22 22:28:11
Order value hits peak [Shipbuilding]
The combined newbuilding order value for the full month of February came to $10.1bn, making record highs since September 2008 when it hit $11bn. Korea's Daewoo Shipbuilding & Marine Engineering was awarded 10 boxships of 18,000 TEU from AP Moller...
2011-03-22 22:27:23
2Q steel price becomes known [Equipment]
Korea's steel industry seems to announce the price advance of steel products for the second quarter of the year (from April to June) as early as this week. According to the steel industry, domestic steel suppliers would increase the prices of typ...
2011-03-22 22:26:00
Hyundai Mipo wins $460m orders [Shipbuilding]
S. Korea's Hyundai Mipo Dockyard announced yesterday it has won eight newbuilding orders including two options, which totals around $460m, from Seoul-based Hi Investment Bank (Hi-IB) and Saudi Arabia's state-run shipping company, NSCSA, during this m...
2011-03-22 22:25:03
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