Jiangsu into global shipbuilding base [Shipbuilding]
Jiangsu province is the number one shipbuilding base in China in terms of scale, production capacity, ship types and ship-equipment industry, etc. The shipbuilding industry of this area has grown three times over the last five years with an annua...
2011-03-22 01:28:19
China revamps equipment industry [General]
During the Chinese Government's 11th five-year development from 2006 to 2010, China's shipbuilding industry showed a prominent growth in every aspects, such as production capacity and industrial technology, etc. The ship-equipment industry is, ho...
2011-03-22 01:27:32
China substitutes for Japan? [Equipment]
Since Japan's exports of high-end steel plates are seriously hit by the recent earthquake, Chinese steel makers expect to increase their market share over the next three to six months. For example, some China's major steel suppliers - WISCO, Ba...
2011-03-22 01:26:51
Hyundai to hit historical peak [Offshore]
Majority of industry experts prospect Hyundai Heavy Industries's new orders for this year would approach its historical peak of the past. Lee Bong-jin, researcher of Seoul-based KTB Investment & Securities, says, "Hyundai would see $24bn of new ...
2011-03-21 12:07:49
Hyundai shoots 10 9,600TEU's [Shipbuilding]
S. Korea's Hyundai Heavy Industries has just won six new boxship orders. The yard announced today it has signed a newbuilding contract with Germany's Hamburg Süd to build six 9,600-teu boxships worth KRW 800bn ($711m) in total. The contr...
2011-03-21 11:21:18
Posco produces more steel [Equipment]
S. Korea's large shipyards - Hyundai, Samsung, Daewoo and STX O&S, etc. - have asked Posco to increase the supply volume of steel plates by 300,000 tons for now. The shipyards assume the steel maker would have better production capacity since it ...
2011-03-21 10:50:30
Samjin delivers 20th ship [Shipbuilding]
Korean shipbuilder ‘Samjin Shipbuilding Industries Co., Ltd. (SSI, CEO: Young IL Kang)’ located in Weihai, China delivered the DWT 33,500 Log/Bulk Carrier to shipowner ‘Interorient Navigation’ on 18th March, 2011. The newly delivered vess...
2011-03-21 10:19:20
DaeSun eyes four contracts called off [Finance]
S. Korea's DaeSun Shipbuilding & Engineering has seen four single sales and supply contracts canceled since the year, which is the biggest number among KOSDAQ-listed companies. The total contract values canceled come to more than KRW 382bn ($339m...
2011-03-21 10:13:18
ST Marine gets cancellation notice [Equipment]
ST Marine, the shipbuilding unit of Singapore's ST Engineering, reports that it has received a notice of termination dated March 17, 2011 from French shipowner Louis Dreyfus Armateurs (LDA) in respect of the shipbuilding contract for a Roll-on/Roll-...
2011-03-21 08:23:57
RINA develops CNG guideline [Equipment]
Italy's classification society RINA has used its offshore gas expertise to develop rules and guidelines for the exploitation, transport and storage of Compressed Natural Gas. Angelo Lo Nigro, Oil and Gas Manager, RINA, says, "Compressed Natural Ga...
2011-03-21 08:16:53
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