China getting ready for offshore [Offshore]
Annual investment for offshore oil development would reach $40bn to $50bn in the next five to 10 years, which corresponds to investment for the world ship market. Thus, the offshore industry worldwide come into the spotlight with a keen competiti...
2011-03-20 22:06:06
Asia big 3 start LNG battle [Offshore]
The first new LNG ship export order recently placed at China's Hudong-Zhonghua Shipbuilding under the umbrella of China State Shipbuilding Corporation (CSSC) from Japan's MOL reflects that China is emerging as a new rival in the LNG newbuidling marke...
2011-03-20 22:05:05
CSBC flooded with new Inquires [General]
Taiwan's largest shipbuilder CSBC is said to hold a rich orderbook with continuos new order talks. The yard seems to be able to make up for the poor performance of last year this year. The yard is currently building 4,200-teu boxships for Yang Mi...
2011-03-20 22:03:42
Hyundai Mipo grows most [Finance]
S. Korea's Hyuundai Mipo Dockyard held the 37th regular general meeting of shareholders on 18th and released its recent annual performance. The sales of a full-year 2010 came to KRW 3.739trn ($3.3bn), increasing by 0.8% year-on-year, operating pr...
2011-03-20 22:02:39
China new orders jump 44% [Shipbuilding]
The combined newbuilding output of Chinese yards during January to February came to 8.46m DWT, decreasing by 7.8% y-o-y while new orders grew by 44.3% to 8.26m DWT. According to the report released by the China Association of National Shipbuildin...
2011-03-20 22:01:08
Samho & Sungdong win bulkers [Shipbuilding]
South Korean shipyards have won rare 'bulker' newbuilding orders. Turkish shipowner Manta Denizcilik has booked three bulker newbuildings at two shipyards. Captain Yucel Say of Manta confirms the Turkish owner has inked two 35,200-dwt handysize...
2011-03-18 14:27:11
Hyundai scores 9,700TEU's [Shipbuilding]
Hyundai Heavy Industries has reportedly won a $1bn containership newbuilding order. Germany's Hamburg Sud is said to be ordering up to 10 post-panamax ships at the South Korean shipbuilder. The deal consists of six firm ships of around 9,700 te...
2011-03-18 13:00:11
Samsung soon pens cruiseship [Offshore]
The advance into the cruiseship market of Korea's Samsung Heavy Industries, which has been running on the spot, seems to be clinched within the first half of the year. Roh In-sik, president of Samsung, remarked today, "The formal contract for an ...
2011-03-18 12:08:20
High yen hits marine industry [Finance]
The yen has hit the record highs in history of 76 yen against a dollar in the wake of the latest terrible shock. The high yen has a very negative influence on Japan's shipping industry, causing a performance decline of shipowners and increasing m...
2011-03-18 11:24:42
Samsung engages in Europe wind power [Equipment]
Korea's Samsung Heavy Industries and Korea South-East Power Co. together signed a MOU with Europe's renewable energy specialist, INVALL, last Friday to develop Poland's wind power in cooperation. The 'Dzirgon' wind power project Samsung will so...
2011-03-18 10:50:48
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