Uncertainty prevails in newbuilding [Offshore]
In the wake of the unprecedented disaster in Japan, global shipowners are bound to pause newbuilding order plans and reflect on their future strategies, as current market conditions are much too unstable to even foresee what’s to occur in a few wee...
2011-03-18 07:15:19
Vietnam-India tie up for shipbuilding [General]
Vietnam and India have huge potential for shipbuilding cooperation, especially while the world’s shipbuilding industry is recovering, Indian Ambassador Ranit-Rae has said. At a seminar on shipbuilding cooperation between Vietnam and India in Ha...
2011-03-18 07:05:38
Major remain intact: Japan [Shipbuilding]
Japan's major shipbuilders escaped the full impact of the earthquake and tsunami that struck the northeastern coast of the country with full force a week ago. An official at the Japan Ship Exporters' Association said the devastating natural disaster ...
2011-03-18 06:58:37
Japanese in crisis [Shipbuilding]
Japan's shipbuilding industry seems to face more troubles in new order intake in the wake of the recent earthquake and tsunami. First, the disruption in supplying ship equipment and various kinds of facilities would mess up building schedule of Ja...
2011-03-17 22:05:13
Big 3 dominate drillships [Offshore]
Korean shipbuilders have been dominating the world drillship newbuilding market since this year. Korea's big three - Hyundai, Samsung and Daewoo - have made a clean sweep of all the 10 new drillship orders placed worldwide so far this year with t...
2011-03-17 22:04:28
DSME CEO appointed Koshipa captain [General]
Nam Sang-tae (pictured), president of Daewoo Shipbuilding & Marine Engineering, has been appointed a chairman of the Korea Shipbuilders' Association. This is the first time Daewoo president is in charge of chairmanship. Koshipa revealed today Mr....
2011-03-17 22:03:50
Hyundai sends consolation to Japan [General]
Korea's Hyundai Heavy Industries donated JYP 50m ($630,000) to Japanese Red Cross Society today to help Japanese recover from the recent earthquake. One official from Hyundai said, "I hope the donation can be a little help to Japanese and wish th...
2011-03-17 22:02:44
No limit for credit loan: Korean [Finance]
Korea Eximbank is said to abolish the 'credit limit regulation for the same company' soon. That is, large shipbuilders can have limitless export financing supports, which would help them obtain more new orders. Kim Young-hwan, president of Korea ...
2011-03-17 14:07:19
Ouhua wins two 4,800 TEUs [Shipbuilding]
China's Zhejiang Ouhua Shipbuilding (pictured) has won two 4,800-teu boxships plus two optional ships from Greece's Thenamaris. The newly ordered ships feature 250 meters long, 37.3 meters wide and 19.6 meters high. The yard will start buil...
2011-03-17 12:35:42
Kitanihon damaged seriously [General]
Japan's Kitanihon Shipbuilding located in the city of Hachinohe, Aomori, is said to have been damaged by the latest devastating earthquake and tsunami. There is no personal injury found, but some ships under construction and its Kugi ship-block fa...
2011-03-17 12:13:33
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