Keppel scores jack-up from Japan [Offshore]
Keppel FELS has secured a contract worth about US$210m from Japan Drilling Company (JDC) to build a KFELS Super B Class jack-up rig. Slated for delivery in the first quarter of 2013, the rig will be JDC's first newbuild rig order in six years and...
2011-03-16 07:24:09
Korean yards take little hit [Equipment]
There is a growing concern that Korean shipbuilders, which import steel products from Japan, will probably have problems in raw material supply due to the recent severe earthquake in Japan. However, according to the majority of experts, the conce...
2011-03-15 22:45:56
COSCO in partnership with steel maker [General]
China's COSCO Shipyard Group made a strategic co-operative agreement with a compatriot steel maker, Hualing Xianggang, on the 13th of March. COSCO Shipyard Group established in 2001 is a large-scale shipbuilding company under the umbrella of Chi...
2011-03-15 22:44:26
Japan quake, bad news 'for a while' [Shipbuilding]
It is forecast that the recent terrible shock in Japan would bring about cost pressures and, therefore, short-term unfavorable conditions in shipbuilding industry. Choi Kwang-sik, resercher of Seoul-based LIG Investment and Securities, says, "Jap...
2011-03-15 22:37:09
Hyundai-Vinashin builds 20 newbuilds [Shipbuilding]
Vietnam-based Hyundai-Vinashin Shipyard, which has recently turned into a full shipbuilding specialist from a shiprepair/shipbuilding yard, targets to build 11 newbuildings for this year and 20 units for 2013. The yard successfully delivered its ...
2011-03-15 22:36:00
Nuclear explosion calls for LNG carriers [General]
Japan's stopping nuclear power plant operations would bring a lot of changes to the current LNG ship market. There is a growing demand for LNG in Japan since gas turbine power plants using natural gas are increasingly wanted. However, there is...
2011-03-15 12:44:08
Boxship freight soon up [Shipping]
Seoul-based Hyundai Securities reported today about Korea's Hanjin Shipping that the downturn of freight charges due to an increasing oil prices will disappear in the first quarter of the year and start to rise. Yang Hee-jun, researcher of Hyund...
2011-03-15 11:30:43
Doosan rush for offshore wind [Offshore]
Korea's Ministry of Knowledge Economy (MKE) announced today that Doosan Heavy Industries & Construction has acquired an international certification for 3MW offshore wind power generation system for the frist time in Korea. According to MKE, Doosa...
2011-03-15 10:48:19
Hyundai still good & well [General]
Seoul-based Tong Yang Securities revealed today Korea's Hyundai Heavy Industries still holds a good new order momentum. Lee Jae-won, researcher of the securities company, says, "Hyundai's new order moment is still alive and well, and its offshore...
2011-03-15 10:18:35
Korean yards' shares decline [Finance]
Shares in Korean shipbuilders fell on Monday over fears about the potential fallout from the earthquake in Japan. Investors sold down shares in the major shipbuilders on concerns about higher steel prices and a tight supply of steel plates in the ...
2011-03-15 08:20:41
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