Japanese circumvent the quake [Shipbuilding]
Japan's shipyards would not seriously be affected by the severe earthquake that swept Tohoku area last Friday. Two of Japan's large shipbuilders, Sumitomo Heavy Industries and Mitsui Engineering & Shipbuilding, have a shipyard in Yokosuka and Chib...
2011-03-14 22:19:15
CSC pens four boxships [Shipbuilding]
China's CSC Yichang Shipyard signed a newbuilding contract, on the 10th of this month, with Damen Shipyards Yichang, a subsidiary of Damen Shipbuilding Group of the Netherlands, to build four 8,200-dwt multi-purpose containerships for CNY 400m ($61m)...
2011-03-14 22:18:18
China releases S&P price index [Finance]
China's Ministry of Transport and the city of Zhe Jiang announced 'China's ship S&P (Sale and Purchase) price index' in cooperation on 12th March. With this, China can get its voice heard in the global shipbuilding industry. The ship S&P price in...
2011-03-14 22:16:29
CSSC develops new ship types [General]
The 708 Institute of the Marine Design & Research Institute of China (MARIC), a subsidiary of China State Shipbuilding Corporation (CSSC), developed the next generation ship types of 48K and 82K bulkers on their own last year. And the newly developed...
2011-03-14 12:45:40
Some benefits from Japan tsunami? [Equipment]
Seoul-based Korea Investment and Securities cast an analysis today that Korean steel makers would benefit from the recent earthquake that happened in Japan since some Japanese steel producers were hit by the terrible shock. The major predicted be...
2011-03-14 12:07:58
Hyundai Mipo, winner of S&M ships [Shipbuilding]
Korea's Hyundai Mipo Dockyard is emerging as a new power in the small- and medium-size ship market. While small and medium yards in Japan and China are being withdrawn from the market with an earnest restructuring, Hyundai Mipo is newly paid a su...
2011-03-14 11:38:58
Korean yards' profitability may drop [Finance]
It is analysed that Korea's large shipbuilders would take a downturn again in terms of profitability and cash flow with last year as the peak. This is because shipbuilding market conditions seem to show a steady recovery pace until the end of this...
2011-03-14 10:45:52
Japanese steel prices up? [Equipment]
Shipbuilding shares are taking a rapid downturn in the wake of the recent terrible shock in Japan. Many are concerned that the prices of steel plates would go up since Japanese steel producers were hit by the latest severe earthquake. For inst...
2011-03-14 09:45:44
Handy BC prices down [Shipping]
Handysize bulker values are falling amid difficulties in the charter market. Santoku Senpaku has reportedly sold the 45,665-dwt Silky Ocean (built 1995) for $15.7m. Only three months ago the same vessel was close to being sold for $21.6m only...
2011-03-14 07:20:01
LNG-FPSO boom coming [Offshore]
Producing LNG on vessels at sea could turn into a billion-dollar industry as engineers develop shipboard technology to help quench Asia's thirst for energy. Floating production of liquefied natural gas (FLNG) using LNG-FPSO units is under developm...
2011-03-14 07:04:02
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