Bangladesh to boost scrap prices [General]
Bangladesh’s return to shipbreaking has been greeted with open arms. The reopening of the country’s shipbreaking yards will stop the recent slump in scrap prices and boost the level of demolition activity, cash buyers and analysts say. In its...
2011-03-09 07:16:34
Rongsheng won $2.2bn orders [Shipbuilding]
A surge in orders and increased capacity helped China's Jiangsu Rongsheng Heavy Industries push up its full-year profit. Rongsheng, which listed in Hong Kong late last year, banked CNY 1.72bn ($261.86m) in 2010, up by one third on the previous 12...
2011-03-09 07:11:01
Yangzijiang builds mega yard [Shipbuilding]
China's Yangzijiang Shipbuilding announced acquisition of additional 40% interest in Jiangsu Xinfu Shipbuilding for a consideration of US$57.15m or RMB 377m, raising its effective stake to 60%. The Xinfu yard, currently under construction and ori...
2011-03-09 07:00:59
Steel products getting expensive [Equipment]
Korea's major steel makers like Posco and Hyundai-Steel seem to advance steel product prices for the second quarter of this year in March as raw material prices are sharply increasing. According to the steel industry sources reported yesterday, P...
2011-03-08 22:45:25
Newbuild prices up [Shipbuilding]
Many experts raise a positive outlook on newbuilding prices saying that newbuilding prices will increase from the second quarter of this year since raw material prices are rising, such as iron ore and oil. Seoul-based IBK Investment and Securitie...
2011-03-08 22:41:40
Hyundai seeks" Eco & High-Value" [Offshore]
Korea's Hyundai Heavy Industries is seen to focus on high value added and eco-friendly vessels. Hyundai currently holds the biggest number of world-class products of 31 items among domestic companies and is actively coming forward to develop env...
2011-03-08 22:34:10
2011 is the year of Big 3 [Shipbuilding]
Seoul-based HMC Investment & Securities prospects that there will be a series of newbuilding orders especially for offshore facilities this year based on low newbuilding prices and high oil prices, so Korea's big three - Hyundai Heavy Industries, Sam...
2011-03-08 11:46:30
Hyundai makes call wireless in shipyards [Equipment]
Korea's Hyundai Heavy Industries and SK Telecom announced today they have developed the internal communications solutions of the ships under construction based on femtocells and will conduct trial service soon. Hyundai used to combine a wireles...
2011-03-08 11:15:20
Hyundai wins Urtra FPSO [Offshore]
Korea's Hyundai Heavy Industries has signed a newbuilding contract worth $1.2bn with the world's biggest oil major, British Petroleum, to build a FPSO to be put into the North Sea - the first FPSO newbuilding contract for Hyundai since this year. ...
2011-03-08 10:39:47
DSME on upturn [Finance]
Korea's Daewoo Shipbuilding & Marine Engineering(:DSME) is highly expected to show favorable results due to an improvement of market conditions. As an evidence of the prospect, its shares are currently traded at KRW 33,350 ($30), which is a 1.68%...
2011-03-08 09:57:13
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