Urgent need "Ship Financing Corp." [Shipbuilding]
Many point out that there is an urgent need for tentatively named Ship Financing Corp. in Korea for the continuous development of the domestic shipbuilding and shipping industry and for a win-win growth among the steel, finance and securities industr...
2011-03-07 21:55:20
TMS creates economic ship type [Equipment]
Busan-based TMS, a spin-off from the technology division of Korea's Hanjin Heavy Industries & Construction, has announced that it has developed an economic ship design of a 3,800-teu containership to be constructed at Hanjin's Subic shipyard in the P...
2011-03-07 21:54:23
TIMETEC develops new CAD system [Equipment]
Korea's TIMETEC has released TTM(TimeTec Modeler) 2.0, domestic shipbuilding CAD system on 25th February. The company published outfitting system-centered TTM 1.0 version in last May, and the newly presented TTM 2.0 version features hull-outfitti...
2011-03-07 21:52:57
Sungdong pens 82K BC's [Shipbuilding]
Korea's Sungdong Shipbuilding & Marine Engineering won five 82,000-dwt bulkers including two optioanl ships from Turkish and Greek shipowners last weekend. The newly ordered newbuildings feature 229 meters long, 32.3 meters wide and 20.9 meters hi...
2011-03-07 16:42:35
HMD shoots 6 RoRo-Con orders [Shipbuilding]
Korea's Hyundai Mipo Dockyard signed for four RoRo-Containerships plus two optional units on Sunday with the National Shipping Company of Saudi Arabia (NSCSA). The contracts value including the two optional ships amounts to SAR 1.543bn ($411m). ...
2011-03-07 13:06:24
Hanjin delivers DSV succesful [General]
Kore's Hanjin Heavy Industries & Construction revealed today that it has held a delivery ceremony for the first Diving Support Vessel (pictured) of the two newbuilds ordered by United Arab Emirates's GULMAR ATLANTIS in 2007. The Hanjin-builts DS...
2011-03-07 12:25:13
Insufficient & Expensive labors in China [Equipment]
Shortage of labors and an increase of labor cost that mainly happen after the springtime in coastal areas in China are seriously hitting the China's shipbuilding industry these days. It occurs every year in China's coastal areas that many labors ...
2011-03-07 11:54:13
21st Century delivers 34K bulker [Shipbuilding]
Korea's 21st Century Shipbuilding held a naming ceremony last Friday for the first unit of the two ordered by a Greek shipowner. The first unit of 34,000-dwt cargo carrier named ‘MARDINIK’ features 181 meters long, 30 meters wide and 14.8 met...
2011-03-07 10:43:43
Thick steel demand to rise [Equipment]
Seoul-based Hanhwa Securities expects that domestic demand for thick steel will increase and demand and supply will make a good balance, raising its investment suggestion of 'overweight' over the steel industry. Some analysts from the securities...
2011-03-07 10:16:44
COSCO wins livestock carriers [Offshore]
COSCO Guangdong Shipyard has contracted 3 plus 1 optional 15,000-dwt Livestock Carriers with unnamed European shipowner. The mystery owner stumped up the deposits for the “special purpose carriers” last month, making the order effective. Th...
2011-03-07 08:18:00
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