Hyundai-Gunsan aims 20 newbuilds [Shipbuilding]
Hyundai Heavy Industries's Gunsan shipyard has gained newbuilding orders for 14 ships so far this year, which is a sharp growth against only three ships of 2009 and nine of 2010 and is highly expected to win over 20 newbuildings in total this year. ...
2011-03-04 09:59:16
Chinese lines up 50-ship order [Finance]
Tianjin-based China Ship Fund is set to order around 50 newbuildings at state-owned shipyards. The order splurge is said to include kamsarmax and capesize bulkers, aframaxes, suezmaxes and VLCCs, with VLCCs to be inked first. Market players sa...
2011-03-04 08:47:03
Qingdao Hyundai builds MPP series [Offshore]
Keel-laying of a dry cargo ship ordered by VBTH was held on Feb. 28 at Qingdao Hyundai Shipbuilding in China. The newbuilding is the tenth multipurpose dry cargo vessel of project DCV36. The DCV36 project vessels are designed for marine transp...
2011-03-04 08:13:52
Strategic books work barge [General]
Australian shipbuilder Strategic Marine has won an order for a work barge from domestic owner Offshore Plant Hire. The 27-metre vessel will be built at the company's Vung Tau shipyard in Vietnam. The vessel will be used primarily for port upgrade...
2011-03-04 08:08:03
Malaysian posts weak [Finance]
Malaysian owner and shipbuilder Shin Yang announced its second quarter results were weaker as its yard operation dipped. The company posted net profit of MYR 20.79m ($6.85m) in the three months to 31 December, down 35% on the first quarter, as it ...
2011-03-04 07:39:37
Bulgarian falls into red [Finance]
Bulgarian shipyard group IHB has reported a loss of BGN 10.74m ($7.65m) in the fourth quarter of last year, compared to a profit of BGN 1.63m a year earlier. The company blamed losses at various group companies, including Bulyard Shipbuilding Ind...
2011-03-04 07:33:27
Wartsila clinches gas engine for STX [Equipment]
Wärtsilä has been awarded a contract by shipbuilding company STX Finland Oy to supply the propulsion machinery for a new passenger ferry to be built for Viking Line, a Finnish ship owner. The vessel will be the largest passenger ferry t...
2011-03-04 07:28:43
Shanghai Shipyard inks 3,600TEU pair [Shipbuilding]
China's Shanghai Shipyard has won this year's first boxship order from Germany's F.A. Vinnen & Co to build two 3,600TEU ships. Delivery is set for the fourth quarter of 2012 and the first quarter of 2013. Financial terms were not revealed. The ...
2011-03-04 07:14:37
Universal-IHIMU eye bigger merger [Equipment]
Japanese shipbuilders Universal Shipbuilding and IHI Marine United have opened the door for more partners to join their effort to create a Japanese shipbuilding giant. The two yards have been in merger talks for three years and now Universal boss...
2011-03-04 07:04:10
Hyundai-Vinashin only newbuild [Shipbuilding]
Hyundai-Vinashin Shipbuilding (HVS), a Vietnam-based subsidiary of Korea's Hyundai Mipo Dockyard, is to end ship-repair business and to focus on only shipbuilding. HVS has repaired overall 967 ships and revamped 23 ships since its first operation...
2011-03-03 23:04:54
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