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Offshore
Shipbuilding
Equipment
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Shipping
General
Market Information
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Offshore wind to outweigh shipbuilding
[Offshore]
Britain, which leads the world's offshore wind market, currently produces 1.3GW of power through the offshore wind, but aims to reach 14GW by 2015 and 48GW by 2020. Chu Gyu-ho, the Korean Ambassador to Great Britain, recommends that Korea's shipb...
2011-03-03 23:01:10
Hyundai enters sub-sea business
[Offshore]
Korea's Hyundai Heavy Industries is pushing for a deep-sea oil drilling and production facility business. Lee Jae-sung, president of HHI says, "Besides our existing floating plant business, such as an FPSO, we will promote a still unknown 'sub-sea...
2011-03-03 22:59:29
Universal builds new-type ships
[Shipbuilding]
Japan's Universal Shipbuilding will extend its shipbuilding range to the ship types the yard has not built to grab new orders. The yard will be flexible in new order talks for all kinds of capesize ships, not only for its staple item, 200,000-dwt...
2011-03-03 22:58:23
China's DDHI & GSI win offshore vessels
[Shipbuilding]
China's DaoDa Heavy Industry Group(DDHI) and Guangzhou Shipyard International (GSI) have jointly won two semi-submersible barges of 50,000 DWT plus one optional ship from Fairstar of the Netherlands. DDHI has already succeeded in building 30,000-dwt ...
2011-03-03 13:57:23
Automobile-engines work for ships
[Equipment]
Lee Chang-hee, head researcher of the comprehensive institute of technology of Korea's STX Group, is developing eco-friendly ship-engines with changing his way of thinking that automobile-engines can be applied to ships. As he finds out no differ...
2011-03-03 11:38:04
KLC still in loss
[Shipping]
Korea Line Corporation (KLC) announced two days ago that it saw an operating loss of KRW 171.4bn ($153m) last year mainly due to the world's economic recession and the downturn of shipping market situations. KLC also made a loss of KRW 424.6bn in the...
2011-03-03 10:48:38
Price nego btwn Korea & Japan
[Equipment]
While Korean shipbuilders and Japanese steel producers are staying in a bitter tug-of-war over the negotiation of steel prices, the results of the negotiation seems to have a great influence on the size and time of the price increase of Korean steel...
2011-03-03 10:32:56
Shipbuilding may see long-term slump
[Finance]
Rising is a big concern about the stock prices of the shipbuilding industry as the Shipbuilding Industry Index (KRX Shipbuilding) dropped by 14.6% with the Korea Composite Stock Price Index (KOSPI) also decreasing by 6.3% during February. The shipbui...
2011-03-03 09:59:22
TTS wins PCTC Ro/Ro equip orders
[Equipment]
Sweden's TTS Marine AB has won two contracts to supply RO/RO equipment to four car carriers. The first contract is with Hyundai Heavy Industries for delivery of cargo access equipment to two newbuildings, hull no 2399 and 2400. The vessels are 6,5...
2011-03-03 08:22:22
Hanjin names first VLCC
[Shipping]
Hanjin Shipping’s first owned tanker was named “Hanjin Ras Tanura” yesterday. Attending the naming ceremony held at Hyundai Heavy Industries in Ulsan, Korea, Joo-sik YOON, Deputy President of Hanjin Shipping commented, “We are very pleased...
2011-03-03 08:15:44
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