Japanese offer plate price beyond $1,000 [Equipment]
Japan's steelmakers are expected to offer prices beyond USD 1,000 per tonne FOB when they start negotiations this week on their export deals of ship plates for shipments to South Korea in the April to June 2011 quarter, TEX reported. If the offer...
2011-03-01 07:58:32
Hyundai scores $4bn orders in Jan. [Shipbuilding]
Hyundai Heavy Industries announced Monday that it has reaped KRW 2.179trn ($1.932bn) in revenue and $3.959bn in new orders for January this year. Revenue was 19.8% higher than a year earlier of KRW 1.819trn and order intake skyrocketed 319.8% from...
2011-03-01 07:29:33
Vinashin steel project cancelled [Equipment]
Vietnamese government has cancelled plans for a $9.8bn Ca Na steel plant that is a joint venture between state-owned shipbuilder Vinashin and Malaysia’s Lion Group. The shipbuilder is saddled with a $4.5bn debt as a result of ineffective invest...
2011-03-01 07:18:53
IHI joins forces with Jurong [Offshore]
Japan's IHI Corp has forged a partnership with Jurong Shipyard in Singapore to build drilling rigs. IHI will handle the design and construction of the rigs at its Aichi shipyard, while Singapore's Jurong will add the drilling kit. Japan's Nik...
2011-03-01 07:12:47
Orders to double for Doosan [Equipment]
Korea’s Doosan Engine said new orders may double this year as owners start ordering newbuildings again. The world’s second-largest ship engine maker said fresh contracts may climb to KRW 1.8trn ($1.6bn) in 2011, from KRW 890bn last year. ...
2011-03-01 07:08:07
Korea Line wields axe [Shipbuilding]
In court documents issued alongside its Chapter 15 filing in the US, Korea Line Corp says it had 11 vessels on order at the end of 2010. “Construction of two of the vessels has been discontinued by agreement,” KLC said without disclosing deta...
2011-03-01 06:58:31
Tanker agony continues [Shipping]
Time charter rates for dirty tankers will fall to eight-year lows this year, as high numbers of newbuildings trading negate the affects of improved oil demand, said New York-based tanker broker and consultancy Poten & Partners. Suezmax, aframax an...
2011-03-01 06:45:45
Daesun wins bulker [Shipbuilding]
Daesun Shipbuilding & Engineering has won a bulker order just days after losing two ships in an order cancellation. The Korean shipbuilder said the new vessel is worth $26m, but did not give any further details. On Friday it said Greece’s P...
2011-03-01 06:37:13
COSCO Nantong pens drilling rigs [Offshore]
Oslo and New York-listed rig owner Seadrill announced that it has placed an order for two tender rigs at COSCO Nantong Shipyard in China with delivery expected in the first and third quarter of 2013, respectively. Total project price is estimated...
2011-03-01 06:30:11
Sungdong loads out its 100th ship [Shipbuilding]
Korea's middle-standing shipbuilder, Sungdong Shipbuilding & Marine Engineering, loaded out its 100th newbuilding to the floating dock on the 26th over four hours. The 100th 180,000-dwt bulker, the world's largest one among those which are built ...
2011-02-28 12:54:56
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