TS Lines to order boxships from Korea [Shipping]
Recently, Taiwanese TS Lines announced they were negotiating with a Korean shipbuilder to build three-unit 4,700TEU boxships. As is reported earlier, TS Lines was also talking with compatriot CSBC to build serial 1,800TEU boxships. As is revea...
2011-02-28 12:43:02
CSIC: Entering wind power field [General]
The research on Chinese 5mw wind turbine entered countdown stage. In October of this year, the wind turbine produced by China Shipbuilding Industry Corporation (CSIC) would come out. ‘We’re late. But we realize the offshore wind power has grea...
2011-02-28 12:09:13
Vinashin executives handcuffed [General]
One of troublemakers causing Vietnam's economic crisis with poor and reckless management, a state-run shipbuilder, Vinashin Shipyard, eyes some of its executives placed under arrest. According to local reports released on the 24th, the former p...
2011-02-28 11:31:16
Global orders and price both dive [Shipbuilding]
In the first month of this year, global orders and prices both dived. In January, global new orders reached 64 units of 4.2m dwt, 2.8m GRT and 1.5m CGT, diving by 59% against the same period of last year. Clarkson statistics showed in January the ord...
2011-02-28 11:23:09
Daewoo-Mangalia to fund $35m [Finance]
Rumania-based Daewoo-Mangalia Heavy Industries, a fully-owned subsidiary of Daewoo Shipbuilding & Marine Engineering (DSME), is going to securitize account receivable to fund shipbuilding costs. According to securities industries, the yard will raise...
2011-02-28 10:38:58
DaeSun eyes bulkers canceled [Finance]
Korea's DaeSun Shipbuilding & Engineering announced last Friday that it has canceled the newbuilding contract signed with Greece's Perosea Shipping in 2008 to build two 34K bulkers worth $76.9m due to the situation of the shipowner. Also, the y...
2011-02-28 09:56:25
Daewoo, LNG-FPSO ! [Offshore]
Korea's Daewoo Shipbuilding & Marine Engineering made a comment over the newbuilding contract to build a LNG-FPSO for a Malaysia's state-run oil company in the disclosure on the 25th that "the newbuilding contract has not been signed with respect." D...
2011-02-28 09:31:58
Korea may return to No.1 [General]
It is highly expected that Korean shipbuilders will regain the world's first position, beating Chines rivals, as there has been an increasing number of newbuilding orders placed at Korean yards for high value-added ships, such as large containerships...
2011-02-28 07:44:49
Daewoo to meet $15bn orders [Shipbuilding]
Korea's Daewoo Shipbuilding & Marine Engineering is expected to score a maximum of $15bn in new orders for this year. Kim Hong-keun, researcher at Seoul-based Dongbu Securities, says, "Daewoo has been ensured to build a bunch of boxships for Denm...
2011-02-28 07:42:28
Nippon to lift steel prices [Equipment]
The world second largest steel producer, Japan's Nippon Steel, has announced it will advance the price of steel plates used for ships and automobiles by 20% or JPY 20,000 ($244) per ton from April. This seems driven by a rapid jump in raw materia...
2011-02-28 07:40:48
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