Daewoo to produce first wind tower [Equipment]
Korea's Daewoo Shipbuilding & Marine Engineering announced yesterday that it will launch the first production of wind turbine towers at its manufacturing plant of wind turbine tower and blade located in Pictou County, Nova Scotia, Canada in May. ...
2011-02-25 10:17:37
Rolls-Royce in £50m anchor handling order [Equipment]
Rolls-Royce, the global power systems company, has been awarded a contract by STX OSV Trading to supply technologically advanced anchor handling systems. The equipment will be installed on three vessels operated by offshore services company Norsk...
2011-02-25 08:32:34
HHI CEO moves to Group Chairman [General]
Min Keh-sik, chairman and former CEO of Hyudai Heavy Industries (HHI), is going to be appointed HHI Group Chairman. The group explains that "We have expanded our range of affiliates through M&A, so needs to systematize new businesses. For the fas...
2011-02-25 07:52:47
Korean speeding up new orders [Shipbuilding]
Korea's shipbuilders have been accelerating a new order rally to meet their new order target, centering on high value-added ships since the beginning of the year. The combined new order target for this year of Korea's top seven shipyards has bee...
2011-02-25 07:48:32
Daewoo hopes another 10 boxships [Shipbuilding]
Korea's Daewoo Shipbuilding & Marine Engineering seems to obtain optional 10 boxships of 18,000 TEU with ease from Denmark's AP Moller-Maersk no later than May. Nam Sang-tae, president of Daewoo remarked in the CEO's meeting of the shipbuilding i...
2011-02-25 07:44:55
Morgan raises China shipbuilding [Finance]
The world's largest financial service and investment bank, America's Morgan Stanley, has recently raised ratings on China's shipbuilding industry. The bank prospects that the situation with recovered global economy and the lowest interest, which has ...
2011-02-25 07:41:46
Chinese upgrade shipbuilding-tech [Shipbuilding]
Chinese shipbuilders, who used to flood the market with a huge amount of newbuildings, are increasingly moving to high value-added ships that require high technology, threatening Korean counterparts. China's Yangzijiang Shipbuilding is the strong...
2011-02-25 07:39:18
German yards win cruise orders [Shipbuilding]
German shipyard Blohm+Voss (B+V) secured work worth upward of $25m to modernise Crystal Cruises’ 2003-built flagship Crystal Serenity. Another German yard Neptun Werft won an order from A-ROSA to build two more river-cruise vessels. Crystal ...
2011-02-25 07:31:17
Grindrod re-signs axed tankers [General]
South African shipowner Grindrod, which cancelled five tanker orders at a Chinese yard last year, has now reinstated two of the axed quintet. Clarksons still lists Grindrod’s tanker subsidiary Unicorn Shipping as expecting seven 16,500-dwt produ...
2011-02-25 07:20:07
Vietnam owner hunts newbuild cash [Finance]
Trai Thien USA is seeking newbuilding funds to complete the acquisition of six mini-bulkers on order in Vietnam. The affiliate of Vietnam’s Trai Thien Group says it has already paid $17m in pre-payments towards the purchase of a series of 7,600...
2011-02-25 07:09:25
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