STX refuses low-price [General]
STX Offshore & Shipbuilding has been afflicted with the aftermath of the defeat in obtaining the new cruiseships, which were highly expected to be built by STX, with its stock prices dropping. However some raise a positive analysis on the STX's f...
2011-02-21 11:19:41
Still hungry for offshore [Offshore]
Raised are some positive outlooks on the shipbuilding and offshore industry for this year. Jeon Jae-cheon, researcher at Seoul-based Daishin Securities, revealed today that there is still a strong expectation for newbuilding orders for offshore pl...
2011-02-21 10:24:17
Hyundai localizes over 98% parts [Equipment]
Korea's Hyundai Heavy Industries seems to be rolling out a very effective new order strategies to create the biggest margin in the shortest time by concentrating on a specific ship type, which stands for competitive advantages. Hyundai's strategi...
2011-02-21 07:42:48
Ship financing to get enhanced [Finance]
The Korean Government will put more stress on the base of the domestic ship financing. Kim Hee-kuk, the second vice-ministrer of Ministry of Land, Transport and Maritime Affairs, remarked last Friday, "We will strengthen the foothold of domestic ...
2011-02-21 07:37:54
International Paint develops eco-paint [Equipment]
It is revealed that the ships sprayed with International Paint's fluor-polymer foul release anti-fouling paint emit less CO2 by 9% on average. According to a report presented by professor James Corbett in a press conference held in London last Thu...
2011-02-21 07:33:48
Bharati plans more yards eastward [Shipbuilding]
India's Bharati Shipyard proposes to build more shipyards on the country's east coast. The company now has six shipyards, five of them on the west coast and one on the east (Kolkata). “Depending on the availability of land, we would like to ...
2011-02-21 07:22:51
Vinashin to review business by mid-year [Shipbuilding]
Vietnam Shipbuilding Industry Group, the state-run company known as Vinashin, plans to present a KPMG LLP report on its business to creditors by mid-year after it missed a payment on a dollar-denominated bank loan. “The business review will help...
2011-02-21 07:08:12
China aims to retain No. 1 [Shipbuilding]
China's shipbuilding industry intends to maintain its current global market share of 40 percent during the next five years, said Zhang Guangqin, head of the China Association of the National Shipbuilding Industry. "To keep such a market share is ...
2011-02-21 07:01:25
VLCC delivery to fall 20% [Shipping]
Norway's Saga Tankers predicted 65 newbuilding VLCCs will be delivered in 2011, 20% fewer than market estimates Oslo-listed Saga Tankers said in its annual report that it has estimated that 65 VLCCs will be delivered this year, significantly fewe...
2011-02-21 06:48:58
Five vie for Canada's $33bn orders [General]
Canada’s government has warned that shipyards bidding for its $33bn array of shipbuilding contracts must be solvent. Quebec’s Davie Shipyards is on a shortlist of five for the naval and coast guard deals, which will be awarded to two yards. ...
2011-02-21 06:42:20
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