Rongsheng: Never regret! [Shipbuilding]
Chen Qiang, who was Chairman of Jiangsu Rongsheng Heavy Industries Group, had abundant experience of shipbuilding. Five years ago, he established Rongsheng with his great ambitions. Nowadays, Rongsheng became China’s largest private shipbuilder and...
2011-02-17 14:29:10
Japan permits 20 ships [Shipbuilding]
Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has reported that the total of the newbuilding permits during the January of 2011 came to 20 ships of 970,000 GT, falling short of 1m GT for the first time in two years and six mo...
2011-02-17 12:41:27
Wartsila develops low-speed gas engines [Equipment]
Wärtsilä has, in the autumn of 2010, initiated a major project to further develop its low-speed engine portfolio to include gas engines, alongside its medium-speed dual fuel engines, as part of the company's strategy. A new test engine ...
2011-02-17 12:25:28
High won & steel price good for Korean [Equipment]
It is raised that the strong won and advance of raw material prices would bring positive impacts to Korea's shipbuilders. Choi Kwang-sik, researcher at Seoul-based LIG Investment & Securities, explains that the strong won and rise of raw material...
2011-02-17 12:03:38
Hanjin faces growing conflict [General]
The management and labor union of Korea's Hanjin Heavy Industries & Construction are getting into the phase of very acute conflicts over the recently carried out layoff, suing each other of various reasons and going through lawsuits. The managem...
2011-02-17 11:34:30
Steel price 66% up [Equipment]
The shipbuilding industry seems to soon face a new phase as raw material prices including steel are expected to increase dramatically this year. According to the Clarkson Research Services, the steel price is likely to rise by up to 66% versus th...
2011-02-17 10:58:27
STX Europe wins a research ship [Offshore]
STX Finland, subsidiary of STX Europe, won a fisheries research vessel from the Namibia Government at a price of EUR 35m ($48m) on the 11th of February. The newly ordered ship features 62 meters long with a passenger capacity of up to 45 people an...
2011-02-17 10:02:15
HHI chairman Min steps down as CEO [General]
Hyundai Heavy Industries Chairman Dr. Min Keh-sik, who has been chief executive of HHI for ten years is stepping down from the representative director position. According to Hyundai, the company held a board of directors meeting on February 15th a...
2011-02-17 08:28:08
STX beefs up ship-block production [General]
Korea's ship-block maker, Hyuk Shin (HSME), which STX Offshore & Shipbuilding has recently taken over, held an inauguration ceremony in its headquarters located in South Gyeongsang Province, Korea, yesterday with around 100 participants including som...
2011-02-17 07:54:55
Korean runnig first by high-tech [Shipbuilding]
Korea's shipbuilders fell behind Chinese rivals in terms of new orders and deliveries during the January of 2011. However Korean yards are to stretch out differentiated new order strategies centering on eco-friendly and high value-added ships bas...
2011-02-17 07:50:50
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