China to deal with oversupply [Shipbuilding]
Everyone was talking about oversupply but nobody could tell how oversupply was specifically. The oversupply of Chinese shipbuilding industry was related with not only itself but also the growth of global shipping trade in future. Currently, China,...
2011-02-16 12:50:25
Hyundai wins design award [General]
Korea's Hyundai Heavy Industries is recognized for highly-advanced industrial design, turing out the biggest number of award-winning works among domestic enterprises in the world's most prestigious international design competition. Hyundai-develo...
2011-02-16 12:41:29
Chinese new orders hit 167 in Jan [Shipbuilding]
In January, the newbuilding price of Chinese tankers and bulk carriers both dived while Panamax boxship showed slight rise. The amount of Chinese newbuilding orders reached 167 units, increased by 7.05% against a month earlier. The bulk carrie...
2011-02-16 12:23:31
COSCO: To enter Chinese top club [Shipbuilding]
There is a small nameless island in Dalian of China but it might become well-known as a ship launched. A deep sea drilling ships was being built in a 300,000tons dock of COSCO Shipyard on the island. The value of the ship reached over $500m. It was s...
2011-02-16 11:49:42
Hyundai-amco to construct repair complex [General]
Korea's Hyundai-amco announced yesterday that it has won ship repair yard complex construction project worth $130m from the Turkmenistan Government. The ship repair yard complex won by Hyundai-amco in cooperation with Hyundai Corporation will be form...
2011-02-16 11:43:05
IHI wins a newbuild [Shipbuilding]
Japan's IHI announced yesterday that IHI AMTEC under the umbrella of IHIMU has won one marine environment vessel from Japan's Ministry of Land, Infrastructure, Transport and Tourism. The newbuilding contract was singed last month for about JPY 1bn ($...
2011-02-16 11:13:34
Japan's new orders of Jan. hit peak [Shipbuilding]
Japan Ship Exporter's Association (JSEA) reported yesterday that Japan's export ship orders during the January of 2011 hit the peak with 28 ships totaling 1.5m GT for the first time in seven months since last June when they made the highest record si...
2011-02-16 10:50:11
Ship-fund authorized [Finance]
Korea's Ministry of Land, Transport and Maritime Affairs (MLTM) announced yesterday that it authorized 'high gold ocean 2 ship investment company' to raise funds by offering shares for public subscription on the 14th of January. The ship-fund aim...
2011-02-16 09:58:40
Hyundai Samho wins sextet [Shipbuilding]
Korea's Hyundai Heavy Industries publically disclosed yesterday that it is not true that Hyundai has won 10 containerships of 8,800 TEU for around $1bn. "Hyundai Samho Heavy Industries, subsidiary of Hyundai, has signed a newbuilding contract to buil...
2011-02-16 09:53:09
Korean recover from 'Snow Bomb' [General]
Shipbuilders in South Korea are roaring back to life after a record snowstorm forced an early shut-in of operations. Staff at Ulsan-based Hyundai Heavy Industries and Okpo-based Daewoo Shipbuilding & Marine Engineering stopped work one hour earli...
2011-02-16 08:21:09
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