Samsung 13,100TEU's secure loans [Finance]
United Arab Shipping Co has secured newbuilding financing for last three boxships out of nine-ship series on order in Korea. The Kuwaiti owner has bagged another $302m loan facility to add to financing of over $1bn secured last year to complete f...
2011-02-16 06:43:08
Maersk inks jack-up rigs [Offshore]
Maersk Drilling has ordered $1.2bn jack-up rig newbuilding pair at Keppel FELS of Singapore. The Danish offshore arm of the AP Moller Maersk Group says it expects the first rig to hit the water at the end of 2013 with the second unit following se...
2011-02-16 06:34:21
Longxue: New beginning [Shipbuilding]
On February 11th, in China’s Longxue Shipbuilding Base, a 230,000dwt VLOC and a 82,000 bulk carrier came out of docks which was the first time to see two large ships above 80,000dwt launched on the same day, in the history of South China Shipbuildi...
2011-02-15 16:36:57
Zhoushan: To face labor shortage [Shipbuilding]
As larger demands for labor force in West and Central area of China, the situation seemed serious in Chinese coastal areas like Zhoushan especially the period after Chinese Spring Festival. As a result, the shipyards located in Zhoushan tried all mea...
2011-02-15 14:56:23
Shanghai: 1m output time comes [Shipbuilding]
Statistics from China State Shipbuilding Corporation (CSSC) showed the shipbuilding output and gross industrial output volume of shipyards in Shanghai broke through 13m dwt and CNY70bn ($10.5bn) respectively, which contributed a lot to CSSC in the pa...
2011-02-15 14:13:07
Container charters recover [Shipping]
The containership charter market situations have turned into a growing tone since late 2010. For the 4,250-teu class panamaxs, dealmaking prices surpass the $25,000 mark, and even the charter rates of the high $20,000s are being offered. Howe...
2011-02-15 12:38:47
Hyundai raises KRW 30bn [Finance]
Korea's Hyundai Heavy Industries (HHI) will raise fund of KRW 30bn ($27m) for R&D with Korea's Small & Medium Business Administration (SMBA) to strengthen the competitiveness of small and medium enterprises. HHI held a 'private-public cooperative ...
2011-02-15 11:59:25
Hanjin finally terminates 172 [General]
Korea's Hanjin Heavy Industries & Construction has finally fired 172 blue collar workers while the management is still on conflicts with the labor union. Hanjin revealed today that the final layoff targets have come to 172 workers, except for the...
2011-02-15 11:51:11
Green light for Dongkuk [Equipment]
Thanks to the improvement of shipbuilding market conditions, Korea's Dongkuk Still Mill is expected to stabilize the production and sales of ship plates. According to industry sources, 2010's overall plate consumption of Korea's big four shipbuil...
2011-02-15 11:13:22
Keppel wins 4+4 Jack-up rigs [Offshore]
Singapore's Keppel has won two newbuilding contracts from America's drilling-specialized Hercules Offshore and from America's Ensco to build two jack-up rigs respectively. The two newbuilding contracts include two optional vessels respectively as...
2011-02-15 10:11:29
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