GAYA, MVP for Samsung [General]
Tongyoung-based GAYA Heavy Industries located in the Anjeong National Industrial Complex won the MVP in the subcontractors apprehensive assessment awards hosted by Korea's Samsung Heavy Industries on the 10th of February 2011. Samsung conducts ge...
2011-02-11 12:50:53
HNA involves ship finance chartering [Finance]
Grand China Logistics, well-known as the owner of China’s Jinhai Heavy Industry which was one of Chinese leading private shipyards said its parent company, namely Hainan Airline (HNA) began involving ship finance chartering. Currently HNA was si...
2011-02-11 12:27:43
Nuclear-powered tanker on development [Equipment]
Good news is heard that nuclear-powered tanker, which does not cause any CO2 emissions while ships sailing, is being developed. The nuclear energy is widely used for only military vessels, not for private ships yet, so London-based Lioyd's Registe...
2011-02-11 12:21:52
Korean hold technical priority [General]
There is an interesting issue rising recently about the gap in new orders between Korea and Japan. Japanese shipbuilders argue that their relative weakness in new order intake when compared with Korean rivals is caused by 'currency competitiveness...
2011-02-11 11:49:26
Big scale scrapping for capes [Shipping]
It is strongly expected that the volume of capesize bulkers to be demolished will hit the highest in history this year. The Clarkson Research Services expects 2011's total of capesize bulkers to be scrapped to reach 38 ships, which is a more than...
2011-02-11 11:09:55
Yangzijiang wins 4,800TEU quartet [Shipbuilding]
China's private-run Yangzijiang Shipbuilding has won four 4,800-teu boxships from Germany's Hansa Treuhand without delivery schedule and newbuilding prices undiscovered. Two of the quartet are the changed ship type from 4,250-teu class that the s...
2011-02-11 10:27:13
STX wins kamsarmax quartet [Shipbuilding]
Korea's STX Offshore & Shipbuilding was awarded four kamsarmax bulkers (83,000 -ton class) worth around $160m from an Asian shipowner on the 4th of Feburary. The newly ordered quartet will be 229 meters in length, 32 meters in breadth and 20.2 met...
2011-02-11 10:03:05
Hitachi Zosen net profit down [Finance]
Japan's Hitachi Zosen recorded a reduced net profit in the first three quarters of this financial year. Net profit for the nine months to the end of December was JPY 8.3bn ($101m), down 10% as compared a year earlier. Revenues rose appreciabe ...
2011-02-11 07:50:06
Wartsila picks new CEO [General]
Construction executive Bjorn Rosengren is now the new president and CEO of Finnish engine maker Wartsila. Rosengren, born in 1959, will join on 1 September when incumbent Ole Johansson retires. The new boss is currently senior executive vice pres...
2011-02-11 07:43:11
Bergen in the red [Finance]
Norwegian shipbuilder Bergen Group posted a loss of NOK 4m ($687,881) in the fourth quarter of last year. Bergen saw revenue slump from NOK 1.27bn to NOK 811m year-on-year after income at its shipbuilding division was cut in half. With income fal...
2011-02-11 07:38:51
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