Boxship delivery slippage to continue [Shipping]
Delivery slippages for newbuilding containerships will play a crucial role in 2011 as the industry continues to recover after the collapse in trade two years ago that left trade volumes lagging way behind ship capacity, Clarksons Research Services se...
2011-02-07 07:16:53
Hyundai firms up four drillships [Offshore]
Korea's Hyundai Heavy Industries has won the fourth firm drillship order this year as Diamond Offshore Drilling exercised an option for a second deepwater drillship. The Houston-based driller contractor said the second drillship is scheduled for ...
2011-02-07 07:03:44
Chinese new orders triple [Finance]
The total of new orders of the Chinese shipbuilding industry for 2010 was estimated at 75.23m DWT increasing about three times against the previous year. This is the second highest record in history following its peak in 2007. According to the ...
2011-02-07 06:55:06
Hyundai-Vinashin to deliver 11 [General]
Hyundai-Vinashin Shipyard is expected to see an increase in newbuilding deliveries this year by about two times against last year to 11 ships. The yard built its first newbuilding of a 56K bulker in 2009, delivering two ships in the same year and...
2011-02-07 06:49:19
RG rate cuts required [Finance]
The recent dramatic increase in the insurance rates of Refund Guarantee (RG) is putting shipbuilders into a more difficult situation while they are seeking to take off again with a recovery in new orders. According to industry sources, the Export-...
2011-02-07 06:43:39
Hanjin, results plummet [General]
Korea's Hanjin Heavy Industries & Construction is believed to see a greater deterioration in the results of last year with its Youngdo yard winning no new orders. The yard has revealed that last year's sales dropped by 14.6% from KRW 3.2276trn (...
2011-02-07 06:38:10
Samsung-Hyundai vie for No.1 [Equipment]
Korea's Samsung Heavy Industries and Hyundai Heavy Industries are engaging in a fierce battel to take the number one position in new orders and orderbook. According to the Clarkson Research Services, Samsung reserved 200 ships on its orderbook to...
2011-02-07 06:30:36
Sumitomo wins aframax pair [Shipbuilding]
Japan's Sumitomo Heavy Industries revealed that it had won two aframax tankers in the ship sector as it announced its results from April to December 2010 on 31st January. This is the yard's first new order for newbuildings in two years. The yard h...
2011-02-01 13:45:16
Hyundai-Vinashin made 2011's first delivery [Shipbuilding]
Korea's Hyundai-Vinashin Shipyard has announced that it recently held two naming ceremonies. One was held on the 26th of January for the seventh unit named 'ER Basel' of the 10 bulker-series of 56,000-ton class ordered by Germany's ER Schiffahrt...
2011-02-01 13:10:02
Increasing dollar payment in Japan [General]
It seems rapidly increasing that Japanese shipbuilders are paid newbuilding prices in dollar instead of yen. According to Japan Ship Exporter's Association (JSEA), the dollar payment accounted for up to 40% of the whole contracts during the secon...
2011-02-01 12:31:15
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