JES catches nine bulkers [Shipbuilding]
China's JES International Holdings has won a total of nine bulkers from three shipowners recently. Singapore's Wilmar has exercised options for three 82,000-dwt bulkers at the shipyard, each valued at over $32m, for delivery in 2012. China Min...
2011-02-01 07:16:29
Daewoo re-enters trillion club [Finance]
Korea's Daewoo Shipbuilding & Marine Engineering returned to the 'KRW 1trn ($892m) club of operating profit' last year after two years since 2008. Daewoo achieved KRW 1.0111trn of operating profit last year increasing by 47.7% versus the previou...
2011-02-01 06:52:08
Orders rise to normal [Shipbuilding]
The world's total of newbuilding orders for 2010 was estimated at 1,758 ships (33.8m CGT, 120.7m DWT and 71.1m GT) increasing by 75% on 1,006 ships (14.4m CGT, 52.8m DWT and 29.8m GT) from 2009. This is a 135% increase in CGT, 129% in DWT and 138...
2011-02-01 06:38:25
Boxship market: Next peak to come [Shipping]
London-based BIMCO currently announced that the new orders from boxship owners were reduced by 21%, hitting 3.9mTEU. Considering serious oversupply, it seemed as good news. However, experts said Maersk would order 18,000TEU boxships soon, which m...
2011-02-01 01:46:13
Shipping market: Gradual recovery [Shipping]
More or less, people exaggerate the influence triggered by financial crisis on global shipping market. Actually the market depression basically ended in summer of 2009. As the worst time passed, global economy stepped into recovery road. The bulk ...
2011-02-01 01:43:47
Zhanhua: To rise again [Offshore]
Chairman Kang Xuezeng of China’s Shanghai Zhenhua Heavy Industries said last year Zhenhua occupied 76% of global port machinery market. In this year, the target focused on $4.0bn contract value and CNY20bn ($3.0bn). Kang Xuezeng expressed last y...
2011-02-01 01:42:55
Big-ships, Big-clients & Big-cooper. [Shipping]
The shipping industry seemed to be stepping out of nightmare of financial crisis. On January 20th, a maiden voyage ceremony was held in Shanghai, for a boxship named MV CSCL STAR. This is the largest boxship delivered in China since financial crisis ...
2011-01-31 14:04:09
Yizheng: Stepping up to 2m dwt level [General]
Yizheng was located in Jiangsu Province of China, well-known as a shipbuilding base, especially inland ships. In 2010, Yizheng delivered 208 ships of 2.26m dwt, rising by 72.2% against a year earlier. It occupied 10% and 3.5% of Jiangsu and nation...
2011-01-31 13:14:46
SWS refreshes Chinese record [Equipment]
On January 21st, Shanghai Waigaoqiao Shipbuilding (SWS) delivered two-unit 176,000dwt Capesize bulk carriers. So far, the output and delivery volume of SWS in January reached 1.001m dwt, which refreshed Chinese monthly output and delivery record. ...
2011-01-31 12:44:36
Daewoo wins a deep-sea drillship [Offshore]
Korea's Daewoo Shipbuilding & Marine Engineering (DSME) has won an ultra deep-sea drillship - the first new order for this year. Nam Sang-tae, president of DSME, announced today that Daewoo has signed a new order contract with America's Atwood Oc...
2011-01-31 12:04:02
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