Yangzijiang JV for marine electrical systems [Equipment]
Yangzijiang Shipbuilding plans to provide marine electrical systems for shipbuilding by partnering with four other local companies. Jiangsu New Yangzi Shipbuilding, subsidiary of Yangzijiang, has entered into an agreement to form a joint venture ...
2011-02-09 07:07:58
DMHI wins bulkers on its own [Shipbuilding]
Rumania-based Daewoo Mangalia Heavy Industries (DMHI), an affiliate of Korea's Daewoo Shipbuilding & Marine Engineering (DSME), has won some new orders on its own for the first time in two years since the global financial crisis in 2008, showing a si...
2011-02-09 07:02:48
New orders to drop by 25% [Shipbuilding]
The overall new orders of the global shipbuilding industry for this year are expected to decrease compared with last year while Korea's large shipbuilders are likely to still continue a favorable tone in new orders. Son Young-seok, researcher at Seou...
2011-02-09 06:57:34
Hyundai dominates newbuild orders [Shipbuilding]
Korea's Hyundai Heavy Industries is seen to be leading the newbuilding market as it has been carrying out vigorous new order activities since the beginning of the year. With this, some subtle changes are detected in the dynamics of the drillship ...
2011-02-09 06:54:30
Samsung boss eyes better communication [General]
Two-year president of Korea's Samsung Heavy Industries, Roh In-sik, is promoting 'communicative management', facing the New Year. Samsung uncovered newly-designed company website as of the 1st of Feburary at www.shi.samsung.co.kr. Also, it cr...
2011-02-08 12:57:08
Hyundai wins giant heavylift vessel [Shipbuilding]
Korea's Hyundai Heavy Industries revealed today that it has won the world largest heavylift vessel from Netherlands' Dockwise for a price of KRW 265bn ($240m). The ship is the world largest semi-submersible heavylifter, featuring 275 meters in len...
2011-02-08 11:52:56
Mega ship repair yard in Incheon [General]
A ship repair complex, which can accomodate 4,000-ton class ships to be repaired, will be built off the coast of Incheon, Korea. Incheon Regional Maritiem Affairs & Port Office will invest KRW 65bn ($59m) by 2014 to form the ship repair complex f...
2011-02-08 11:22:26
Korean to deliver 7,000 ships [Shipbuilding]
Korea's accumulated newbuilding output is expected to approach 7,000 ships of 300m GT this year. The total of newbuilding output from 1973 to 2009 comes to 5,921 ships of 251.166216m, and considering the industry's estimates, the accumulated deli...
2011-02-08 10:34:41
What to learn from the financial crisis? [General]
At the start of the global financial crisis, and the ensuing economic crisis, shipping and shipbuilding industries seemed to be vulnerable as the orderbook stood at an unprecedented high level of 190m cgt. Many newbuilding orders had not been fin...
2011-02-08 10:21:12
JJ Sietas sees light in special vessels [Offshore]
JJ Sietas in Hamburg, Germany’s oldest existing shipyard, ended building boxships with the delivery of the 1,425-teu Elysee in October 2009. In February 2009, the yard was close to collapse as it was suffering from a heavily shrunken orderbook a...
2011-02-08 09:55:52
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