STX wins wind vessel [Offshore]
STX Offshore & Shipbuilding has won an order for a wind turbine installation vessel from London-based Gaoh Offshore. The UK firm has signed the letter of intent (LOI) with the Korean yard group. The deep-water installation vessel will be built ...
2011-02-08 07:33:05
TSA requires newbuildings [Shipping]
The Transpacific Stabilisation Agreement (TSA) group of containership lines needs newbuildings to cope with rising US demand this year. The recovery in the Amercian economy will lead to a “traditional third quarter peak season” that should se...
2011-02-08 07:25:47
Hanjin ready for normalization [Finance]
Philippine-based Subic and Busan-based Youngdo shipyards of Korea's Hanjin Heavy Industries & Construction are coming back to the normal in terms of company operation. Han Young-su, analyst at Seoul-based Samsung Securities made an assessment on ...
2011-02-08 07:17:21
Hyundai inks 9,300-teu sextet [Shipbuilding]
Korea's Hyundai Heavy Industries has signed new contracts to build six containerships of 9,300 TEU with Germany's Bernhard Schulte and Israel's Ofer Brothers. The world No. 2 container shipping company, MSC has already made a long-term charter co...
2011-02-08 07:09:36
Korean win 320 ships [Shipbuilding]
The total of domestic major shipbuilders' new orders for last year came in at 320 ships of 8.16m CGT worth $19.1bn. Based on the nine member companies of the Korea Shipbuilders' Association (Koshipa), 2010's overall new orders increased sharply b...
2011-02-08 06:56:29
Hyundai wins super heavylifter [Offshore]
Hyundai Heavy Industries has been selected to build Dockwise’s new giant heavylift vessel. It is due to be delivered in the last quarter of 2012. The total cost of the vessel including all project and design costs, is expected to be about $...
2011-02-07 13:05:14
Busan to lift ship financing [Finance]
The authority of the city of Busan in Korea is planning to lift the market share of the global ship financing by up to 3% by 2020 from 2009's share of 0.12% through forming the development base of a ship financing-specialized 'financial center'. ...
2011-02-07 12:41:38
Korean developing anti-pirate system [Equipment]
The recently increasing cases of pirate kidnapping are leading Korea's shipbuilders to come forward to develop anti-pirate systems. First, Hyundai Heavy Industries has created 'citadel system' as one part of anti-pirate systems. The system ke...
2011-02-07 11:37:31
Orderbook dropping, Scrapping rising [Shipping]
While the total of the global orderbook decreased by almost 20% last year with deliveries making the highest record, the scale of old-ship scrapping also remained at the highest level since 2008. At the end of 2010, the overall global orderbook ...
2011-02-07 10:32:09
Hanjin sees 210 voluntary retirees [General]
Korea's Hanjin Heavy Industries & Construction, which is undergoing labor-management conflict caused by the large-scale layoff against 400 workers, has gained 210 voluntary retirees in total so far. Hanjin revealed last Wednesday that it addition...
2011-02-07 09:46:17
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