Hyundai makes world record in deliveries [General]
Korea's Hyundai Heavy Industries has confirmed its No.1 status in the world's shipbuilding industry again by having delivered overall 1,700 ships so far - the world record. Hyundai announced today that it has made the world record in the total n...
2011-01-31 11:52:23
Doosan, operating profit 97.6% up [Finance]
Korea's Doosan Engine, which went public on the 4th of January, made a successful turnaround last year in net profit during the term. Doosan announced last Friday that its operating profit increased dramatically last year by 97.6% year-on-year to KRW...
2011-01-31 11:13:53
New partner for Hanjin's newbuilding order [Shipbuilding]
Korea's Hanjin Shipping has found a shipowner, which will place newbuilding orders for four 3,600-teu boxships on behalf of Hanjin. According to foreign reports, the Hanjin's newly found partner is Singapore's Pacific Shipping Trust, which will orde...
2011-01-31 10:28:54
KSEG sings $150m export contract [Equipment]
The joint brand, KSEG (Korea Shipbuilding Engineering Group), formed by some Busan-based small- and medium-size shipyards and marine- and harbor-related enterprises has made an export contract worth $150m. The authority of Busan city has recently rev...
2011-01-31 10:11:22
Big4 running for 20,000TEU class [Shipbuilding]
It seems to happen that a 20,000-teu class ultra large container ship (ULCS) will appear in the market as early as 2014. Korean big four - Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering and STX Offsho...
2011-01-31 09:37:16
Vinashin PCTC pair cancelled [General]
Norway's car-carrier operator Hoegh Autoliners is reportedly in the process of cancelling an order for two large car carriers at Vinashin. The 7,000-ceu ships were among four sisterships ordered in 2006 for slightly less than $65m per ship. The...
2011-01-31 08:57:01
Kyokuyo wins long-awaited new order [Shipbuilding]
Japan's Kyokuyo Shipyard Corporation has won newbuilding orders for the first time since the global financial crisis. The shipyard won two multi-purpose ships from an unidentified shipowner. Delivery is set for the second half of 2012 and newbu...
2011-01-31 08:28:39
HMD inks bitumen carriers [Shipbuilding]
Hyundai Mipo Dockyard has won two additional 6,000-dwt bitumen carriers from Dutch shipowner Vroon. They are due for delivery in March 2012. The owner had ordered four same-type ships at the Korean yard early last year for delivery this year. ...
2011-01-31 08:16:27
Vinashin bounces back [Finance]
Vietnam's near-bankrupt shipbuilder Vinashin has gradually bounced back after four months of restructuring. All of its businesses, including shipbuilding, sea transport and subsidiary industries, had been back on their right track, the report mad...
2011-01-31 08:09:56
Keppel increases Subic yard stake [Finance]
Singapore’s Keppel Offshore & Marine has added to its holding in Philippines subsidiary Subic Shipyard & Engineering. Its Keppel Philippines Marine yard has paid PHP 584.8m ($13.2m) for 89.6m shares owned by the Philippines government, equal to...
2011-01-31 08:02:31
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