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HMD prospects stable new orders
[Shipbuilding]
Korea's Hyundai Mipo Dockyard (HMD) is expected to smoothly attain this year's new order target of $3.3bn. Seoul-based SK Securities said yesterday that HMD would not have difficulties achieving $3.3bn in new orders. Lee Ji-hoon, analyst of S...
2011-01-21 06:46:00
New challenger for offshore: Hyundai Samho
[Offshore]
Korea's Hyundai Samho Heavy Industries is entering into the offshore plant market in a full scale, getting out of a single business portfolio of shipbuilding. Oh Byeong-uk (pictured), representative director and president of Hyundai Samho, has re...
2011-01-21 06:40:27
Hyundai's Green Energy Drive
[General]
Korea's Hyundai Heavy Industries (HHI) is putting spurs to its newly established 'green energy' business division. Kim Gwon-tae, head of operations of the green energy division and vice president of HHI, said yesterday, "Hyundai aims to attain KRW...
2011-01-21 06:34:14
Rongsheng installs 1,600-ton goliath
[Equipment]
China's biggest private-run shipyard, Jiangsu Rongsheng Heavy Industries, has installed the world's largest-grade 1,600-ton goliath crane on its 4th dock, investing overall CNY 115m ($17m). The crane features 202 meters in span and 80 meters in h...
2011-01-21 06:29:34
CSIC targets $27bn new orders
[Finance]
China's CSIC (China Shipbuilding Industry Corporation) has set a new order target of the whole group to CNY 180bn ($27bn) for 2011, which is a more than 10% increase on CNY 161bn of new orders from last year. CSIC's business results stayed in dou...
2011-01-21 06:25:18
Daewoo on the verge of M&A
[General]
Korea's Daewoo Shipbuilding & Marine Engineering (DSME) seems to reappear on a large-scale M&A market soon. According to industry sources and some financial institutes on 19th, forming is the mood, 'announcement of the sale of DSME seems on the v...
2011-01-20 11:18:22
2010: 24 FPSO orders
[Offshore]
In 2010, 24 FPSO orders were signed, up to the level of pre-crisis time. During 2005 to 2008, the annual average orders of FPSOs reached 26 units. From 4th quarter of 2008, the figure began slumping while recovered from the second half of 2009. Th...
2011-01-20 10:42:10
Hanjin collects 141 voluntary resignations
[General]
Korea's Hanjin Heavy Industries has accepted additional voluntary resignations from 31 workers of the layoff targets. With this, Hanjin will carry out terminating 259 workers out of its original layoff targets of 400 employees except for the volu...
2011-01-20 10:31:58
Samsung delivers largest boxship
[Shipbuilding]
Korea's Samsung Heavy Industries held a delivery ceremony for the Korea-built largest containership, 'CSCL Star' and sent it to its owner, China Shipping, on 15th January. The world's largest boxship is 14,100 TEU with 366.1 meters in length and ...
2011-01-20 10:11:09
929 ships canceled in 2010
[Shipbuilding]
The total cancelations of newbuilding contracts during the year 2010 are estimate at 929 ships, increasing by almost two times on 482 ships from the previous year. In terms of ship types canceled during last year, bulkers account for 529 units of...
2011-01-20 09:54:08
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