Samsung builds Stena tankers in China [Shipbuilding]
South Korea's Samsung Heavy Industries is said to be in negotiation for up to 10 handysize products tankers for Stena Bulk of Sweden. Stena was planning to order six 38,000-dwt ships with options for another four. Samsung, which has close tie...
2011-01-17 08:25:00
New Century plans Hong Kong IPO [Finance]
Chinese shipbuilder New Century Shipbuilding plans to raise US$500 million-US$800 million in an initial public offering ahead of a listing in Hong Kong in the first half, two people familiar with the situation said Friday. New Century submitted an...
2011-01-17 08:14:48
Drydocks & DNV cooperate [General]
Drydocks World and DNV have entered into a cooperation agreement focusing on innovation and operational efficiency. DNV will provide technical assistance to Drydocks World’s innovative projects, and support the yard with technical expertise in conv...
2011-01-17 08:12:14
Kawasaki eyes LNG-FPSOs [Offshore]
Japan’s Kawasaki Heavy Industries (HKI) is planning a move into the LNG-FPSO market. Japan's local newspaper, Nihon Keizai Shimbun, reported on 14th January that Kawasaki Heavy Industries is soon launching a LNG-FPSO building project to produce ...
2011-01-17 08:09:04
Norwegian to order 10 LNG carriers [Shipping]
Norwegian shipowner IM Skaugen is looking to order further LNG carriers. Oslo-listed IMS says it will control a fleet of six LNG capable vessels by the end of the year but expects the number to reach ten if it is able to secure a fresh source of...
2011-01-17 08:05:54
New orders to Jump to 35m cgt globally [Shipbuilding]
Global new ship orders may rise 4 percent this year to the highest since 2008 as economic recovery drives demand for consumer goods and fuel, according to estimates South Korea’s industrial ministry released on Thursday last week. New vessel con...
2011-01-17 07:24:13
"Difficulties ahead" [General]
Oh Byeong-uk, chairman of the Korea Shipbuilders' Association (Koshipa) and president of Korea's Hyundai Samho Heavy Industries, made a statement in New Year's speech. "I would like to ask all of you for your constant challenge and passion for th...
2011-01-17 07:06:04
IHIMU looking for a way out [General]
Japan's IHIMU, shipbuilding subsidiary of IHI Corporation, is promoting cooperation projects with foreign shipyards. Besides the MOU with Taiwan's CSBC for technological collaboration, the yard is now reviewing another cooperation projects with e...
2011-01-17 07:02:01
IFRS deals little blow to Korean [Finance]
An analysis was raised that the debt ratios of Korean shipbuilders would not increase rapidly because of an implementation of IFRS (International Financial Reporting Standards). Korea Ratings (KR) conducted an analysis on finance of Korea's Big 4...
2011-01-17 06:57:18
Hudong inks four LNG carriers [Offshore]
Japan's MOL is the first foreign shipping company, which has placed new LNG carrier orders at a Chinese yard. MOL has ordered four LNG carriers, which are supposed to be put into American oil major Exxonmobil's LNG export project to transport LNG...
2011-01-17 06:48:28
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