Hyundai's drillship counterattack [Offshore]
Korea's Hyundai Heavy Industries is staging a vigorous new order activities from the beginning of new year, attracting industries' eyes. According to the industry sources, shipbuilding players are paying sharp attention to Hyundai's future moveme...
2011-01-17 06:42:26
NTC: Saving fuel oil cost! [Shipping]
Traditionally, the fuel oil cost was the main expenditure of shipping companies, no exception for China’s Nanjing Tanker Corporation (NTC). As lots of new VLCC and MR tankers into operation, the fuel oil cost became the headache for NTC graduall...
2011-01-17 01:00:04
CSBC intends for outsourcing [Equipment]
As revealed earlier, Taiwanses CSBC recently sent a delegation to Fujian Province of China. The delegation might visit some shipyards in Fujian, including Xiamen Shipbuilding, Yifan, Baima, Funing, and FSIGC. The cooperation between CSBC and shipy...
2011-01-17 00:59:36
China takes opportunity along with risk [Finance]
Currently the financial crisis passed but the influence still existed. Meanwhile, the ship price was hanging around low level. How will it be in future? Anyway, in China the development of high-grade offshore plant manufacturing was strongly suppo...
2011-01-14 14:06:42
ICBC Leasing keeps expansion [Finance]
In spite of ship price touching bottom, China’s ICBC Leasing still kept expanding. On January 12th, ICBC Leasing took delivery of a 57,000dwt bulk carrier. The ship would be chartered by compatriot partners. ICBC established finance leasing ...
2011-01-14 13:33:39
Posco steel plate sales drop [Equipment]
Korea's steel giant Posco saw a 2.2% drop only in steel plates while all of the other products showed an upturn in sales last year. Main reasons for the drop are analyzed as follows; shipyards' diversified purchasing lines, Hyundai-Steel's enteri...
2011-01-14 12:34:31
Shanghai scores 2.09m GT [Shipbuilding]
China's state-run Shanghai Shipyard has announced its total of new orders of last year stood at 2.09m GT. It won 42 ships including bulkers, boxships and multi purpose cargo carriers. With this, its orderbook holds 61 ships of 3.37m GT, expan...
2011-01-14 11:52:20
Jinhai won 30 ships in 2010 [Shipbuilding]
China's private-run Jinhai Heavy Industry has announced it won two panamax and three capesize bulkers in late 2010. With those new orders, Jinhai came to the total of 30 ships of 3.03m DWT in new orders of last year and 101 ships of 14.20m DWT on...
2011-01-14 11:25:45
Rongsheng gains CNY10bn from CEB [Finance]
On January 13th, Rongsheng Heavy Industries Group signed strategic cooperation agreement with China Everbright Bank (CEB). CEB would offer credit line to Rongsheng, as more as CNY10bn ($1.5bn). In witness of the ceremony, Chairman Guoyou of CEB, V...
2011-01-14 10:50:43
Daewoo urges speedy M&A [General]
Nam Sang-tae, president of Korea's Daewoo Shipbuilding & Marine Engineering, expressed his difficulties caused by a delay of sale over Daewoo in a press conference held in Okpo shipyard on 12th January. He said, "M&A has the biggest psychological...
2011-01-14 10:33:29
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