Japan delivers 24 ships in Nov. [Shipbuilding]
Japan's 52 major shipyards built 24 ships of 1.05m gt worth JPY 107.9bn ($1.3bn) in November 2010, according to the statistics compiled by the Ministry of Land, Infrastructure, Transport and Tourism. They also set to construction of 33 ships of 1....
2011-01-13 08:12:18
Daewoo backlog down [General]
Daewoo Shipbuilding & Marine Engineering's order backlog stood at $33.8bn as of the end of December 2010, down $1bn from a year earlier. Newbuilding orders it secured last year came in at 78 vessels worth $10.3bn, the fourth largest level ever. ...
2011-01-13 08:00:10
Nordic in a new pool [Shipping]
Nordic Tankers has continued its expansion drive under the control of Clipper after teaming up with Womar on a new pool venture. Copenhagen-listed Nordic says the latest tie-up with Womar boosts its fleet to around 100 vessels as it continues a p...
2011-01-13 07:52:37
Chinese BC deliveries hit 40m dwt [Shipbuilding]
Chinese shipyards built more than half of the record 78.3m dwt of bulker newbuildings that was delivered worldwide last year. An increasing number of new facilities ramped up capacity, and a total of 40.1m dwt of bulkers were built by Chinese in 2...
2011-01-13 07:49:31
Hanjin notifies layoff [General]
Korea's Hanjin Heavy Industries & Construction submitted a layoff list including 290 production workers to Busan Ministry of Employment and Labor yesterday morning. It also sent the layoff notice to the 290 workers by mail. The number of 290 ...
2011-01-13 07:30:45
2012 to plummet [Finance]
2012's management performance of Korean shipbuilders is prospected to be most gloomy because of the lowest new orders and vessel prices in 2009 and 2010. This is because shipbuilders see their business performance two or three years after they wi...
2011-01-13 07:26:05
Urgent need for ship financing [Finance]
Many point out that Korea's shipbuilding industry needs more active ship financing to shake off the hot pursuit of Chinese rivals and to ensure the world No.1 position. The great performances of Chinese yards last year were rooted in supporting ov...
2011-01-13 07:22:38
Daewoo rolls out mammoth FPSO [Offshore]
Korea's Daewoo Shipbuilding & Marine Engineering has succeeded in building the world's largest scale of Floating Production Storage & Offloading Unit (FPSO). Daewoo held a naming ceremony for the FPSO yesterday. The ceremony was attended by N...
2011-01-13 07:18:59
Keppel ups stake in Subic yard [Finance]
The Philippines government expects Keppel Philippines Marine Inc. (KPMI) to acquire its stake in a shipyard in Subic. Department of Finance Undersecretary John Philip Sevilla told reporters that KPMI would “most likely grab” the opportunity of in...
2011-01-13 07:11:16
Daewoo targets $6bn in offshore [Offshore]
Orders for offshore vessels and platforms are set to make up over half of all new orders at Daewoo Shipbuilding & Marine Engineering (DSME) this year. Soaring energy prices are set to push oil majors into increased orders for newbuildings at the ...
2011-01-13 07:05:20
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