2010: new orders exceed 55m GT [General]
The world's total of new orders from January to September last year was estimated at 1,666 ships totaling 55.55m GT, which was around three times higher than the previous year in terms of GT. According to IHS, bulkers accounted for 60% of the new ...
2011-01-10 11:27:02
Hyundai union stresses service mind [Equipment]
Oh Jong-swae, union head of Korea's Hyundai Heavy Industries, conveyed New Year's speech on 9th January as saying, "we cannot be recognized by the nation unless we respect the union members, make a contribution to our society and serve the nation in ...
2011-01-10 10:20:32
Daewoo collaborates with Chinese [Equipment]
Korea's Daewoo Shipbuilding & Marine Engineering has launched an earnest business diversification by cooperating with China's Rilin Group. Daewoo and Rilin Group revealed that they signed a comprehensive MOU over ship repairing, wind turbine and n...
2011-01-10 09:50:16
Brightoil expansion backed by bank [Finance]
Brightoil has signed a cooperation agreement with China Development Bank in a bid to fund its $4bn expansion drive. In a statement, Brightoil explains the five-year deal includes potential funds for tanker purchases, letters of credit for its pet...
2011-01-10 08:28:35
Conrad nets new orders [General]
US shipyard Conrad Industries announced that it has secured contracts for the construction of four 16,000-barrel LPG tank barges, six deck barges and a crane barge. The new deals bring Conrad’s backlog to $92.8m, a $6.7m increase compared to fi...
2011-01-10 08:24:01
Beluga to order cable-layer [Offshore]
Germany's Heavylift-carrier specialist Beluga is poised to ramp up its involvement in the burgeoning windfarm-installation market by ordering its first cable-laying ship as it starts to build an offshore fleet. Company boss Niels Stolberg says th...
2011-01-10 08:18:40
Taizhou Sanfu pens MPP pair [Offshore]
China's Taizhou Sanfu Ship Engineering has inked two 18,000-dwt multipurpose (MPP) ships with Swiss Cargo Line (SCL) Reederei. The vessels are due for delivery from mid-2012. Market players reckon they will cost between $25m and $26m each. Sou...
2011-01-10 08:10:19
Daewoo prospects $11bn sales [Shipbuilding]
Korea's Daewoo Shipbuilding & Marine Engineering is forecast to approach KRW 12trn ($11bn) in sales, making the second highest record in history. The securities industry expects Daewoo's sales to stand at KRW 11.873trn and operating profit to be ...
2011-01-10 07:30:59
Samsung sales target at $12bn [Shipbuilding]
Korea's Samsung Heavy Industry is seen to hit its highest in sales this year, passing its sales target of KRW 13trn ($12bn). The securities industry expects Samsung's sales target to be KRW 13.9trn and operating profit to be KRW 1.13trn. Sams...
2011-01-10 07:28:25
Korean to win back No.1 [General]
Korea's shipbuilding industry is believed to win back the world‘s No.1 position this year after it was defeated by its Chinese rivals in the main three indicators of the shipbuilding industry last year. Chinese yards started to get ahead of Kor...
2011-01-10 07:25:02
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