Flex rejigs Samsung FLNG orders [Offshore]
Samsung Heavy Industries, South Korean shipbuilder, is giving Flex LNG more leeway on its planned quartet of LNG-FPSOs. Late last month, Flex said it was in talks with the builder to “restructure the commercial relationship” between the two c...
2011-01-07 13:42:38
HMD delivered 500th ship [General]
Korea's Hyundai Mipo Dockyard (HMD) achieved a feat of '500 ship deliveries' 13 years after it launched newbuilding business in 1997. HMD uncovered that it named and delivered, on 6th, one unit named EGS Crest (Hull No. 6043, pictured) of the tr...
2011-01-07 11:32:57
Japan majors made 8% more deliveries [Shipbuilding]
Last year's total of deliveries of Japan's major six shipbuilders was estimated at 124 ships totaling 7.52m GT, increasing by 8% in terms of GT. Also their total of launched ships, which reflects an actual amount of work, jumped by 8% to total 7.4...
2011-01-07 11:00:05
Hanjin resumes new order [Shipping]
Korea's Hanjin Shipping is considering placing new containership orders for the first time in three years and five months, as early as next month. Kim Young-min, president of Hanjin, revealed in the New Year speech hosted by the Korea Chamber of C...
2011-01-07 10:17:21
Class societies keep expanding [General]
Two of the world’s top classification societies have announced further expansion plans in recent days. Nippon Kaiji Kyokai (ClassNK) officially announced the opening of two new exclusive surveyor offices this week in St. Petersburg, Russia; and Col...
2011-01-07 08:49:29
Chinese weather hard times [General]
China's shipbuilders delivered less than 80 percent of their 2010-scheduled orders in the withering global shipping market, said a report from the China Association of the National Shipbuilding Industry (CANSI). A total of 70 million deadweight to...
2011-01-07 08:44:50
VLCC floating storage profitable [Shipping]
A Hanjin-chartered VLCC has picked up a lucrative floating storage contract amid challenging tanker market. Roundhill Chartering has fixed the 308,459-dwt Arion for 10 months at a rate of $33,500 daily, sources say. The contract will keep the ...
2011-01-07 08:37:30
High yen-Steel prices interrupt [Equipment]
Takao Motoyama, chairman of the Shipbuilders' Association of Japan, has pointed out in the recent local interview that both exchange rate and a trend of steel prices are the main issues regarding an outlook on Japan's shipbuilding industry of 2011. J...
2011-01-07 08:19:40
Offshore to lead New Year [Offshore]
World's total of commercial ship newbuilding orders for this year is expected to fall short of 2010's figure. While both containership and LNG ship orders are forecast to increase, bulker orders are seen to drop sharply. Bulker orders would d...
2011-01-07 08:14:42
Polarization to Continue [Finance]
Polarization of Korea's shipbuilding industry since the Lehman Shock is seen to still continue this year. Large shipbuilders achieved excellent results more than what they originally targeted last year with continuing new order intake from the se...
2011-01-07 08:09:14
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