Yard polarization to be resolved? [General]
Many are paying attention to seeing if the polarization of the domestic shipbuilding industry will continue this year. Korea's large shipyards won considerable amount of new orders last year, surpassing their annual new order target whereas most ...
2011-01-05 07:11:32
Korean retake No.1 [Equipment]
Many raise a prospect that Korean shipbuilders, which have been quantitatively no match for Chinese yards, would beat Chinese counterparts to take the world No.1 position with future environment regulations being enhanced and high oil prices continui...
2011-01-05 07:07:29
Full-scale upturn in 2011 [Shipbuilding]
Many prospect an earnest boom would continue this year while Korea's shipbuilding industry has shown an upward trend since last year after struggling in severe recession in 2009. As the shipbuilding market has been reorganized centering on high t...
2011-01-05 06:58:53
Daewoo targets over $11bn in sales [Finance]
Nam Sang-tae, president of Korea's Daewoo Shipbuilding & Marine Engineering (DSME), remarked, "group's total sales of this year would exceed KRW 13trn ($11.6bn)." He uncovered in New Year's address that "in terms of this year's business target, th...
2011-01-04 12:43:17
Doosan Engine surges on KRX debut [Equipment]
Doosan Engine, the world's second-largest marine engine maker, surged on its trading debut in Seoul today as increasing world trade stokes demand for new ships. The company gained as much as 33% from the sale price of 19,300 won and traded at 24,0...
2011-01-04 12:31:31
Samsung tips cutthroat competition [Shipbuilding]
Roh In-sik, president of Korea's Samsung Heavy Industries, prospected an acute competition between shipbuilders as saying, "because of mushroomed building facilities of each yard in the world, a cutthroat competition is expected between shipyards for...
2011-01-04 11:47:40
Hyundai wins New Year's first order [Offshore]
Korea's Hyundai Heavy Industries signed a contract to build a high price drillship, starting a smooth sailing for achieving 2011's new order target. Hyundai has made the contract for one drillship worth about $590m with a world-class crude-oil an...
2011-01-04 09:59:49
Daewoo builds nine best ships [General]
Korea's Daewoo Shipbuilding & Marine Engineering (DSME) is continuing its reputation as the best shipbuilder, turing out highly-qualified vessels. Nam Sang-tae, president of DSME revealed two of Daewoo-built ships were chosen to be 2010's best ve...
2011-01-04 09:43:08
Drydocks ends year on high note [Finance]
A high-level naval delegation led by Commodore Shaikh Saeed bin Hamdan bin Mohammed Al Nahyan, Deputy Commander, UAE Navy, has visited the Dubai Maritime City and Drydocks World's facilities in Dubai, which has witnessed a huge success in 2010. Th...
2011-01-04 08:43:33
Hellas owners reclaim No. 1 in S&P [Equipment]
Eased ship financing environment coupled with low ship prices resulted in a busy year in terms of secondhand vessel acquisitions in 2010. After a one-year break during 2009, Hellenic shipowners regained the number one status of ship investors, surpas...
2011-01-04 08:39:03
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