Dalian Port abandons two boxships [General]
On December 19th, Dalian Port of China issued announcement that it decided to abandon purchase project for two boxships. The previously collected funds would be used in port construction. Originally, Dalian Port intended to buy two 3,000TEU boxshi...
2010-12-30 13:57:37
Market steps out of recession [Shipping]
Global trade stepped into recovery since 2009. According to Clarkson statistics, the growth of global container trade reached 12.3%, standing at 140m TEU. In 2011, it was expected to reach 154m TEU. The container trade kept two-digit growth for m...
2010-12-30 13:38:05
Chinese output to break 61m dwt [Shipbuilding]
According to statistics from China Association of the National Shipbuilding Industry (CANSI) on December 29th, Chinese shipbuilding output would exceed 61m dwt this year. Meanwhile, the gross industrial output value of Chinese large shipyards sur...
2010-12-30 13:15:03
Hanjin labors in all-night demonstration [General]
1,100 workers at Youngdo Shipyard of Korea's Hanjin Heavy Industries & Construction have started holding an all-night demonstration inside the yard factory from 28th to 31st December. Hanjin Heavy Industries & Construction Branch of the national ...
2010-12-30 11:44:33
Shipbuilding market to keep rising [Shipbuilding]
With a growing expectation for an upturn of the shipbuilding market situation, Korea's shipbuilding stock prices are showing an upward trend just a couple of days before year end. Since going through the dark period of 2009, the shipbuilding indus...
2010-12-30 11:05:09
Posco freezes domestic prices [Equipment]
Korea's giant steel supplier Posco revealed that it had decided to freeze the prices for domestic goods for the first quarter of next year though the raw material prices, such as iron ore, still remain strong. This is because the cost impact trigg...
2010-12-30 10:31:26
Hyundai marks 58% growth in new orders [General]
Korea's Hyundai Heavy Industries revealed that its total of new orders for the first 11 months of this year reached $16.597bn, increasing by 58.2% compared to the total of $10.491bn from the same period of last year. In terms of new order values by e...
2010-12-30 09:45:43
Russian shipbuilding grows fast [Shipbuilding]
The rate of growth in shipbuilding industry of Russia in 2010 is projected at 103.2%, and in the period 2011-2013 the development of shipbuilding is expected at not less than 104-105%, the Russian Ministry of Industry & Trade year-end data said. T...
2010-12-30 09:29:52
German deliveries slump in 2010 [Shipbuilding]
Struggling German shipyards delivered far fewer new ships in 2010 than they have for many years, conceding further market shares to Asia and themselves completing just 30 newbuildings of 783,500 gt. The 2010 figure compares to 44 ships in 2009 and...
2010-12-30 09:25:55
STX orders drillship equip from STEP [Equipment]
STEP Offshore, a wholly-owned subsidiary of Aker Solutions, has won a contract from South Korea's STX Offshore & Shipbuilding to supply equipment for a new, dynamically positioned ultra-deepwater Globetrotter-class drillship. The owner of the ship is...
2010-12-30 09:16:07
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