Ouhua wins max 16 MPP vessels [Shipbuilding]
China's Zhejiang Ouhua Shipbuilding has won an order for eight 31,000-dwt multipurpose vessels for delivery between January and August 2013 from Hong Kong's Swire group’s deep-sea shipping arm, China Navigation Company. The contract, which is v...
2010-12-30 09:08:46
ABS' offshore WT installation guide [Offshore]
US classification society ABS has released a guide to address design considerations for the bottom founded support structure of an offshore wind turbine (WT) situated in tropical storm prone areas on the US Outer Continental Shelf (OCS) such as the G...
2010-12-30 09:01:46
Jobs cut at STX Europe [General]
180 jobs are being cut at STX Europe’s Turku facility in Finland, Juha Heikinheimo, president and chief executive of STX Finland Oy said. These job losses are comprised of redundancies and some employees taking pensions, media reports in Finland...
2010-12-30 08:48:32
Chinese eye wind farm installation ships [Offshore]
Chinese shipyards are negotiating with Beluga Hochtief Offshore to build a pair of wind turbine installation vessels costing around $300m in total. The joint venture shipowner between Hochtief Construction AG and Beluga Shipping GmbH is said to b...
2010-12-30 08:37:47
DryShips' tanker splash, a resale? [Shipping]
Rumours are circulating that links Cardiff Marine to DryShips’ $770m contract to buy 12 tanker newbuildings. DryShips announced last week the acquisition of twelve newbuildings from a “first class Korean shipyard”. Samsung Heavy Industries ...
2010-12-30 08:26:15
Shipbuilders face red light for loans [Finance]
As Korea's financial authorities have decided to fundamentally block banks' loan-tip for a particular business or enterprise, those who have a big amount of credit would find it difficult to get additional loans. Korea's Financial Supervisory ...
2010-12-30 08:04:33
IASB rebuffs Koreans' request [Finance]
Korea's shipbuilding industry is said to have failed in imposing their position on the International Financial Reporting Standards (IFRS) exposure draft on the accounting for hedging activities. With this, countermeasures should be arranged ungently ...
2010-12-30 07:58:15
2010 Top 10 News [Shipbuilding]
■ Big 3's golden section in three indicators Korea's and world's big three shipbuilding companies evenly shared the No.1 position in three shipbuilding indicators; Daewoo Shipbuilding & Marine Engineering for new orders, Hyundai Heavy Industries f...
2010-12-30 07:41:02
STX issues massive promotion [General]
Korea's STX Group, which will celebrate the 10th anniversary of its launch in 2011, has carried out a regular promotion in the largest scale in the company's history for overall 116 executives. In the promotion conducted today, three people were ...
2010-12-29 15:53:04
COSCO: Low cost expansion [Shipping]
Having been hit by financial crisis, the global shipping and shipbuilding market mired in depression since late 2008. The price of newbuilding slumped at the level of 2004. During crisis, COSCO seemed to be silent but recently the company invested...
2010-12-29 12:06:08
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