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Shipbuilding
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Lloyd Fonds buys back boxships
[Finance]
Lloyd Fonds has laid down nearly $30m to invest in two container vessels which were taken over by banks as part of a restructuring earlier this year. Its swoop is the first of many planned deals which will see the finance house buy into ships it ...
2010-12-29 08:24:06
China to deliver 61m dwt newbuilds
[Shipping]
From Jan to Nov this year, China's shipbuilding output was 56.76m dwt, a 55.4% increase year-on-year, according to the latest report of the China Association of the National Shipbuilding Industry (CANSI) released yesterday. Full year output is ex...
2010-12-29 08:17:18
Vietnam extends loan to Vinashin
[Finance]
The Vietnamese government said it will provide no-interest loans to pay workers’ salaries and health insurance at a state-owned shipbuilder Vinashin that defaulted last week on the first payment due on a major foreign loan. The state-owned shipb...
2010-12-29 07:36:22
"Hanjin will save Youngdo at any cost!"
[General]
Korea's Hanjin Heavy Industries & Construction management revealed its stance on the recent workforce restructuring in the shipbuilding sector yesterday. Hanjin announced its staff reduction plan against 400 production workers in the shipbuilding...
2010-12-29 07:26:02
Chinese plates attack Korean market
[Equipment]
Korea's shipbuilders seem to be expanding the imports of steel plates from China as they desperately need to reduce production cost with the ship prices staying in the 60% level of the highest point. Since Chinese steel plates are more than $100 ...
2010-12-29 07:15:53
Hyundai to stay in high margin
[Shipbuilding]
Korea's Hyundai Heavy Industries is seen to keep relatively higher margins than its rivals' all the way to next year. Goldman Sachs, a full-service global investment banking and securities firm, revealed Monday, "Hyundai is increasing high-margin...
2010-12-29 07:07:45
Rising ship orders boost steel industry
[Equipment]
As it is heard that Korean shipbuilders are continuously winning fresh orders for newbuilds, domestic steel manufacturers are making a big smile. The increasing new order intake of shipbuilders helps dispel steel businesses' concerns about overs...
2010-12-28 15:05:07
Global ship finance totals $108bn
[Finance]
München-based Roland Berger recently expressed that according to investigations on German shipping industry, global ship finance value it EURO80bn ($108bn). From the conversations with bankers, global economy faded in 2008. The financial cris...
2010-12-28 14:17:11
Samsung wins Evergreen's 30 ships?
[Shipbuilding]
Korea's Samsung Heavy Industries is expected to win new orders for another 10 8,000-teu boxships in ealry next year following having received new orders for 20 8,000-teu boxships from Evergreen this year. If so, Samsung will build all of the 30 8,...
2010-12-28 13:07:23
Samsung, one of 100 technical leads
[General]
Korea's Samsung Heavy Industries has announced it was chosen to be one of 'Korea's 100 Technical Leads' for its shipbuilding technology of a LNF-FPSO and other technology related to the convergence and complex of LNG plants and high value-added ships...
2010-12-28 12:01:04
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