Sevmash appeals to court [General]
Russia's Sevmash shipyard is fighting the decision a fortnight ago by a compatriot court to award in favour of Norwegian owner Odfjell to the tune of some $47m over the axing of tanker newbuildings. On 10 December a state commercial court in Arkh...
2010-12-28 08:13:11
Hyundai, No to Low Pricing [General]
As Korea's Hyundai Heavy Industries showed the highest growth in the stock prices this year among the country's top 10 conglomerates, many are paying attention to the background of the growth. Shipbuilding players suggested two reasons including;...
2010-12-28 07:31:52
SAJ urges steel price cut [Equipment]
Takao Motoyama, chairman of the Shipbuilders' Association of Japan (SAJ) and, at the same time, Mitsui Engineering & Shipbuilding, revealed his plan to require price cuts from Japan's large steel companies, in SAJ's regular meeting last Tuesday. ...
2010-12-28 07:21:17
Offshore plant orders to hit $21.5bn [Offshore]
The shipbuilding stock prices are surging rapidly as new order values of offshore plants as well as commercial ships are increasing. Jeon Jae-cheon, researcher of Seoul-based Daishin Securities, gave an analysis yesterday as saying, "the developm...
2010-12-28 07:16:07
Shipbuilders upgrade PLM system [Shipbuilding]
Korea's large shipbuilders are actively engaging into establishing the next generation PLM system (Product Lifecycle Management) to improve their global competitiveness. The system aims not only to shorten the time spent on ship designing but als...
2010-12-28 07:07:38
Mitsubishi delivered 20% more [Shipbuilding]
Japan's Mitsubishi Heavy Industries revealed last Monday that its newbuilding deliveries (except for naval vessels) of the year reached 24 ships totaling 1,397,766 GT by increasing 20.9% in GT terms and six ships in vessel terms as compared with las...
2010-12-27 12:34:35
Rise in oil boosts shipbuilders [Finance]
The shipbuilding shares showed a bullish market during the last week while the overall stock market got its breath. One of the main reasons for the strong shipbuilding stock prices is an increasing expectation that the shipbuilding market situatio...
2010-12-27 11:49:05
Long way to be winner [General]
In spite of amazing achievements in recent years, Chinese shipbuilding industry still had a long way to go, especially in high added value ships. Lots of shipyards were still ‘Ship-hull builders’. The Japanese and Korean experts indicated that...
2010-12-27 10:29:47
Brazil: To be No.2 again! [Offshore]
As is reported earlier, Brazilian President Lula said 82 commercial ships were being built in Brazil now. In coming years, Brazil would build another 150 ships. He said Brazil was strongly supporting its own shipbuilding industry. In the 1970s’,...
2010-12-27 10:29:41
Psychological crisis? [Finance]
It is over two years since financial crisis broke out. In the view of shipbuilding industry, China, Japan and Korea were all hit by severe blow. However, the bankruptcy stream and market shuffling didn’t occur as they had been thought except th...
2010-12-27 10:26:27
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