Daewoo targets $11bn in 2011 [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering, the world's 3rd-largest shipbuilder, aims to secure $11bn in new orders next year, a spokesperson said on Monday. Nam Sang-tae, chief executive of the South Korean shipbuilder, also told reporters on last ...
2010-12-27 08:53:38
MAN wins propulsion deal in China [Equipment]
MAN Diesel & Turbo won a deal to provide the twin screw propulsion plants for two rescue vessels recently ordered in China. The two ships are building at CSSC GuangZhou HuangPu Shipbuilding for two of the Chinese Ministry of Transport’s rescue b...
2010-12-27 08:45:54
SITC orders more boxships in Japan [Shipping]
SITC International Holdings Co, China’s No. 3 container shipping line in terms of foreign trade, has ordered two more container feederships at an unnamed shipyard in Japan. The two 1,100-teu ships are costing $39.6m in total and are due for deli...
2010-12-27 08:42:04
Evergreen Marine appoints new boss [General]
Evergreen Marine Corporation has promoted Anchor Chang to the position of president in a reshuffle. In a statement to the Taipei Stock Exchange Evergreen said Chang, who is not related to company founder Chang Yung Fa, would replace Wang Chung-ji...
2010-12-27 08:36:10
Otto in dispute over AHTS delay [Offshore]
Singapore shipbuilder Otto Marine has invoked arbitration procedures over the second vessel in the series of four large anchor handlers for Mosvold Supply, which should have been delivered by the end of June. The move is related to the expiry of ...
2010-12-27 08:28:44
Surge in offshore plant orders [Offshore]
The oil and gas field development that had been postponed are increasingly resuming again as the oil price is rapidly climbing. Under the situation, the offshore plant market is expected to expand to the largest scale in history next year. As ...
2010-12-27 08:15:39
2011: Shipbuilding in the uptrend [Finance]
The shipbuilding industry is expected to continue its upward trend all the way to next year. Lee Seong-hwa, a director of business analysis at Hyundai Securities, stated in the recent investment seminar, "although the upswing momentum of the shipb...
2010-12-27 08:07:26
Big3 make golden section [General]
At the time of the end of the year, Korea's big three shipbuilders share the top spot of the shipbuilding industry's three main indicators. In terms of new orders, Daewoo Shipbuilding & Marine Industries has taken the No.1 position following last...
2010-12-27 08:02:37
Selective & Intensive Strategy Needed [General]
The newbuilding market has been continuing a steady upturn since this year, raising expectations for next year. In particular, Korea's big four - Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering and STX ...
2010-12-27 07:28:41
Vinashin defaulted on loan [Finance]
Nearly-bankrupt Vietnamese shipbuilder Vinashin has defaulted on a loan to international lenders and told them it will pay only interest, the Wall Street Journal reported Friday. Citing a person familiar with the matter, the paper said Vinashin (V...
2010-12-27 07:19:54
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