DSIC inks VLCCs + aframaxes [Shipbuilding]
China Shipping Development Hong Kong, the Hong Kong-listed arm of China Shipping Development Corp (CSDC) announced that it has signed contracts with CSOC and Dalian Shipbuilding Industry Corp (DSIC) to build two 320,000-dwt VLCCs at some $96m each an...
2010-12-23 07:35:46
Stronger recovery next year [General]
The new orders have returned to the level of 2006 this year with the ship price having rebounded and the industry having passed the toughest time. On December 21st, Chinese analyst Yu Aibin from Guosen Securities said in an investment summit that ...
2010-12-23 01:08:07
Chinese yachts enter world’s top10 [General]
As Chinese economy grew fast, it entered ‘post-automobile time’. Secretary Zheng Weihang of CCYIA indicated if Chinese government issued relevant policies as soon as possible, Chinese yacht economy would keep development on highway. On Decembe...
2010-12-22 14:33:15
Mitsubishi delivers 24 ships [Shipbuilding]
Japan's Mitsubishi Heavy Industries revealed last Monday its newbuilding output for 2010 stood at 24 vessels totaling 1,397,766 GT by increasing 21% as compared to last year in terms of GT. In terms of the total of newbuilding output by each yard of ...
2010-12-22 12:19:47
Hyundai sets up green energy division [General]
Korea's Hyundai Heavy Industries is going to establish a new division in full-charge of the renewable business including solar and wind power, etc. Hyundai will separate the solar and wind power businesses, which are focused areas as a new growt...
2010-12-22 11:54:55
It’s time to order ship now? [Shipbuilding]
Chinese ship orders showed upturn this year. The orderbooks of some yards were extended to 2012 or 2013. Secretary Wang Jinlian of China Association of the National Shipbuilding Industry (CANSI) said the shinning statistics of this year could not ...
2010-12-22 11:46:46
Samsung and KOSEP export wind turbines [General]
Korea's Samsung Heavy Industries and Korea South-East Power Co. (KOSEP) will export large-scale wind turbines to Macedonia. Both companies revealed last Monday that they had signed an investment letter of intent for a large-scale wind power const...
2010-12-22 10:52:43
Bloodier fight to come [Shipbuilding]
As Christmas came, European market was becoming pals. The global shipbuilding market also showed downturn. Last week 12 ships were signed, ten of which were boxships. Considering the status of global shipbuilding market 2010, we found that global ...
2010-12-22 10:17:19
Daewoo pens five 55K cargo carriers [Shipbuilding]
Korea's Daewoo Shipbuilding & Marine Engineering has added five more newbuildings to its orderbook. In Norway on December 20th, Daewoo signed a contract with Saga Shipholding Norway AS to build five 55,000-dwt Open Hatch General Cargo Carriers. ...
2010-12-22 09:24:40
Cosco Shipping rights offering approved [Finance]
A rights offering by Cosco Shipping has been approve by Chinese regulators. The Chinese shipowner said it received approval from the China Securities Regulatory Commission to sell 393m shares through a rights offer, according to an exchange filin...
2010-12-22 09:06:35
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