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Weak dollar affects Asian yards
[Shipbuilding]
With a fall expected in contracting levels for bulkers and tankers next year, demand is the determining factor in setting newbuilding prices but currency values also look set to play an increasingly important role if the US dollar remains weak agains...
2010-12-22 07:39:38
Norwegian set up Brazil unit
[General]
Norway’s Havyard Group has launched a new outfit in Brazil. Havyard South America Ltda will focus on delivering Havyard’s vessel designs, services and equipment to customers in the Brazilian market, says Havyard chief information officer Gunn...
2010-12-22 07:29:22
S&M yards to break through
[General]
The shipbuilding market was stepping out of depression since the beginning of this year. However, the polarization became a serious problem. According to statistics from China Association of the National Shipbuilding Industry (CANSI), more and mo...
2010-12-21 11:48:07
Offshore wind power team sets up
[Offshore]
Korea's Ministry of Knowledge Economy launched a 'offshore wind power team' last Thursday, which is wholly charged in developing a offshore wind power complex in the southwest coast area, for Korea to jump to be one of the world's three offshore wind...
2010-12-21 11:46:55
China: New threat & only way
[Shipbuilding]
Global shipbuilding market was severely hit during financial crisis. The shipyards commonly came across delivery delays, order and finance drought. In spite of such negative factors, as is reported earlier, the output of China’s Shanghai Waigao...
2010-12-21 10:59:31
Mingde signed 2+2 PSVs
[Shipbuilding]
In December, China’s Mingde Heavy Industry signed two plus two PSVs with Norwegian BOA Offshore AS. It was Mingde’s first offshore ship order. The LOA of the ship reached 95.36m, with 21m in breadth and 9.1m in depth. The design draft achieved...
2010-12-21 10:59:08
Hanjin faces a general strike
[General]
Metal workers' union of Korea's Hanjin Heavy Industries & Construction Branch launched a general strike yesterday, after holding a press conference, with some political parties and civic communities against company's restructuring plan for 400 worker...
2010-12-21 10:19:22
Unavoidable delay in M&A
[General]
Some legal battles seem to happen in the process of the sale of Hyundai Engineering & Construction (HEC) in Korea. Therefore, several large enterprises including Daewoo Shipbuilding & Marine Engineering (DSME) and Hynix Semiconductor, which were s...
2010-12-21 08:55:09
Big three to see better results
[Finance]
Korea's big three shipbuilders - Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering - are expected to continue their upward trend well into next year. Jeon Jae-cheon, researcher of Daishin Securities, s...
2010-12-21 08:50:53
Christmas gifts from Germany for Samsung
[General]
German shipping company Peter Doehle sent 31,800 bottles of wine, named Calicanto, to all workers at Korea's Samsung Heavy Industries (SHI) for Christmas gifts. Calicanto was made from the grapes harvested from Peter Doehle-owned farm in Chile. ...
2010-12-21 08:46:03
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