Japan sees increasing dollar payment [Finance]
As a high yen continues, Japan's shipbuilders are increasingly accepting dollar payment for newbuildings. In the case of Mitsui Engineering & Shipbuilding, 70% of its new orders had been paid in yen over the last three years, but the payment has b...
2010-12-20 08:22:43
Japanese orders decrease [Shipbuilding]
Japan's total of export ship contracts for November was estimated at 22 vessels totaling 317,000 CGT, decreasing by 20% against the previous month. This poor performance was mainly driven by a high yen standing at the 80 yen level against the dol...
2010-12-20 08:16:59
Hanjin plans 2nd massive layoff [General]
Korea's Hanjin Heavy Industries & Construction, which carried out a large-scale restructuring in the beginning of the year, is planning to make another restructuring against 400 employees, creating a strong opposition from its union members. Han...
2010-12-20 07:37:30
Mega boxship orders burst out [Shipbuilding]
In a flood of new orders for boxships placed in the end of the year, future additional newbuilding orders are highly expected. Choi Kwang-sik, a researcher at Seoul-based LIG Investment & Securities, analysed as saying, "mega containership newbu...
2010-12-20 07:29:28
NGV Tech & Daewoo win naval vessels [General]
Malaysian shipbuilder NGV Tech has signed a contract with Korea's Daewoo Shipbuilding & Marine Engineering to construct two 250-foot training and patrol vessels for the Malaysian navy. “In the period of 24 months, we will collaborate to design, ...
2010-12-20 07:21:11
Vietnam produces 1st electric cables for ships [Equipment]
The Middle Area Construction and Shipbuilding Industry Company (Macshinco), an affiliate of Vinashin Group, officially handed over 20 tonnes of ship electric cables to the Saigon Shipbuilding Industry Corporation on December 16 at the Hoa Khanh Indus...
2010-12-20 07:16:03
STX OSV books OSCV [Offshore]
STX OSV Holdings has won a newbuilding contract for an offshore subsea construction vessel worth NOK600m ($101m). The company declined to disclose the identity of the buyer. The vessel, which lifts the shipbuilder’s order backlog to 51 ship...
2010-12-20 07:12:31
Croatian yard Kraljevica sold to local [General]
A local company has won the auction for state-owned Croatian shipbuilder Kraljevica. No price was given for Zagreb-based Jadranska Ulaganja’s acquisition of the struggling yard, which was a key requirement for Croatia being able to join the Eur...
2010-12-20 07:07:40
Ulstein wins two PSV's [Offshore]
Norway's Ulstein Verft was recently contracted to build two medium-sized platform supply vessels of Ulstein´s PX121 design for a newly established company in Ulstein Group. The vessels will be delivered in Q1 and Q3 2012. Gunvor Ulstein, CEO o...
2010-12-20 07:04:55
Van Oord orders 2nd dredger [Equipment]
Van Oord, a marine contractor of the Netherlands, has ordered a second self-propelled cutter suction dredger at IHC Merwede. This new vessel will be a sister to the Athena, the self-propelled cutter suction dredger that is already under construct...
2010-12-20 06:59:42
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