DACOS embarks on a shipyard construction [General]
According to Chinese press media sources, Chinese DACOS, which is the joint venture in collaboration between COSCO Group and NACKS, appears to embark on a shipyard construction operation. In the first phase of construction, an approximate 10 bill...
2008-08-13 09:44:15
Newbuilding market weakened by seasonal factors [Finance]
Recently, newbuilding market’s movement is reported to have weakened. Given that existing contracts are turned out to be not efficient enough for ramping up the profitability due to the price hike in raw materials, a number of shipbuilders seem ...
2008-08-13 09:34:14
Korean shipping companies thrive in coal shipping market in ... [Shipping]
Korean shipping companies are taking an aggressive attitude to contract with Korean electric power companies for shipping of coal to be used for generating electricity. Japanese shipping companies have dominated the market for the past couple of y...
2008-08-13 09:26:13
Taipower plans to order four Post-Panamax bulkers [Shipbuilding]
According to foreign news sources, Taiwan Power Company (state-owned electric power utility, also known as Taipower) has a near-future plan to place an order for construction of Post-Panamax bulk carriers. Taipower is reportedly negotiating with C...
2008-08-13 09:24:45
Hantong increasingly receives orders for Handymax bulkers [Shipbuilding]
Hantong Ship Heavy Industry, Chinese new shipbuilding company, seems to keep receiving orders for Handymax bulk carriers. According to foreign news sources, the shipyard appears to have received an order for the construction of five bulkers (57,00...
2008-08-13 09:22:49
STX Shipbuilding wins the contract for two Capesize bulkers [Shipbuilding]
STX Pan Ocean decided to order at STX Shipbuilding for the construction of two Capesize bulk carriers. The price of building the ships is known to be $107m per vessel. From the shipping company’s recent announcement of its second quarter busines...
2008-08-13 09:21:47
Aker’s spearhead for a breakup leaked out [Finance]
Measures that Norwegian shipbuilder Aker Yards tries to take regarding South Korean shipbuilding conglomerate STX Group’s takeover deal turns out to be the dismantlement of the group. Aker Yards made it clear on the measures in documents release...
2008-08-12 11:47:46
Volume of orders crimped sharply - Economic outlook stirs up... [Finance]
Korea shipbuilding industry’s prospect ignites controversies. World’s shipbuilding industry’s total volume of order intake in the first half of year plunged sharply compared with the same period of last year. Amid evident signs of shipbui...
2008-08-12 10:01:32
HHI invulnerable to the cancellation of order [Finance]
Hyundai Heavy Industries (HHI, Korea) seems to continue to increase profits in the third quarter. Financial analysts judge, in general, HHI to be not affected at all by the recent cancellations of orders following one after another. According t...
2008-08-12 09:29:33
Chairman of ExxonMobil paid a surprise visit to SHI [General]
“Thank you for having built the LNG carriers ordered by our company so well.” Rex W. Tillerson, Chairman and Chief Executive Officer of Exxon Mobil Corporation (US) on August 6 visited Samsung Heavy Industries’ (SHI, Korea) Geoje shipyard. E...
2008-08-12 09:27:23
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