STX OSV books another PSV [Offshore]
Norway's STX OSV Holdings, which was recently listed in Singapore, announced that it has secured a new contract for the design and construction of a platform supply vessel of PSV 09 design for an undisclosed international customer. The vessel is ...
2010-12-14 07:17:05
Samsung pens 8,000TEUs [Shipbuilding]
Chilean liner operator CSAV returned to Samsung Heavy Industries for more post-panamax newbuildings. It has taken a two plus two option deal at the South Korean shipbuilder. The South American firm is paying $90m per 8,000-teu ship. The tw...
2010-12-14 07:13:04
Hyundai inks 13,200TEUs [Shipbuilding]
Germany's Hapag-Lloyd says it is ready to invest in future growth after ordering an order for four 13,200-teu containerships at Hyundai Heavy Industries (HHI). The liner giant has also agreed to upgrade to the same capacity six of the 8,749-teu b...
2010-12-14 07:06:51
Rongsheng gains $120m credit line [Finance]
On December 9th, Agricultural Bank of China (ABC) signed strategic cooperation agreement with Jiangsu Rongsheng Heavy Industries Group. ABC would provide CNY8.0bn ($120m) credit line to Rongsheng. It was the largest credit line amount for Rongshe...
2010-12-14 01:12:37
Jiangsu shipbuilding bottom rebounds [Shipbuilding]
According to official statistics, China’s No.1 shipbuilding province, namely Jiangsu Province, experienced bottom this year. From January to October, Jiangsu took 378 orders of 19.03m dwt totally. It rose by 374.6% and occupied 18.1% of global m...
2010-12-14 01:12:02
SWS output breaks 7m dwt: New record [Shipbuilding]
On December 11th, Shanghai Waigaoqiao Shipbuilding (SWS) refreshed Chinese shipbuilding record. As delivery ceremony was held, SWS delivered a 176,000dwt Capesize bulk carrier to Foremost Group. As a result, the annual output of SWS totaled 7.06m...
2010-12-14 01:11:06
Hyundai expects earnest recovery in 2011 [Shipbuilding]
Korea's Hyundai Heavy Industries (HHI) revealed it expected an earnest recovery of new orders from next year. Song Jae-hak, a researcher at Woori Investment & Securities, showed his prospect that the shipbuilding industry would see positive sides...
2010-12-13 12:42:33
Yangfan won 30 ships in 2010 [Shipbuilding]
Yangfan Group, China's private shipbuilding group, revealed it had added seven vessels to its new orders including bulkers of 34,800-dwt class, its combined new orders for January - November 2010 totaling 30 vessels with bulkers as a main figure. ...
2010-12-13 10:41:20
Shipbuilders enter high cost era [Shipbuilding]
Currently the influence of global financial crisis still existed. Considering CNY appreciation, labor cost rising, low ship price and new shipbuilding standards, actually the shipbuilding industry has entered high cost era. In this case, the survi...
2010-12-13 10:15:10
Chinese banks: Long way to go [Finance]
‘As a large shipbuilding country, Chinese banks occupied just 5% of global ship finance market. Fortunately it was changing. Meanwhile, the structure of ship finance was becoming diversified’, said Lin Shunhui who was Vice President of China Cons...
2010-12-13 10:14:32
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