Hyundai delays 13,100TEU's [Shipbuilding]
Korea’s Hyundai Heavy Industries (HHI) is postponing the delivery of eight containerships at the request of Germany's Nordcapital. The yard group said an unnamed European company has pushed back completion of the order to 29 June, 2012, from 31...
2010-12-20 06:53:37
Rugao eyes No.1 shipbuilding city! [General]
Rugao, a city of Jiangsu province, China, where Rongsheng Heavy Industries Group is located, intends to establish world class low-carbon and green shipbuilding and offshore manufacturing base. In other words, Rugao is ambitious to become China’s...
2010-12-17 15:02:55
Blue Marine selling newbuildings [Shipping]
Korea's shipping newcomer Blue Marine — which was established by private savings and investment bank Solomon Saving Banks — has sold three of 12 newbuildings it ordered at domestic shipyards. The Busan-based savings bank had set up Bl...
2010-12-17 12:33:42
Jinhai inks capesize BC [Shipbuilding]
China’s Jinhai Heavy Industries has won an order for a capesize from Safe Bulkers. The Zhoushan-based shipyard has been commissioned by the New York-listed bulker specialist to build the 180,000-dwt vessel for delivery in 2012. Last week, S...
2010-12-17 12:22:13
Rongsheng, The Fastest! [Shipbuilding]
It was known that the orderbook of China’s Rongsheng Heavy Industries Group occupied China’s No.1 and world’s No.5. Planning to be a world-class shipbuilder, Rongsheng must carry out expansion such as merger and acquisition, which targeted ...
2010-12-17 11:55:28
STX O&S to issue company stocks [Finance]
Korea's STX Offshore & Shipbuilding (STX O&S) is planning to issue company stocks worth KRW 150bn ($131m). Aiming to issue three years maturity corporate bonds in January 2011, the company is now conducting a survey on demand. STX O&S will invite...
2010-12-17 11:48:29
Newbuilding Order Boost for 2011 [General]
A bulk of newbuilding orders are expected to be placed from the first quarter of next year. Korea's shipbuilders are increasing their expectations of obtaining additional new orders as most of the newbuilding orders would be for the sectors of wh...
2010-12-17 10:55:10
‘We had to build export ships’ [Shipbuilding]
Zhejiang Jingang Shipbuilding became the largest shipyard in Taizhou Zhejiang Province of China, in terms of export orders. ‘At the beginning, everybody thought we were crazy when we intended to splash out all money into shipbuilding industry. ...
2010-12-17 10:26:56
Shipbuilding stocks surge in Korea [General]
Shipbuilding stock prices are soaring in Korea in late 2010. Korea's shipbuilders who underwent severe hardships with few new orders after the financial crisis, nowadays see the shipbuilding stock prices continuously skyrocketing thanks to their e...
2010-12-17 08:49:50
Daehan suffers infighting amid restructuring [Finance]
Korea's Daehan Shipbuilding in Haenam-gun in South Jeolla Province is said to be suffering infighting with some executives and employees submitting a resignation and causing a setback in some parts of production lines. This is mainly driven by an...
2010-12-17 08:40:59
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