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Gov’t sells stake in Subic
[General]
The Philippines government is wrapping up the sale of its 10 percent stake in Subic Shipyard & Engineering (Subic Shipyard) in Olongapo, Zambales, to meet its reduced privatization goal of P2 billion this year. Finance Undersecretary John Philip S...
2010-12-15 08:21:32
Daewoo over-achieves $10bn
[Shipbuilding]
Daewoo Shipbuilding & Marine Engineering has met its order target for this year by signing a naval ship contract worth up to $1bn. On December 14th, DSME's president Nam Sang-tae was in a Southeast Asian nation to officially sign a contract with a...
2010-12-15 07:47:09
Atlantico to win Petrobras drillship
[Offshore]
Petrobras is soon to award just one of the contractual packages on offer for building seven drillships per Brazilian shipyard, a director with the company confirmed on Tuesday. “We will be ruling on some final disqualification appeals today, th...
2010-12-15 07:32:17
Samsung inks drillships with Pride
[Offshore]
New York-listed Pride International says it has reached agreement with Samsung Heavy Industries (SHI) for the construction of a fifth ultra-deepwater drillship. Like the four other ultra-deepwater drillships that Pride has ordered since 2007, the...
2010-12-15 07:25:18
Chinese deliveries rise by 55.4%
[Shipbuilding]
According to statistics from Ministry of Industry and Information Technology (MITT), during January to November, China’s shipbuilding output hit 56.76m dwt, rising by 55.4% against that of last year. The sea-going ships reached 17.47m CGT and expor...
2010-12-15 01:03:25
Guangdong shipbuilding profit jumps
[Shipbuilding]
According to statistics, there were nearly 300 enterprises committed to ship industry in Guangdong Province, most of which were located in Guangzhou, Shenzhen, Zhuhai, Jiangmen, Zhongshan, Dongguan and Foshan. In the first eight months, the provincia...
2010-12-15 01:02:45
Chinese local shipbuilders rise
[Shipbuilding]
In the past, Chinese shipbuilding industry was dominated by two state-owned shipbuilding groups, namely China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC). Nowadays, local shipbuilders rose and changed the ...
2010-12-15 01:02:00
Busan's cluster plan needs reviewing
[General]
An assertion has been raised about 'Shipbuilding Industry Cluster Development Plan' led by the city of Busan, Korea, saying a comprehensive review is badly needed including measures to create synergy effects. In the seminar hosted by Korea Associ...
2010-12-14 12:59:17
STX signs 20 57K Open-Hatch BCs
[Shipbuilding]
Korea's STX Offshore & Shipbuilding and its Chinese affiliate STX Dalian Shipbuilding Complex have inked 10 57,000-dwt Open Hatch General Cargo Carriers each with STX Pan Ocean, worth $912m in total for the 20 newbuildings. The vessels are 199 met...
2010-12-14 12:17:29
Hyundai inks 10 13,100TEUs
[Shipbuilding]
Korea's Hyundai Heavy Industries (HHI) signed a contract with Germany's largest container liner Hapag-Lloyd to build 10 ultra-large containerships of 13,100 TEU at a price of $1.45bn. Considering HHI is actively conducting selective new order sale...
2010-12-14 11:16:46
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