Offshore order surges [Offshore]
Influenced by financial crisis, global offshore orders slumped greatly. However it showed strong uptrend this year. The drilling equipment and FPSO orders were raised by over 50% respectively. Chinese analyst Zhao Zehua said as global oil and gas...
2010-12-13 10:14:04
STX won $200m methanol plant [Offshore]
Korea's STX Offshore & Shipbuilding (STX O&S) made the successful first step on the petrochemical plant project of Caspian sea region by winning a new order for a methanol plant. STX O&S revealed last Thursday that it had signed a contract with Az...
2010-12-13 09:52:15
MPC bulker orders canceled [Shipping]
A widely reported order involving Germany’s MPC Group for a pair of kamsarmax bulkers was dropped some time ago, says a spokesman. The KG (limited partnership) ship-finance house was said to have returned to the newbuilding market for the 82,00...
2010-12-13 08:44:45
Zodiac denies kamsarmax orders [Shipping]
Idan Ofer’s Zodiac Maritime Agencies has been linked to the acquisition of up to six kamsarmax bulkers but the company is strongly denying the move. According to sources in the Far East, the company, which currently does not own any kamsarmaxes...
2010-12-13 08:41:39
Samsung & Daewoo exports hit $20bn [General]
Geoje customs of Korea Customs Service revealed last Thursday that the shipyards located in Geoje, Gyeongsangnam-do, Korea set a $20bn record for the combined exports by the end of November this year. The accumulated exports of the two major yard...
2010-12-13 08:25:17
China Exim to expand ship financing [Finance]
The Export-Import Bank of China (China Eximbank) decided to expand ship financing for Chinese shipowners. According to local reports, the proportion of ship financing for Chinese shipowners will be increased from 10% (currently) to 33% over the n...
2010-12-13 08:19:23
Tokyo takes action to support shipbuilding [Finance]
Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT) announced the results of the first meeting of 'New Shipbuilding Policy Examination Assembly' held last Tuesday. In the assembly, MLIT explained the market situation and the sh...
2010-12-13 08:09:27
Big 4 all to hit $10bn orders [General]
Korea's big four - Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI), Daewoo Shipbuilding & Marine Engineering (DSME) and STX Offshore & Shipbuilding (STX O&S) - are each expected to achieve new orders of $10bn for this year. As all of t...
2010-12-13 08:00:13
Samsung & Daewoo lead technology revamp [General]
Korea's Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) won the special prize and the bronze prize for developing the technology of LNG-FPSO and eco-friendly ultra-large containership respectively in the '2010 Korea...
2010-12-13 07:54:38
Panasia awarded bronze prize for its BWTS [Equipment]
Panasia (Lee Su-tae, president, pictured below), a Korean producer of a variety of water level gauging and alarm system for ships and marine structures, won the bronze prize for its ballast water treatment system, named GloEn-Patrol TM (pictured abov...
2010-12-13 07:44:43
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