Vinashin should pay its own debts [General]
A Vietnamese minister said state-owned Vietnam Shipbuilding Industry Group, known as Vinashin, should make a $60 million debt payment on its own as the government offers to help the company become profitable. “They will have to pay on their own...
2010-12-10 07:04:30
HMD adjusts PC orders [Equipment]
Hyundai Mipo Dockyard has allowed a product/chemical tanker contract to be downsized, as per the owner's request. HMD said yesterday that a contract for fourteen PCs was changed to an order for twelve. After the adjustment, contract value was c...
2010-12-10 06:57:41
Hyundai supplies HiMSEN for nuclear plant [Equipment]
Hyundai Heavy Industries first supplies its HiMSEN engines for Korea's nuclear power plant. The company announced today that it has recently inked a turn-key contract with Korea Hydro & Nuclear Power, to replace a time-worn emergency electric gene...
2010-12-09 12:41:45
MOU between KTS and KOMERI [General]
Korea Testing Laboratory (KTL) with president Lee Yu-jong and Korea Marine Equipment Research Institute (KOMERI) with president Kim Jeong-gyun signed a MOU last Tuesday to enhance Korea's competitiveness in the shipbuilding, shipping and related indu...
2010-12-09 12:37:51
KOR-NOR to enhance conciliation for green growth [General]
'The 19th Korea-Norway Economic Cooperation Committee' was held in the headquarters of DNV in Oslo, Norway last Tuesday. The committee was hosted by The Federation of Korean Industries (FKI) and The Confederation of Norwegian Business and Industr...
2010-12-09 11:47:15
Daewoo touches $10bn target [Offshore]
Korea's Daewoo Shipbuilding & Marine Engineering signed a contract with an Americas-based drilling company to build one drillship and one semi-submersible drilling rig at a contract price of $1.08bn. With this, DSME is getting closer to their annual ...
2010-12-09 10:30:07
JBIC financing Norwegian OSV pair [Finance]
The Japan Bank for International Cooperation (JBIC) is expanding ship financing into offshore supply vessel sector. On December 7th, JBIC signed two agreements to provide funds in syndicated loans to Norway's K Line Offshore AS for the operator to...
2010-12-09 09:04:06
Universal wins $14m guardship [General]
Japan's Universal Shipbuilding has recently inked a newbuilding contract with local customs to build a guardship. The newbuilding tender was launched in October and Universal was finally awarded the deal worth JPY 1.15bn (about $13.7m). The shipya...
2010-12-09 08:56:00
Japan sets to new 'Shipbuilding Policy' [Shipbuilding]
Japan's Ministry of Land, Infrastructure, Transport and Tourism decided to undertake the work of 'New Shipbuilding Policy Examination Assembly' in a full-scale. This assembly is for discussing new policies to strengthen the long-term internationa...
2010-12-09 08:24:57
Ultra boxship ordering kicks off [Shipbuilding]
Large containerships are emerging as the strong in the newbuilding market with their orders placed in a full-scale. In the current containership order market, the total newbuilding orders of the containerships of more than 8,000-teu class, which ...
2010-12-09 08:18:12
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