Korean ship exports to break $50bn [Shipbuilding]
The total of Korea's ship exports for this year is strongly expected to hit their highest of $50bn for the first time in history, fiercely competing with the semi-conductor exports for the No.1 position in exports results. According to the shipbu...
2010-12-07 08:02:23
Korean on emergency with IFRS [Finance]
Korea's shipbuilding & shipping companies are put on emergency alert due to the implementation of IFRS (International Financial Reporting Standard). Even Korea's monetary authorities are coming forward to persuade the members of IASB (The Interna...
2010-12-07 07:43:28
Slight decrease in new orders: 2011 [Shipbuilding]
In relation to the prospect of the global newbuilding market situation for next year, most of the Japanese shipbuilding insiders expected newbuilding orders for next year would decrease slightly compared to this year, while Chinese shipbuilders would...
2010-12-07 07:32:36
STX eyes Global Top by 'win-win strategy' [General]
Korea's STX Group held the '2010 Second Half Management Strategy Meeting' last weekends attended by some 230 entire group executives including chairman Kang Duk-su (pictured above). Chairman Kang said, “During the next decade it is important to ...
2010-12-06 12:36:59
China: to grow further [Shipbuilding]
Although China is expected to become the world’s No.1 shipbuilding country, the overcapacity was an inevitable topic. From January to October, Chinese new orders, newbuilding output and orderbook reached 54.62m, 50.90m and 193.66m dwt respective...
2010-12-06 10:14:12
A story of Chinese shipyard [General]
In 2003, Zhang Hua sold his factory of hardware and borrowed some money. As a result, he had CNY7.0m ($1.05m) in hands and purchased a small shipyard located in Yueqing, Wenzhou, Zhejiang Province of China. This was the beginning of the story. ‘...
2010-12-06 10:13:05
COSCO: To speed up globalization [Shipping]
Wei Jiafu, who was Chairman of China’s COSCO Group, said on December 1st that COSCO was speeding up steps of globalizations. In next ten years, COSCO would endeavor to become head of global shipping industry. Wei indicated that global economy fa...
2010-12-06 10:12:31
Busan set to create shipbuilding cluster [General]
The city of Busan in Korea has entered into the preliminary examination of a development of the expected target sites where Busan-based small- and mid-sized shipyards, shipbuilding equipment suppliers and shipbuilding equipment parts distributors wil...
2010-12-06 08:53:10
Korea to take No.1 back [General]
Among the expectations that China would beat Korea for the world no.1 position in the new order competition in 2010, many raised a positive outlook that Korea would take the no.1 position back again next year. Korea's Mirae Asset Securities suppo...
2010-12-06 08:43:44
20% more orders to materialize: 2011 [Shipbuilding]
Newbuilding orders are being projected to increase by at least 20% next year than this year. Korea's Daishin Securities held the investment suggestion 'overweight' in the shipbuilding industry sector on December 2nd, expecting a big jump in new o...
2010-12-06 08:35:52
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