Busan holds 'export skull session' [Equipment]
An export skull session to invite foreign buyers was held by Korea's Small & Medium Business Corporation (SBC) Busan branch, the City of Busan and Busan Marine Equipment Association in Grand Hotel in Busan Haeundae on December 2nd. The export skull s...
2010-12-03 08:52:42
Doosan Engine sets to IPO [Finance]
Korea's Doosan Engine submitted a stock notification to Korea Exchange and Financial Supervisory Service to undertake the procedure of initial public offering (IPO) in earnest. Doosan will offer 10.5m shares in total including 7m new shares and 3...
2010-12-03 08:41:52
VLGC newbuilding orders recover [Offshore]
Fresh orders for very large gas carriers (VLGC) have resumed in earnest since this year. Since the Lehman Shock, the VLGC market situation had undergone the severe recession without new orders placed. However, confirmed orders for three newbuilds...
2010-12-03 08:30:41
Jinhui cancels Oshima bulker [Shipping]
Oslo-listed shipowner Jinhui Shipping and Transportation has cancelled a supramax newbuilding order in Japan citing oversupply of tonnage. Reference is made to the announcement of Jinhui Shipping and Transportation Limited (the "Company") dated 19 Ma...
2010-12-03 07:39:41
Design firm Bestway enters newbuilding [Equipment]
A Shenzhen-listed Chinese ship design company is moving into shipbuilding. Shanghai Bestway Marine has announced that its subsidiary Bestway Technology has bagged a contract for RMB119m to design and construct a pair of 6,000 hp multi-purpose off...
2010-12-03 07:28:09
OSX-Hyundai build new shipyard [Offshore]
Brazil's green-field shipbuilder OSX Brasil has revealed that it will build a shipyard with South Korea’s Hyundai Heavy Industries in Brazil’s Rio de Janeiro state. In a public statement, OSX said that it has chosen a site at the Port of Acu t...
2010-12-03 07:22:50
Keppel FELS bags jack-up rigs [Offshore]
Singapore's Keppel FELS Limited has signed a contract to build two jack-up rigs worth US$360 million with Asia Offshore Drilling Limited, a 49 percent owned affiliate of Bangkok, Thailand, headquartered Mermaid Maritime Public Company Limited. Th...
2010-12-03 07:17:50
STX on the verge of big orders [Shipbuilding]
For the contracts of long-term affreightment recently signed, Korea's STX Pan Ocean is set to clinch a contract with its group affiliated shipbuilder, STX Offshore & Shipbuilding to build 23 bulk carriers to transport pulp and coal, etc. This is d...
2010-12-02 08:41:21
SPP merger around the corner [Shipbuilding]
Korea's SPP Group is said to be planning to have a public announcement of a merger between SPP Shipbuilding and SPP Plant & Shipbuilding on January 1st next year. In terms of the way of the merger, SPP Plant & Shipbuilding and a ship-block suppl...
2010-12-02 08:33:39
Big 4 Eye 'Shared Growth' [Equipment]
Korea's big four shipbuilders - Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering and STX Offshore & Shipbuilding - are getting warmed into growing together with their shipbuilding partners by creating a bus...
2010-12-02 08:17:58
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