Taiwan: Big3 joint-stock company fails [Finance]
As is reported earlier, Taiwanese big3 shipping lines, namely CPC, U-Ming and CMT intended to establish Taiwanese largest oil tanker company. However, the company hasn’t been set up so far. It seemed not realistic to launch newbuilding plan by ...
2010-12-02 01:08:13
STX & KBR join forces for offshore [Offshore]
Korea's STX Offshore & Shipbuilding is joining forces with a global engineering company Kellogg Brown & Root (KBR) of the US for offshore plant business. STX O&S signed a memorandum of understanding with KBR at STX Namsan Tower, Seoul, on November...
2010-12-01 09:31:30
Egyptian buys bargain resale at SLS [Shipping]
Egyptian Tanker Co has reportedly acquired a products-tanker newbuilding resale at SLS Shipbuilding in South Korea. The company is said to be paying $38.5m for SLS Hull 496, one of a series of three 49,000-dwt tankers ordered by Greek owner Polys...
2010-12-01 09:13:15
Hyundai aims for No. 1 heavyweight [General]
Korea's Hyundai Heavy Industries (HHI) is planning to push forward a tidal power generation project and expand a renewable energy business plus the solar and wind power energy business. It aims to jump up to be the No. 1 general heavy industries ...
2010-12-01 09:00:50
Korean ship exports rise: Midsize yards [Shipbuilding]
Five shipyards, located in the city of Tongyeong, South Gyeongsang Province, Korea, increased their exports of new vessels by about 45% against last year. According to the statistics reported by Tongyeong Customs, the five shipyards, in total, ex...
2010-12-01 08:40:18
2011 Shipbuilding: 'Cloudy' [Shipbuilding]
The prospects of shipbuilding industry in Korea for 2011 is being described as 'Partly Cloudy Sky' as new ship orders are expected to maintain this year's volume next year while small- and medium-sized shipyards face accelerating restructuring. Lo...
2010-12-01 08:28:40
STX to exploit western Russia [Shipbuilding]
Korea's STX Offshore & Shipbuilding declared its entering into the Russian shipbuilding market, which has a great potential for development. The company is now approaching a shipbuilding technology transfer to Russia in return for receiving fresh...
2010-12-01 08:16:22
Samsung wins top industrial award [General]
Roh In-sik, CEO of Samsung Heavy Industries (SHI), was awarded the 'Gold Tower Order of Industrial Service Merit' on November 30th for 'The 47th Trading Day'. According to Korea's Ministry Knowledges Economy, Korean government awarded medals and c...
2010-12-01 08:10:35
SCI’s FPO opens until Dec. 3rd [Finance]
The follow-on public offer (FPO) of state-owned Shipping Corporation of India (SCI) will run from November 30 to December 3, offering the investing public equity in a price band of Rs135 to Rs140 per Rs10 face value share. The FPO of 168.96 millio...
2010-12-01 07:27:23
ABS & CCS beef up cooperation [Offshore]
ABS and the China Classification Society (CCS) strengthened their collaborative efforts by entering into a new Cooperation Agreement on 24 November in Washington, DC. While the agreement is comprehensive, the offshore industry will be a priority ...
2010-12-01 07:24:29
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