Hyundai Samho margin hits the highest [Finance]
Korea's Hyundai Samho Heavy Industries saw its stock prices hit KRW 73,000 level in a curb market, which was doubled compared to the beginning of this year. Even though the figure does not still reach the level before the financial crisis, Hyunda...
2010-11-30 08:28:52
Hyundai pens a VLGC for SK [Shipbuilding]
Korea's SK Shipping revealed last Friday that it signed a contract with compatriot shipbuilder Hyundai Heavy Industries (HHI) at Hyundai Hotel in Geyongju on November 25th to build a VLGC of 82,000-cbm class. For the contract, there attended Hwan...
2010-11-30 07:32:51
China slows down in new orders [Shipbuilding]
China's total of the new orders taken during January-October 2010 was recorded at 54.62m DWT, which was a 2.9 times increase year-on-year, the China Association of National Shipbuilding Industry (CANSI) revealed in the report of 'the national shipbui...
2010-11-30 07:26:34
Vinashin races to deliver ships [General]
Vietnam Shipbuilding Industry Group (Vinashin) announced the launching of a 6,500-tonne containership named ‘Vinashin Southern No.1’ in the northern port of Hai Phong on November 26. The ship is expected to be handed over to the Southern Shipb...
2010-11-30 07:11:20
CSDC in newbuilding spree [Shipbuilding]
China Shipping Development Company announced over the weekend that it will build eight 48,000-dwt crude/product tankers at Guangzhou Shipyard International. The total contact value stands at around $300m. The official shipbuilding contact will...
2010-11-30 07:08:40
Petrobras unveils bids for rigs [Offshore]
Petrobras has opened the sealed bids submitted in a three-part tender intended to lead to the construction, in Brazil, of 28 offshore drilling rigs required for development of the pre-salt zone. According to Dahlman Rose, the bids came in at "sig...
2010-11-30 06:59:23
Chinese marry Korean makers [Equipment]
Korean marine equipment manufacturers are rushing into Chinese shipbuilding market. Currently China takes the first place in terms of new orders and output but the localization of marine equipment in China is extremely low. It seems as an opportunity...
2010-11-30 01:11:26
Russia to spend $12.8bn in fishing fleet [Shipping]
As is revealed from Russian government, the fishing fleet of Russian is shrinking while the shipbuilding capacity of Russian shipyards cannot maintain the country’s fishing fleet at a high level. Now Russia intends to invest $12.8bn to enhance fish...
2010-11-30 01:10:57
Diversification time comes? [Shipbuilding]
According to Fortune top500 list 2010, Korea’s Hyundai Heavy Industries (HHI) drew people’s eyes. The revenue of HHI reached $22.9bn and ranked world’s No.375. HHI has entered global top500 for consecutive five years. HHI was the only shipyard ...
2010-11-30 01:08:53
China takes 'Triple Crown' [Shipbuilding]
China seems to take over the world no. 1 position in the world shipbuilding by sweeping three gold medals in new orders, orderbook and deliveries. It is seven years for Korea to protrude from the seat of the world's strongest nation of shipbuilding s...
2010-11-29 12:53:14
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