Hyundai Mipo inks panamax quartet [Shipbuilding]
Korea's Hyundai Mipo Dockyard (HMD) has secured an order for panamax-bulker newbuildings worth over $160m from Russia’s Novoship. A shipyard source confirms Sovcomflot subsidiary Novoship has booked four 75,000-dwt newbuildings for delivery in ...
2010-11-29 09:15:55
Hyundai achieves order target [Shipbuilding]
Korea's Hyundai Heavy Industries (HHI) revealed that it has won new orders worth $3.793bn for shipbuilding division during January-October in 2010, compared to $444m recorded in the same period of last year. HHI has obtained new orders for a total...
2010-11-29 08:38:15
Big 4 spur in order-intake war [General]
Korea's big four shipbuilders are said to focus their all attention on last-minute orders before the end of the year. STX Offshore & Shipbuilding is set to ink a contract with STX Pan Ocean to build 20 bulk carriers worth KRW 1trn within this wee...
2010-11-29 08:29:55
Job openings for Hyundai [General]
Hyundai Heavy Industries (HHI)has resumed to hire new recruits for the production technical post for the first time in 25 months as the shipbuilding industry has entered a recovery phase. HHI revealed on November 25th that about 200 jobs are now ...
2010-11-29 08:18:51
Seminar on 'Offshore Plant Equipment Localization' [Equipment]
The importance of localization of offshore plant equipment is being highlighted these days as there has been an increase in new orders placed at Korea's large shipyards for offshore plants, led by the vitalization of marine resources development worl...
2010-11-29 07:30:18
2011 shipbuilding, 'cloudy' [Finance]
In 2011, amid Korea's major industries, shipbuilding, steel and appliances industry are expected to be relatively sluggish, while information and communication equipment, display and semiconductor industry seem to enjoy a boom. According to the re...
2010-11-29 07:24:40
Upturn to be continued in 2011 [Finance]
Ship financing and orders for newbuildings are prospected to continue to take an upturn all the way to next year, driven by a global economic recovery. Korea's Daewoo Securities released on November 25th that it remains 'overweight' for investmen...
2010-11-29 07:15:37
Daehan wins VLOC pair [Shipbuilding]
Daehan Shipbuilding in South Korea has reportedly won two 207,000-dwt VLOCs from Golden Flame Shipping of Greece. The yard is understood to have booked the Newcastlemax ships with deliveries set for March and April 2012. The ships are costing ...
2010-11-29 07:06:50
Tianjin Xingang inks five 57K BCs [Shipbuilding]
Singapore’s Pacific Shipping Trust has ordered five 57,000-dwt bulkers in China in a deal worth $150m. The Supramax bulkers have been ordered on the back of long-term charters to South Korea’s Glovis, part of the Hyundai Kia Automotive group....
2010-11-29 07:02:23
STX Europe improves Q3 [Finance]
STX Europe reported an EBITDA of NOK 367 million for third quarter 2010 which is an increase from NOK 96 million in the third quarter 2009. The year-to-date EBITDA is NOK 660 million compared with NOK 177 million in the same period 2009. The resu...
2010-11-29 06:47:59
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