Daewoo nears $4bn Maersk order [Shipbuilding]
Korea's Daewoo Shipbuilding & Marine Engineering has reportedly been selected by Denmark's A.P. Moller - Maersk Group as a preferred bidder for the gigantic $4bn containership newbuilding project. Recently, Maersk Line, a subsidiary of A.P. Moller...
2010-11-26 07:40:11
Rongsheng: ‘We’re becoming stronger’ [Shipbuilding]
To deliver its first ship; Revenue breaks through CNY10bn ($1.5bn) in four years; IPO in Hong Kong Stock Exchange. This is China’s Rongsheng Heavy Industries, which leads Chinese shipbuilding industry. ‘We don’t come here just for Money...
2010-11-25 14:33:12
SITC: More contract details released [Shipbuilding]
On 24th November 2010, the broad of directors of SITC International Holdings Company Limited announced SITC Development Group Company Limited which was the group’s subsidiary company signed contract with compatriot Yangfan Group to build four boxsh...
2010-11-25 14:11:33
Energy tycoons turn to shipowners [Shipping]
Energy tycoons are turning to shipowners subsequently. They begin establishing their own fleet but not give their cargos to charterer or shipping lines as they did. As a result, it may save a lot of cost. It seems that they are catching the opport...
2010-11-25 11:15:53
Yangzijiang enters offshore market [Offshore]
China’s Yangzijiang Shipbuilding which was just listed in Taiwan recently announced that it would cooperate with its subsidiary company whose name was New Yangzi Shipbuilding to establish a joint company. The investment reached $40m. The new co...
2010-11-25 10:40:34
Samjin accelerates deliveries [Shipbuilding]
Korean shipbuilder ‘Samjin Shipbuilding Industries Co., Ltd. (SSI, CEO: Young Il Kang)’ located in Weihai, China delivered the DWT 33,500 Log/Bulk Carrier ‘Orient Accord’ to shipowner ‘Interorient, Cyprus’ on 18th November and delivered a...
2010-11-25 09:19:45
Eregli Shipyard settles dispute [Shipping]
Germany’s John T Essberger has settled a dispute with Turkey’s Eregli Shipyard and will now take delivery of a series of stainless-steel chemical tankers. Essberger ordered three of the 5,300-dwt vessels but cancelled the first two because of...
2010-11-25 09:05:15
Uncertainty remains on new orders [Shipbuilding]
Lee Jong-hwan, a research of Shinhan Investment, revealed the investment suggestion has moved from 'neutral' to 'strong buy', in the recent shipbuilding industry report for 2011, prospecting new orders will increase by 30% compared to this year. ...
2010-11-25 08:57:21
Brazil shipbuilding targets world No.2 [Shipbuilding]
Brazil's shipbuilders went on to proclaim recapturing the top of the world's shipbuilding industry. This is their ambitious plan to recreate the glory of winning the world No.2 position after Japan in the world's shipbuilding industry in the 1970s. ...
2010-11-25 08:48:13
Hyundai's order strike for next year [Shipbuilding]
Hyundai Heavy Industries (HHI), which rejected to receive new orders for low price newbuildings, showing a passive attitude towards winning new orders this year, is expected to assume an active form in winning fresh orders for higher value-added cont...
2010-11-25 08:40:37
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