NOREQ acquires crane specialist ACTA [Equipment]
Norwegian maritime supplier, Noreq AS has officially announced the acquisition of Acta in Denmark. Since 1955, Acta has been a trusted supplier of offshore marine cranes, life raft and MOB davits as well as deck machinery. Acta is the only cr...
2010-11-19 12:36:47
Chinese expect government support [Shipping]
Recently Chinese state-owned shipping giants such as China Shipping and COSCO Group were business drafting development plan for next five years. Experiencing global financial crisis, the shipping industry was stepping out of depression in these ye...
2010-11-19 10:18:15
SITC orders three boxships [Shipping]
Hong Kong media reported China’s SITC International Holdings Company Limited spent $57.30m to order three boxships. Obviously the fleet expansion plan was launched formally. SITC announced that SITC Development which was the group’s subsidiary...
2010-11-19 10:17:17
Chinese ship exports hit $29.45bn [Shipbuilding]
According to custom statistics, in the past three quarters of 2010, Chinese ship export value hit $29.45bn, rising by 47.19%. It is raised by $1.09bn against the total amount of last year. The export value of September reached $3.18bn, increased b...
2010-11-19 10:16:43
Orders plummet at Japan yards: high yen [Shipbuilding]
Takao Motoyama, president of The Shipbuilder's Association of Japan (SAJ), revealed at a regular meeting on November 16th that Japan's shipbuilders are facing an acute decrease in new orders due to a high yen. In Japan's shipbuilding industry, th...
2010-11-19 09:25:50
Ship parts tech exchange workshop [Equipment]
Technological Support for Marine Industry of Gyeongnam Technopark revealed on November 17th that the center will hold 'The 9th Shipbuilding Equipment Technology Exchange Workshop' at Admiral Hotel in the city of Geoje for two days on November 23th a...
2010-11-19 09:10:22
Shipbuilding stocks take upturn [General]
In the Korean stock market on November 17th, shipbuilding and transport equipment industry made the highest growth in the stock prices, advancing by 1.20%, despite weak Kospi. In the shipbuilding industry sector, STX Offshore & Shipbuilding jumped...
2010-11-19 08:58:53
Hyundai Mipo pens 75K bulkers [Shipbuilding]
According to foreign media reports, Sovcomflot, Russian state-owned shipping company, ordered two bulk carriers of 75,000 DWT from South Korea's Hyundai Mipo Dockyard. They will be delivered in 2013, and the ship prices are not revealed. It s...
2010-11-19 08:48:18
Incat wins first fast LNG Ro-Ro [Shipbuilding]
Australian high-speed catamaran pioneer Incat has secured a contract to build the world’s first high-speed passenger Ro-Ro ship powered by environmentally friendly Liquified Natural Gas (LNG). Incat Chairman Robert Clifford says “this is a sig...
2010-11-19 08:23:48
Many Chinese to run aground [Shipbuilding]
China's shipbuilding industry, holder of the world's largest orderbook, will see dozens of small shipyards go under or get taken over next year, as a choppy wave of consolidation rocks an oversupplied market. Fuelled by vigorous government suppor...
2010-11-19 08:19:12
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