Dae Sun saw massive derivatives loss [Finance]
Korea's Dae Sun Shipbuilding & Engineering revealed on November 15 that derivatives trading loss has occurred, exceeding the scale of its capital. The company made a deal in options foreign exchange and forward exchange for the purpose of removin...
2010-11-18 08:31:22
Pessimism on shipbuilding industry [Shipbuilding]
While many Korean experts of stock market are predicting the recovery about economic outlook for Korea's shipbuilding industry, Hanwha Securities is giving pessimistic outlook, attracting attention. Hanwha Securities revealed that the backlog Kor...
2010-11-18 08:09:25
OSX buys VLCC for conversion into FPSO [Offshore]
OSX announced that its subsidiary OSX Leasing Group B.V has entered into agreements for the purchase of two VLCC (Very Large Crude Oil Carriers) sister vessels, for an aggregate purchase price of US$ 54 million. The Company intends to use the hul...
2010-11-18 07:31:07
OSX to build shipyard in Rio de Janeiro [Shipbuilding]
OSX, the shipyard and offshore services arm of Brazil's EBX group, has taken the decision to build the Shipyard Unit (Unidade de Construção Naval - UCN) of its subsidiary, OSX Construção Naval S.A., at the Port of Aç...
2010-11-18 07:26:14
P+S Werften pens two ro-ros [Shipbuilding]
Danish ferry owner books a pair of ro-ros at German yard on the back of expanded defence contracts. Danish DFDS expands tonnage pact, orders DKK950m ($172m) vessels Danish ferry operator DFDS A/S said Tuesday it had extended its tonnage cooper...
2010-11-18 07:15:32
Rolls-Royce wins order for 'UT 754 WP' [Offshore]
The Singapore-based Marine Division of Rolls-Royce has won its first order for what it calls a 'revolutionary' new wave-piercing offshore vessel, from Farstad Shipping. The contract, worth in excess of £12 million to R-R, includes vessel de...
2010-11-18 07:09:08
STX OSV inks 7 PSVs [Offshore]
Farstad Shipping ASA has, through its wholly owned subsidiaries in Singapore, Scotland and Norway reached an agreement with STX OSV to build 4 platform supply vessels (PSV). There is an option for building of additional 3 vessels. The newbuilds a...
2010-11-18 07:03:29
Jiangsu: Seven enter million club [Shipbuilding]
Without doubt, Jiangsu Province was the largest shipbuilding base in China. As the capacity of China Shipping Industry broke through 1m dwt, currently seven shipbuilders in Jiangsu has entered 1m dwt club. The figure was expected to hit eight in this...
2010-11-18 01:02:52
China: to take crown in 20 years [Shipping]
Gao Yanming, who is Chairman of HOSCO Group, recently made a speech in a summit held in Beijing on how Chinese economy and global shipping industry would go in future. In 2009 China’s GDP reached $5.2 trillion while America hit $14.5 trillion. I...
2010-11-18 01:02:02
Wuchang wins 2+2 bulkers [Shipbuilding]
In November, Wuchang Shipbuilding Industry won two plus two 81,700dwt bulk carriers from compatriot Guangxi Beibu Gulf Ocean Shipping (Group) Limited. The signing ceremony was held in Shenzhen. In witness of the ceremony, Vice General Manager Dong Qi...
2010-11-18 01:01:11
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