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ABG Q2 net rises 22.7%
[Shipbuilding]
India's largest private shipbuilding company, ABG Shipyard, Monday said that it has clocked a 38.32 per cent increase in its net sales to Rs 555.48-crore as against Rs 401.58-crore in the year-ago period. Its net profit rose 22.70 per cent from R...
2010-11-16 07:16:36
Chinese duo win 10 BC orders
[Shipbuilding]
Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, announced Monday that it has contracted or acquired US$284.4 million contracts to build ten dry bulk vessels as follows: 1) six 35,000 dwt handysize bulk car...
2010-11-16 07:12:34
DSIC inks Seadrill rigs
[Offshore]
Norwegian rig owner Seadrill said Monday that it has contracted two newbuild jack-up drilling rigs with China's Dalian Shipbuilding Industry Offshore Company (DSIC Offshore). The new units are scheduled for delivery in the fourth quarter 2012 and...
2010-11-16 07:02:49
China’s first ethylene tanker comes out
[Shipping]
On November 11th China’s first ethylene tanker, namely MV Peng Shun, finished maiden voyage from Zhenhai to Nanjing with 4000tons ethylene. Ethylene was one of the most important petroleum materials, as well as the symbol of national petroleum c...
2010-11-15 10:20:25
Seaspan: Pessimistic in short term
[Shipping]
Gerry Wang, who is CEO of Canadian Seaspan, recently expressed in Guangzhou that Korean shipbuilders did an excellent job but they should catch the opportunity to improve the design of boxships so that the newbuilding price could be reduced further a...
2010-11-15 10:19:28
Rongsheng: To keep forward
[Shipbuilding]
The shipping and shipbuilding industries were thought to be the barometer of global economy. During global financial crisis, they were hit by severe blow. In the context of economic recovery, the shipping market turned around first. Analysts said the...
2010-11-15 10:18:54
Japanese profit forecasts divided on strong yen
[Finance]
Japan’s 10 listed companies released their profit forecasts for this fiscal year (from April of 2010 to March of 2011) by November 11th. Of those companies, Mitsubishi Heavy Industries, IHI Corporation, Kawasaki Heavy Industries and Namura Ship...
2010-11-15 09:04:56
Daewoo sale resumes soon
[Finance]
Min Yu-Sung, president of Korea Development Bank (KDB), reconfirmed that KDB is ready to sell Daewoo Shipbuilding & Marine Engineering (DSME) and is just waiting for large companies for sale, such as Hyundai Engineering & Construction, to be done to ...
2010-11-15 08:49:55
Hyundai to focus on non-shipbuilding
[General]
Dr. Min Keh-Sik, chairman of Hyundai Heavy Industries (HHI), revealed HHI’s business plan for next year before attending a G20 Business Summit reception held in Walkerhill Hotel in Seoul on November 10th. “The market situation of shipbuilding ...
2010-11-15 08:41:54
Shipbuilding software specialist training center opens
[Equipment]
‘Shipbuilding & Offshore Software Training Center’ will be established in Busan, Korea, aiming to foster advanced software engineers for shipbuilding and offshore sector. Convergence of IT Devices Institute Busan (CiDi) announced, on November...
2010-11-15 08:32:46
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