Korean steel plate market heats up [Equipment]
Korean shipbuilding steel plate suppliers are faced with 'survival game' as the prices for steel plates turn downward. Since the fourth quarter of this year steel plate import prices from China and Japan are falling and Korean domestic plate price...
2010-09-27 07:02:57
SPP inks first 50K PC [Shipbuilding]
Ardmore Shipping has inked its first newbuildings in a deal with a South Korean yard. The Cork-based owner has penned two 50,000-dwt product carriers at SPP Plant & Shipbuilding and has options for two more, brokers claim. Delivery of the two...
2010-09-27 06:38:50
DSME-OSK win 10 aframaxes [General]
Venezuela's state oil company PDVSA will order 10 aframax tankers in Russia and Korea for delivery by 2016. This is according to United Shipbuilding Corporation (USC:OSK) boss Igor Ryabov. USC is the Russian state shipyard holding company. Ry...
2010-09-27 06:31:24
MAN Diesel readies ME-GI gas engine [Equipment]
MAN Diesel & Turbo has announced plans to carry out full-scale ME-GI testing at the company’s Copenhagen test centre. MAN Diesel & Turbo has decided to make a full-scale demonstration and performance verification test of the GI principle for all ki...
2010-09-27 06:26:21
Too many Handysize ships? [Shipping]
Hamburger-based DVB recently announced the recovery of dry/bulk market might slow down by the end of this year. The demolition volume of Handysize ships is lower than expectation, which influence shipowners’ revenue sustainably. China Shipping, ...
2010-09-27 01:12:03
Jinhai Heavy bags 25 bulkers [Shipping]
Grand China Logistics recently launched another ambitious newbuilding plan, to oder 25 more large bulk carriers from compatriot Jinhai Heavy Industry, totaling $1.1bn at least. An insider revealed Grand China’s fleet might reach 200 ships. It me...
2010-09-27 01:11:25
Yangzijiang to enter ‘Knockout Stage’ [Finance]
As Yangzijiang Shipbuilding was listed in Taiwan successfully, Chairman Ran Yuanlin of Yangzijiang Shipbuilding said the shipbuilding industry might enter ‘Knockout Stage’. In next step, Yangzijiang intends to expand capacity for more orders a...
2010-09-27 01:10:40
DSME wins 214-class submarine [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering has won a contract to build a 214-class submarine for South Korean Navy. The sixth Korean 214-class submarine of 1,800 tons will be delivered by 2016. The shipbuilder has built the most submarines for Ko...
2010-09-20 15:08:29
Rolls-Royce provides gas engines [Equipment]
Rolls-Royce, the global power systems company, is to provide gas engines and main azimuth thrusters for a double ended passenger/vehicle ferry to be built for the Norwegian operator Fjord1. The vessel will be the world’s largest gas engined ferry. ...
2010-09-20 08:23:51
Keppel delivers deep-sea pipelayer [Offshore]
Keppel Singmarine has successfully delivered Global 1200, the first of a new generation of derrick pipelay vessels, to Global Industries. A sistership is on track for delivery in Q2 2011. John Reed, CEO of Global Industries, said, "The constructio...
2010-09-20 07:58:14
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