Hanjin falls in H1 [General]
Hanjin Heavy Industries & Construction posted much deteriorated business results for the first half of this year. The South Korean shipbuilder recently announced that it has achieved revenue of KRW 1.3295trn ($1.13bn) for the January-June period, ...
2010-08-18 07:07:41
Evergreen returns to No.4 [Shipping]
In the 2nd quarter, Taiwanese Evergreen chartered 15 ships gradually. The shipping capacity increased accordingly. According to Alphaliner statistics, it reached 615,000TEU in August, returning to 4th place of global market. Compatriot Yang Ming a...
2010-08-18 01:04:29
Jiangsu export ranking shuffles [Shipbuilding]
In the first half of this year, the export value of 35 shipbuilders in Jiangsu Province China hit $10m level for each company. The export volume of 26 builders was increasing. The others came across plummet. Most of them are private shipyards. The...
2010-08-18 01:03:43
China rises to shipbuilding power [Shipbuilding]
As is reported earlier, China’s output, order intakes and orderbook occupied 41.1%, 46.2% and 37.7% of global share respectively in the first half year. China’s output hit 29.63m dwt, rising by 86.7%. The new orders were the four times of that in...
2010-08-18 01:02:52
Sinotrans: 85% capacity was booked [Shipping]
Executive Director Tian Zhongshan of China’s Sinotrans speculated that the huge amount of deliveries in the second half year might trigger great pressure on market. He revealed that 85% shipping capacity of Sinotrans had been booked in the second h...
2010-08-17 11:34:50
China leads the world [General]
China leads the world in shipbuilding, according to the latest statistics released on the official Web site of the China Association of the National Shipbuilding Industry. In the first half of 2010, China's shipbuilding capacity, the number of new ...
2010-08-17 09:40:57
CMA CGM takes delivery of 13,830TEU [Shipping]
CMA CGM Group took delivery , Monday August,16th, in South Korea of the CMA CGM CORTE REAL (13,830 teu) built by DSME (Daewoo Shipbuilding and Marine Engineering), the third of a series of eight vessels named after the great explorers. CMA CGM CORTE ...
2010-08-17 09:25:18
Box ship rates are flattening out [Shipping]
Demand: We see that the freight rate index levels from China show that rates to Europe have been very stable around 1,800 (index value) since April with a slight negative trend over the last three weeks. Spot prices from Shanghai have been equally fi...
2010-08-17 09:20:08
JES warns of increased competition [Shipbuilding]
Chinese shipbuilder JES International is forecasting pricing pressure as competition grows between domestic yards. The Singapore-listed shipbuilder reported a second quarter net profit of RMB46.1m up 547% on the same period last year. The company...
2010-08-17 08:21:10
ABG's profit falls [Finance]
India’s ABG Shipyard has seen profit fall in its first quarter despite a healthy improvement in revenues. The country’s largest private shipbuilder said net earnings to 30 June were INR 384.1m ($8.19m), compared to INR 478.2m in the same thre...
2010-08-17 08:17:40
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