Samsung inks WTI ship [Offshore]
South Korean shipbuilder Samsung Heavy Industries has landed an order for the first of Swire Pacific Offshore's wind-farm-installation vessels. The marine arm of Hong Kong-listed conglomerate Swire Pacific says it expects the vessel to hit the wa...
2010-08-16 07:01:16
Hyundai retakes No. 1 [Equipment]
Hyundai Heavy Industries has won back the global No. 1 spot by newbuilding backlog. According to Clarksons data, the South Korean shipbuilder's orderbook as at the end of June stood at 8.236m cgt including Gunsan Shipyard's backlog. It retook t...
2010-08-16 06:24:35
Jiangsu bulker export doubles [Shipbuilding]
Jiangsu Province, the largest shipbuilding base of China, passed financial crisis smoothly and keeps exciting uptrend. In 2009, the province's ship export value stood at $5.78bn, increasing by 33% on a year-on-year basis. During January to June o...
2010-08-16 01:14:45
NACKS wins WTI vessel [Offshore]
China’s Nantong COSCO KHI Ship Engineering Company Limited (NACKS) signed with A2sea A/S which is a subsidiary company of Denmark’s Dong Energy Power A/S, to build a self-elevating wind turbine installation vessel. NACKS takes charge of design...
2010-08-16 01:13:07
Box 'Hot Season' comes? [Shipbuilding]
Currently the freight rate is surging along with space shortage, which reaches the peak of 2008. But experts show caution due to the plummet in 2008. However, the huge newbuilding orders occur from time to time. In common view, it is a great oppor...
2010-08-16 01:12:22
Hyundai Samho inks wage deal [General]
South Korea's Hyundai Samho Heavy Industries labor and management held a signing ceremony for '2010 Collective Wage Agreement' on August 13th. At the event, they promised to make more efforts to establish an advanced labor-company culture down the...
2010-08-13 16:41:25
Orient enters court receivership [Finance]
South Korea's Orient Shipyard, which filed for court receivership (company rehabilitation procedure) early this month, has won approval on it from the Busan District Court. It was recently revealed that Busan District Court had approved company r...
2010-08-13 13:48:40
Rongsheng keeps winning suezmax orders [Shipbuilding]
Jiangsu Rongsheng Heavy Industries continues to bag suezmax-tanker orders from European owners. The Nantong-based shipbuilder is said to have secured four 157,000-dwt newbuildings each from Restis Group’s Golden Energy and Aktif Denizcilik of T...
2010-08-13 11:07:07
Taizhou Sanfu ends orders drought [Shipbuilding]
Taizhou Sanfu Ship Engineering has ended its order drought by winning a contract for bulker newbuildings from a European owner. A Taizhou Sanfu official says a German company has signed up for four 40,000-dwt handysize bulkers for delivery in 201...
2010-08-13 11:02:33
Polaris plans VLOC order [Shipping]
South Korean dry-bulk operator Polaris Shipping is looking to order newbuildings following a long run of converting tankers into bulkers. Polaris president Kim Wan-jung says the company is planning initially to book two 300,000-dwt very large ore...
2010-08-13 10:54:35
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