CSBC fights for Evergreen orders [Shipbuilding]
Singaporean Neptune Orient Lines (NOL) recently announced they had ordered ten 8,400TEU boxships from Daewoo Shipbuilding and Marine Engineering (DSME), totaling $975m. It is obviously lower than Korean Samsung’s quotation of $1.03bn to Evergreen...
2010-08-12 01:33:22
China smaller yards to quit [Shipbuilding]
During booming time, Chinese shipyards have secured huge foreign orders by extremely low quotation, especially medium and small shipyards. But all passed now. They are facing shuffling. Chinese private capitals have rushed into market since 2004....
2010-08-12 01:32:35
HHI acquires control of Hyundai Oil Bank [General]
South Korea's Hyundai Heavy Industries announced on Wednesday that Abu Dhabi state enterprise International Petroleum Investment Company (IPIC) has accepted court rulings and is set to hand over its 70% stake in Hyundai Oil Bank to HHI. Accordingl...
2010-08-11 14:42:45
Hyundai wins $700m solar plant order [General]
South Korea's Hyundai Heavy Industries signed a contract with Matinee Energy in New York on August 10th to construct $700m 175MW solar energy power plants. Under the EPC contract, HHI will build 150MW solar power plant and 25MW one each in Dragoon...
2010-08-11 14:29:01
New Market Report Published in China [General]
The shipbuilding market in China has been steadily growing and is expected to show strong growth with the ending of the recessionary period leading to renewed large scale international trade. China is the second largest player in the global shipbuild...
2010-08-11 11:49:15
Second hand vessel sales retreat - July [Equipment]
With sea freight markets retreating both in the dry and the wet segments of the market during most of July, ship owners were reluctant to invest in acquiring more vessels, after the high level of sale and purchase activity, observed during May and Ju...
2010-08-11 11:41:49
Fiji invites China shipyard investor [Equipment]
Prime Minister Commodore Voreqe Bainimarama has invited the Executive Manager of one of China’s biggest shipyards to explore the possibility of investing in a similar operation in Fiji. Bainimarama made the invitation while visiting the Zhejian...
2010-08-11 11:30:00
Vinashin may spur privatization [Finance]
Vietnam may accelerate plans to privatize and break up state-owned companies after the nation’s largest shipbuilder almost collapsed under 86 trillion dong ($4.5 billion) of debts. “Vietnam’s policy is to speed up the process of equitizatio...
2010-08-11 11:26:47
Austal closes Tasmanian shipyard [General]
West Australian based shipbuilder, Austal, is closing its shipyards in southern Tasmania a month earlier than expected. Austal told its 116 workers at its Margate facility three months ago that it would be closing in September, after its last contrac...
2010-08-11 08:24:19
Hanoi promises to revive Vinashin [General]
Vietnam's Communist Party pledged to rescue the ailing Vietnam Shipbuilding Industry Group (Vinashin) to shore up the country's maritime industry, state media reported Monday. "The Politburo has asked the group to be restructured immediately to fo...
2010-08-11 08:22:21
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