Qidong Daoda wins 205K BC's [Shipbuilding]
Polembros of Greece’s latest order for four 205,000-dwt bulkers at Qidong Daoda Heavy Industry in China underlines the company’s turn toward the dry-bulk sector. Company advisor David Gare confirms the deal, which is Polembros’s third newbu...
2010-08-09 07:49:53
Hyundai Samho wins kamsarmaxes [Shipbuilding]
Hyundai Samho Heavy Industries won a number of kamsarmax orders from Greek owners. Christos Kanellakis, who controls Alpha Tankers & Freighters, confirms that the company has booked four 82,000-dwt bulkers at the South Korean shipbuilder. Brok...
2010-08-09 07:36:39
Russia injects $480m into shipbuilding [Finance]
Russia’s government will extend RUB 14.3bn ($479m) to support the country’s shipbuilding industry, Prime Minister Vladimir Putin told a meeting of the government’s presidium. “Therefore we have a right to hope for an adequate response from...
2010-08-09 07:31:55
Samsung to set up yard in Malaysia [Offshore]
Samsung Heavy Industries is to invest in the oil and gas (O&G) hub in south-east of Johor, Malaysia. Local industry official says the company had last year visited Teluk Ramunia and identified an area there for its shipyard. “They (Samsung o...
2010-08-09 07:23:23
DSME operating profit up 13% [Finance]
Daewoo Shipbuilding & Marine Engineering posted 13% increased operating profit in the second quarter of the year. It recorded operating profit of KRW 195.5bn ($168m) for Q2, up 13.1% year-on-year and up 19% quarter-on-quarter. Net profit jumped...
2010-08-09 07:01:50
H2 prospects 'Cloudy' [General]
South Korean shipbuilders are expected to have difficult times in the second half of the year as both new ship orders and output volume decrease. The Export-Import Bank of Korea said new orders are picking up since the turn of this year but consid...
2010-08-09 06:47:57
Korea No.1 by new orders [Shipbuilding]
South Korean shipbuilders ranked the first place in terms of new order intakes in July. According to data from Clarkson, Korean yards inked new orders totalling 1.59m cgt last month while Chinese rivals won 1.19m cgt of fresh orders in the same mo...
2010-08-09 06:21:40
DSME wins $7.3bn orders [Offshore]
Daewoo Shipbuilding & Marine Engineering has attained 73% of its annual order target before the summer vacation period. The South Korean shipbuilder said it has inked one FPSO with an oil major which operates an oil field in west Africa. It was...
2010-08-09 06:04:04
Taizhou passes tough time [Equipment]
At the beginning of this year, experts speculated that a large number of shipyards in Taizhou China would disappear. However, none of them has gone bankrupted so far. Taizhou is regarded as the largest small size shipbuilding base in the world, w...
2010-08-09 01:04:55
Maersk returns to newbuilding [Shipping]
An insider revealed that Maersk was negotiating with Chinese and Korean shipyards on newbuilding orders. Maersk requested shipyards to quote for 10-unit 16,000TEU boxships. Maersk is clearly interested in building new generation type ship. Maersk...
2010-08-09 01:03:56
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