Seaspan mulls newbuilding spree [Shipbuilding]
Containership owner Seaspan is prepared to place newbuilding orders worth up to $3bn, but only if shipyards slash their prices and produce far more radical designs. The challenge to the world’s biggest shipbuilders comes from Seaspan chief execu...
2010-07-28 07:26:15
CSSC orders rise [Shipbuilding]
China State Shipbuilding Corp.'s orders improved by a "large extent" from a year ago as the global economy and shipping business recovered, a company executive said. The state-owned company has won orders of about 40 million deadweight tons throu...
2010-07-28 07:20:47
Kotra inks Brazil ship parts MOU [Equipment]
The Korea Trade-Investment Promotion Agency (Kotra) announced the signing of a memorandum of understanding with Brazil’s Transpetro to forge cooperation in the shipbuilding equipment manufacturing sector.
 Under the MOU, Korea will provide ad...
2010-07-28 07:12:32
HMD Q2 earnings surprise [Finance]
South Korea's Hyundai Mipo Dockyard has posted higher-than-expected business results for the second quarter of this year, but an expert forecasts the shipyard's order intake momentum would slow in the remainder of the year. HMD recorded revenue of...
2010-07-28 06:46:55
Samjin's fast delivery of 34K BC's [Shipbuilding]
South Korea's Samjin Shipbuilding Industries (SSI), located in Weihai, Shandong, China, has delivered one 34,000-dwt bulk carrier to ‘Bocimar International NV’ on July 26th. The ‘CL Antwerp’ is the fifth handysize B/C SSI has delivered so...
2010-07-27 11:53:47
Only 53 single hull VLCCs remain [Shipping]
London-based Gibson issued report showing that as deadline came close only 53 single hull VLCCs were still operating, occupying 10% of global VLCC fleet. In this month two units single hull VLCCs were conversed to dry/bulk cargo carriers in Chines...
2010-07-27 10:12:56
Evergreen triggers bloodier fight? [Shipping]
As is reported earlier, Taiwanese Evergreen Group formally triggered ‘100 boxships’ plan. Evergreen has signed contract with Samsung Heavy Industries to build 10-unit 8,000TEU boxships. The ‘100 boxhips’ plan is valued around $5.5bn totally. ...
2010-07-27 10:12:33
Wenchong refreshes Chinese TSHD record [Offshore]
Guangzhou Wenchong Shipyard has refreshed Chinese Trail Suction Hopper Dredger (TSHD) record. Wenchong delivered an 85-meter depth TSHD, namely MV Tongcheng, to compatriot CCCC Tianjin Dredging Company Limited. MV Tongcheng owns the largest capaci...
2010-07-27 10:11:57
Japanese eye China's equip market [Shipbuilding]
China’s inability to keep pace with demand is giving leading Japanese yards an edge on the equipment-supply side. Japan’s shipbuilders may be fighting a losing battle against China in the newbuilding wars but they are at least finding one way...
2010-07-27 07:47:41
Chinese to cut prices [Equipment]
Costs at Chinese shipyards look set to fall as analysts predict further reductions in the price of domestic steel for the rest of the year. A manager at one of China’s leading brokers says he expects further price cuts at domestic steel mills a...
2010-07-27 07:44:43
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