Hyundai expands non-shipbuilding [Offshore]
Hyundai Heavy Industries' shipbuilding business proportion fell below 40% level for the first time, as it accelerates such non-shipbuilding businesses as Electro Electric Systems, Industrial Plant & Engineering and Engine & Machinery. In the first...
2010-07-16 11:41:51
HMD gets new highest profit [Finance]
Korean shipbuilder Hyundai Mipo Dockyard, after having secured ample new orders in the first half of the year, is expected to contract new orders selectively from the latter half, taking ship prices into account. Seoul-based IBK Investment & Secur...
2010-07-16 11:09:58
SHI combines drilling rig at sea [Offshore]
Samsung Heavy Industries announced on July 16th that it has succeeded for the first time in South Korea in combining offshore crude oil drilling unit's Top Side and Hull at sea. Back in 2007, Russia's Gazflot ordered the drilling rig for $600m wit...
2010-07-16 10:25:34
Chinese step on shipbuilding output [Shipbuilding]
Ministry of Industry and Information Technology (MIIT) recently issued report showing that national newbuilding output reached 29.63m dwt in the first half year, rising by 86.7% on year-on-year basis. The new orders achieved 23.78m dwt, which was fou...
2010-07-16 09:43:20
COSCON steps out of dark period [Finance]
Having been hit severely by financial crisis, global shipping market is recovering. As China’s largest container shipping operator, COSCO Container Lines Company Limited (COSCON) is stepping out of bottom. General Manager Sun Jiakang of COS...
2010-07-16 09:42:01
CMES takes 11th VLCC [Shipping]
China Merchants Energy Shipping (CMES), a subsidiary company of China Merchant Group (CMG), announced on July 14th that the company’s shipping capacity had broken 4.0m dwt for the first time with its 11th VLCC delivered. On July 13th, CMES’ 11...
2010-07-16 09:40:09
ADSB to deliver 10 ships in 2010 [Offshore]
Abu Dhabi Ship Building (ADSB) company, which has delivered about 150 new vessels during its 14 years of existence, will be delivering 10 vessels this year. This was disclosed by Homaid Al Shemmari, Chairman othe ADSB and William S Saltzer, the C...
2010-07-16 07:52:06
Jiangsu ship exports surge [General]
The value of exported ships built in China's Jiangsu province increased 120 per cent in May to US$1.4 billion, a new monthly record since 2009, Xinhua reported. From January to May, Jiangsu's ship export value amounted to $5.5 billion , up 62.7 p...
2010-07-16 07:50:03
Hamworthy inks STX LPG deal [Equipment]
Hamworthy, the UK marine equipment company, has won deals worth £50m ($77m) from a yard in Brazil. The company is to provide ship design and supply of cargo handling systems for eight LPG carriers ordered at Estaleiro Promar S.A., a subsidi...
2010-07-16 07:47:53
Cosco confirms handymax order [Shipbuilding]
Cosco Corp (Singapore) has confirmed a further order for a handymax bulker after the owner paid an initial deposit. The Singapore-listed shipbuilder said this latest bulker would be delivered from Cosco (Guangdong) shipyard in November 2011. ...
2010-07-16 07:44:09
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