Hyundai names Rickmers 13,100TEU's [Shipping]
Rickmers Group held a quadruple naming ceremony at HHI’s Ulsan shipyard for four ultra-large container ships (ULCS) of 13,100 TEU each. The Maersk Edinburgh (previously “Pearl Rickmers”) is the first Rickmers Group ULCS that will enter serv...
2010-07-05 08:20:11
POSCO, HHI reinforcing cooperation [General]
POSCO is reinforcing cooperation with its major customer, Hyundai Heavy Industries (HHI). On June 23, POSCO held an IT (information technology) forum with HHI at the headquarters in Pohang for the first time. The participants in the forum present...
2010-07-05 07:23:38
DSME CEO under suspicion of lobbying [General]
The prosecutory authorities started to investigate a doubt that Daewoo Shipbuilding & Marine Engineering president Nam Sang-tae lobbied to keep his consecutive term of CEO, which was brought up by the political circles. On July 2nd, an official fr...
2010-07-05 07:18:36
STX inks LOI for 8,000TEU's [Shipbuilding]
On July 2nd, STX Offshore & Shipbuilding announced, "On June 9th, we entered into a LOI with one of Taiwan's shipowners for the contract of supplying 8,000TEU containerships." "STX Offshore & Shipbuilding will provide an official announcement aga...
2010-07-05 07:06:05
Korean plate prices keep rising [Equipment]
South Korean major shipbuilding thick steel plate suppliers Posco, Hyundai Steel and Dongkuk Steel all have raised the price for their steel plate products by KRW 50,000 per ton to KRW 950,000 ($774) recently. The move comes in just two months aft...
2010-07-05 06:55:35
RINA, KST cooperate for yacht industry [Equipment]
RINA Korea Branch and the Korea Ship Safety Technology Authority (KST) signed a letter of intent on July 2nd for technical cooperation for leasure craft. The LOI signature ceremony was held in the RINA office in Busan, South Korea and was attended...
2010-07-05 06:51:40
Samsung bags Evergreen 10 [Equipment]
Samsung Heavy Industries won a large containership series order for the first time after a hiatus of two years in the global newbuilding market. The South Korean major shipbuilder said on July 2nd that it has inked a contract with Taiwan's Evergre...
2010-07-05 06:45:57
East Sunrise purchases cancelled orders [Shipping]
China’s East Sunrise Group took over a resale 92,500-dwt ship named by East Sunrise88 from compatriot Yangzijiang Shipbuilding. As is revealed, the ship was originally cancelled by Italian shipowner. During market recession last year, East Sunri...
2010-07-05 02:02:02
Recovery signal: Ship price rebound [Finance]
Currently Singaporean Fitch Ratings expressed most shipping lines needed several years to be back to balance point although the market seemed to had touched the bottom. Fitch Ratings also said the recovery would be slow and discontinuous. Meanwhil...
2010-07-05 02:01:32
DSIC wins SK VLCC pair [Shipbuilding]
On June 30th, Dalian Shipbuilding Industry Corporation (DSIC) won two-unit 320,000-dwt VLCC order from Korean SK Shipping. It is the first time that Korean shipowner ordered such large ship from Chinese shipyard. The 320,000-dwt VLCC was self-exp...
2010-07-05 02:01:03
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