HHI union accepts "Time-Off" [General]
Hyundai Heavy Industries labor union chairman Oh Jong-shoi (pictured) announced today in a press conference that the union has decided to accept the time-off system bearing 'not small' pains. Accordingly, the union will cut the number of union pre...
2010-06-30 14:50:46
DSME develops independent LNG tank [Offshore]
Daewoo Shipbuilding & Marine Engineering said today that it has recently succeeded in developing an independent-type LNG tank for construction of LNG carrier or LNG-FPSO. DSME claims the brand new aluminum LNG tank, named 'ACT-IB: Aluminum Cargo T...
2010-06-30 12:30:08
Chinese turning to CNY-base orders [Finance]
With CNY revaluation showing, Chinese Xiamen Shipbuilding Heavy Industry Corporation is considering CNY settlement in payment terms. As is known, many Chinese shipyards thought CNY revaluation was inevitable so that they should take some actions. ...
2010-06-30 09:52:07
New Century secures four VLCCs [Shipbuilding]
On June 28th, China's New Century Shipbuilding signed a contract with Greece's Dynacom Tankers Management to build four 320,000-dwt VLCCs, totaling $380m. The first ship is expected to be delivered in September 2012. These orders seem extremely pr...
2010-06-30 09:51:12
COSCO: Zero risk on newbuilding [Shipping]
Having ordered 14 ships last year, COSCO Shipping ordered 10 ships again this year. Secretary Xue Jundong of COSCO Shipping expressed his satisfaction and said the newbuilding plan meant zero risk now. ‘We gained amazing newbuilding price. T...
2010-06-30 09:50:24
Hanjin Subic hiring spree [General]
Hanjin Heavy Industries & Construction has recruited more than 400 welders at its Philippines shipyard, but still needs upwards of 4,000 to complete its orderbook. The company said 421 staff were hired last week for its Subic Shipyard. In May...
2010-06-30 08:31:16
OSX yard project eyes Rio [General]
Brazil's Rio de Janeiro state may consider granting an environmental license to billionaire Eike Batista's OSX shipyard project after a southern Brazil state turned it down, a Rio state official said. Batista's OSX, projected to build drilling rigs a...
2010-06-30 08:29:20
Zamil plans bigger shipyard [Offshore]
Zamil Offshore Services Company has achieved SAR 2 billion ($533m) of shipbuilding returns during the past 2 years. The company accepts shipbuilding investment volume to reach SAR 40 billion during the next 10 years. The company has also buil...
2010-06-30 08:27:34
IHC Merwede secures $613m deal [Equipment]
Dutch specialist dredger builder IHC Merwede has signed EUR 500m ($613m)-worth of new orders. Among the largest contracts, Dredging Corp of India has ordered two trailing-suction hopper dredgers, one self-propelled cutter suction dredger and four...
2010-06-30 08:24:35
Wuhu inks kamsarmax pair [Shipbuilding]
China's Wuhu Xinlian Shipbuilding has won an order from German open-hatch general cargoship owner FH Bertling to build a pair of 82,000-dwt kamsarmax bulkers for delivery in 2012. An executive at Wuhu Xinlian confirms Bertling’s contract and ad...
2010-06-30 08:22:16
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