Jiangnan adds 76K BC duo [Shipbuilding]
China's Jiangnan Shipyard revealed that it has inked a newbuilding contract with compatriot shipowner Jiangsu Datang Shipping to build two 76,000-dwt bulk carriers. With the latest deal included, the shipyard won a total of six such ship orders so...
2010-06-29 08:07:12
'Offshore Plant Seminar' in Korea [Offshore]
Director Park Shin-hwa from the Ulsan Industrial Technology Laboratory of the Research Institute of Industrial Science & Technology (RIST) said, "The number of offshore plant facilities will continue to increase according to the increasing level of d...
2010-06-29 07:25:28
Shin Kurushima posts highest [Finance]
Japan's Shin Kurushima Dockyard registered a new record of JPY 16bn ($179m) for its ordinary income in the annual financial term ending in March 2010, which increased by 70% compared to the figure in the previous term. Since the sales increased t...
2010-06-29 07:11:37
Suppliers urge to cut class fees [Equipment]
Due to the declining state of the shipbuilding industry caused by the global financial crisis, the shipbuilding equipment suppliers in South Korea have experienced a wide range of falling sales with the cancellation of orders and the delays of delive...
2010-06-29 06:58:36
HHI pens SK capes [Shipping]
SK Shipping boosted to six its capesize-bulker newbuilding tally at domestic yards. The South Korean tanker and bulker owner has ordered two more capesizes at Hyundai Heavy Industries. The earlier four were booked at Sungdong Shipbuilding & M...
2010-06-28 08:04:02
STX Dalian eyes LNG newbuild [Offshore]
South Korean STX Group-controlled STX Dalian Shipbuilding Co has joined the ranks of Chinese shipyards bidding for upcoming foreign LNG-newbuilding orders. Industry insiders say representatives from both energy giant ExxonMobil and BG Group have ...
2010-06-28 08:01:35
Hyundai in talks for tanker orders [Shipbuilding]
A global trader Glencore is talking to South Korea's Hyundai Heavy Industries for at least three newbuildings. Glencore shipping arm ST Shipping & Transport is looking to grow its tanker fleet with orders for more newbuildings. Sources say th...
2010-06-28 08:00:15
Bourbon plans $2bn newbuild spree [Offshore]
French offshore behemoth Bourbon is to add nearly 150 extra vessels to its fleet over the next four and a half years in another massive expansion drive. Bourbon will use cash from today’s 16-ship sale to Genco plus loans from a Chinese bank to ...
2010-06-28 07:58:34
Samsung inks four suezmaxes [Shipbuilding]
Samsung Heavy Industries has inked four suezmax tankers with Malaysia's AET. AET is making it suezmax-owning debut with an over $270m order for tankers. The tanker subsidiary of Malaysia's MISC Berhad has signed for four units at Samsung. ...
2010-06-28 07:57:02
VLCC newbuild resale hits $111m [General]
Minerva Marine of Greece has reportedly bought a VLCC resale contract at Daewoo Shipbuilding & Marine Engineering in Korea. The 320,000-dwt ship due for delivery in August is said to have fetched $111m. Some say the deal may have been conclud...
2010-06-28 07:55:27
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