POSCO raises plate price again [Equipment]
On June 22nd, POSCO announced that it will increase the prices of its products by 6% in the third quarter. The South Korea's largest steel maker said that it will increase the prices by KRW 50,000 ($42.2) a ton for hot rolled steel sheets and thic...
2010-06-24 07:11:33
SHI names 10,000TEU Hanjin Korea [Shipbuilding]
Samsung Heavy Industries held a naming ceremony on June 23rd for the 10,000-teu class Hanjin Korea built for compatriot shipowner Hanjin Shipping. It is the first time for a South Korean shipping company to own a 10,000-teu boxship. The ceremon...
2010-06-23 17:27:17
HHI develops ice-class LNG carrier [Shipbuilding]
Hyundai Heavy Industries is set to develop core technology to build ice-class LNG carriers and LNG-FPSOs. The South Korean shipbuilder recently took leadership in the 'Very Large Ultra Thick Aluminum Plate LNG Tank Manufacturing Technology' R&D pr...
2010-06-23 17:15:43
DSIC: Delivery every nine days [Shipbuilding]
Global shipbuilding industry was hit by severe blow during financial crisis. However, it seems no influence on China’s Dalian Shipbuilding Industry (DSIC), which keeps two-digital growth in terms of output value and revenue. As is revealed, DSI...
2010-06-23 12:47:16
Bulkers face challenge [Shipbuilding]
During global financial crisis, boxships experienced the toughest time ever among three major ship types, with lots of order cancellations. Korean shipyards suffered so much due large amount of boxships on orderbook. On the other hand, the bulk carri...
2010-06-23 09:45:11
PIL orders four MPPs [Offshore]
Recently Singaporean Pacific International Lines (PIL) ordered four MPPs and one container ship, from Chinese Dalian Shipbuilding Industry. Those ships will be put into operation in Far East to Africa route. As is introduced, the deadweight of MPP...
2010-06-23 09:44:38
Kamsarmax ships storming [Finance]
Kamsarmax type ship is becoming shipowner’s lucky dog gradually, especially for Greece. Greek owners have ordered $1.0bn Kamsarmax ships since January of this year. More orders may come out recently. The question is that Kamsarmax seems no advan...
2010-06-23 09:44:03
SCI to buy 60 ships [Shipping]
State-owned Shipping Corp of India (SCI) will buy 60 ships by 2015, according to boss Sabyasachi Hajara. The move will cost it INR 200bn ($4.35bn) The company also plans to diversify and enter into areas like shipbuilding, Hajara told the PTI news...
2010-06-23 08:20:48
OSX shipyard rough going [General]
Brazilian billionaire Eike Batista has hit back at efforts by an environmental group to derail a planned shipbuilding enterprise by saying the “regional decision is not final”. OSX Brasil is to appeal the denial by ICM Bio in the state of Santa C...
2010-06-23 08:18:39
Idle boxship fleet falls [Shipping]
Idle containership capacity continues to fall despite a flood of newbuilding deliveries. Only 380,000-teu remains in lay-up, representing 2.8% of the global fleet, compared with a peak of 12% only six months ago, Alphaliner says. Almost 70 bo...
2010-06-23 08:15:42
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