WAS Korea seems unviable [Equipment]
Wartsila Accommodation Systems Korea (WAS Korea), a Korean marine equipment manufacturer specializing in ship's cabin unit, modular bathroom, wall & ceiling panel, etc., seems financially unviable as its company value turned to minus figures after it...
2010-06-01 12:55:02
Shell's choice: Mark III type FLNG [Offshore]
Energy major Shell has selected Mark III-type membrane-containment systems as the 'base case' to work with on the design of its generic floating LNG (FLNG) unit. Front-end engineering and design (FEED) contractors Samsung Heavy Industries and Tec...
2010-06-01 12:01:04
'New Shipbuilding Cluster' Plan [Equipment]
South Korea's Saemangeum Gunsan Free Economic Zone Authority said Monday that it is set to establish a shipbuilding and marine engineering cluster on a 10,000㎢ site within the SGFEZ. It said it has set up a consortium for the project, consisting...
2010-06-01 11:39:55
'Shipyard Town' project resumes [Shipbuilding]
Design work for the Goheung Shipbuilding Town to be located in South Jeolla Province, South Korea has started. Goheung County said the design work begun since May 19th after a negotiation was held with subcontractor company on May 14th. The shi...
2010-06-01 10:52:46
CSBC passed tough time [Shipbuilding]
General Tan Taiping of CSBC Corporation recently said CSBC was weathering a smooth period compared to other global rivals. CSBC’s orderbook includes 42 commercial ships and 18 warships before first beginning of 2013. However, Tan admitted global...
2010-06-01 10:23:31
Demolition peak comes [General]
Chinese demolition industry keeps heating since 2009. More and more shipyards took demolition as subsidiary business. How long will booming time last? And will overcapacity also occur in demolition industry? According to Clarkson statistics, 953 s...
2010-06-01 10:22:55
Norway leaders visit Yantai Raffles [Offshore]
On May 30th, the Norwegian Minister of Petroleum & Energy, Mr. Terje Riis-Johansen, has led a delegation to visit Yantai CIMC Raffles Offshore Limited (“CIMC Raffles”) located in northeastern Shandong province, People's Republic of China. The...
2010-06-01 08:52:01
Odfjell offloads Bow Prima [General]
Norwegian owner Odfjell has lost over $3m in the sale of yet another chemical tanker for scrap. The Oslo-listed company has let the 46,500-dwt Bow Prima (built 1987) go for demolition in China. Odfjell remained mum on the buyer or purchase pr...
2010-06-01 08:33:00
Pipavav sinks into red [Finance]
High costs and delivery delays sent Indian shipbuilder Pipavav Shipyard to a full-year loss. The company’s expenses far outweighed sales but some costs associated with delays sent the bottom line down even further. The net loss for the year...
2010-06-01 08:31:11
GSI expands capacity [Shipbuilding]
Hong Kong-listed Guangzhou Shipyard International says its soon-to-be-operational base in Zhongshan, a prefecture-level city in the south of the Pearl River Delta, will absorb part of the production processes from its fabrication yard in Guangzhou ci...
2010-06-01 08:29:59
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