Netherlands builders visit Korea [Equipment]
Europe's largest shipbuilding power, Netherlands shipbuilders, recently visited Korea. KOTRA invited 10 major shipbuilding companies from the Netherlands and held a "Holland Marine Equipment Trade Meeting" in Busan. They visited a shipyard of...
2010-05-31 07:15:21
Doosan goes public [Finance]
Korean ship engine maker Doosan Engine is to be listed on the stock exchange this year. Doosan said on May 28th that now is the right time to go public as shipbuilding market entered an early phase of upturn. An official from the engine manufac...
2010-05-31 06:59:49
Builders getting greener [General]
Shipbuilders are increasingly developing brand new eco-friendly ships and marine propulsion systems. Promptly responding to IMO's tightening regulations and adding more competitive edge, Hyundai Heavy Industries recently developed the HiMSEN H35G,...
2010-05-31 06:45:32
Korean builders: Chinese 'Role Model' [Shipbuilding]
The shipbuilding market mired in recession for over one year since financial crisis broke out. Order drought, order cancellation and delivery delays occurred from time to time. Korean shipbuilders adopted serial treasures for development strategy and...
2010-05-28 15:54:56
Daewoo unveils LNG-FPSO [Offshore]
Korea's Daewoo Shipbuilding & Marine Engineering has unveiled its own generic LNG floating production, storage and offloading (FPSO) unit at the FLNG 2010 meeting in Barcelona. Daewoo executive vice-president marketing engineering Brendan Jeong s...
2010-05-28 15:13:49
STX signs 140,000-gt cruiseship [Shipbuilding]
STX France has reportedly firmed up an order for a 140,000-gt post-panamax cruiseship from MSC Cruises, following the signing of an LOI in February for construction at the St Nazaire yard of a sistership to the Italian owner’s 138,000-gt MSC Fantas...
2010-05-28 14:50:18
Samsung inks 7th Stena suezmax [Shipbuilding]
Samsung Heavy Industries won one more 158,000-dwt suezmax tanker order from Swedish shipowner Stena Bulk. The newbuilding is costing $69.5m and slated for delivery in December 2012. The ship is a sistership to the sextet previously ordered by t...
2010-05-28 14:32:27
Solomon orders 12 BC's [Finance]
Solomon Mutual Saving Bank's parent company Solomon Financial Group of South Korea has set up a newbuilding fund 'Blue Marine' to the tune of around $500m and ordered 12 bulk carriers at domestic major shipbuilders. The fund established a special pur...
2010-05-28 12:08:57
Samkang wins $2.5m deal in Vietnam [Equipment]
Korean steel pipe manufacturer Samkang M&T said Friday that it has been awarded the second contract following March deal, to supply steel pipes to Vietnam’s state-owned Petrovietnam Technical Servises Corporation (PTSC) for $2.523m. It is scheduled...
2010-05-28 11:51:52
CMT inks capesize pair [Shipbuilding]
On May 27th Chinese Maritime Transport Ltd. (CMT) signed a contract with compatriot CSBC Corporation to build two Capesize bulk carriers, scheduled to be delivered in 2012. The order totaled $129m, namely $64.5m per unit on average, not far from...
2010-05-28 10:41:23
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