USC Shipyard Plans [Shipbuilding]
Russian state shipyard holding company United Shipbuilding Corporation (USC) has revealed its scheme to increase capacity use through modernisation. Deputy director Dmitry Mironenkov told reporters that a "dot modernisation" programme will cost b...
2010-05-27 08:17:35
Greek and German have equal backlogs [Shipping]
While the industry is still making a guess at how much of the current orderbook will actually be delivered from shipyards around the globe, Greek and German owners are running equal in terms of the value of newbuilding orders, according to Clarkson R...
2010-05-27 08:15:30
POSCO inks deal to buy Daewoo Int'l [General]
Korea's POSCO said on Tuesday it had signed a preliminary agreement to buy Daewoo International, in what could become its biggest acquisition to date as the steelmaker looks to secure raw materials and boost overseas sales. POSCO beat retail-focus...
2010-05-27 08:13:01
Builders call for price hike [Shipbuilding]
Daishin Securities said Korean shipbuilders are asking for a rise in shipbuilding prices on several models and whether it will be accepted will be decided late this year. Korean shipbuilders are reportedly trying to adjust upward their shipbuildi...
2010-05-27 07:43:50
Hanjin cancels boxship trio [Shipbuilding]
Korean shipbuilder Hanjin Heavy Industries & Construction has cancelled a KRW 372.8bn ($297.4m) shipbuilding order after the European owner failed to arrange financing for the containerships. Hanjin did not identify the shipowner or the size of th...
2010-05-27 07:36:12
Hyundai inks cape pair [Shipbuilding]
Hyundai Heavy Industries inked a pair of capesize bulkers with Golden Bridge Asset Management. The 180,000-dwt vessels will be delivered in the second half of 2011 and chartered to a Korean shipping firm. The Golden cape order marks the second ...
2010-05-27 07:12:54
Yards benefit from weakening won [Finance]
South Korean shipbuilders expect short-term profit from skyrocketing won/dollar exchange rates caused by deteriorating inter-Korean relations and Europe's financial woes. Won/dollar exchange rates ended at KRW 1253.3 against US dollar on Wednesday...
2010-05-27 07:01:12
State Support Needed: S&M builders [Shipbuilding]
Korea's small- & medium-sized shipbuilders seem to be slowly getting out of the recession. In the first quarter of this year, they contracted new ship orders totalling 867,000 cgt worth $1.72bn, compared to '0' in the same period of last year. ...
2010-05-27 06:56:39
Doosan develops low-vibration Eco-engine [Equipment]
Korea's Doosan Engine has developed an environmentally friendly vibration-controlled ship engine which reduced vibration by more than 50% compared to existing marine engines. On May 26th, the engine maker held a production ceremony for the DOOSAN-...
2010-05-26 15:41:56
Korea launches 2nd ship fund [Finance]
The Ministry of Land, Transport and Maritime Affairs (MLTM) of South Korea said Wednesday that it has approved 'The 2nd Hanbada Ship Investment Co', the second private-sector ship fund for newbuildings. 'The 2nd Hanbada' is the second private newb...
2010-05-26 13:36:04
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