Evergreen awaits lowest bid [Shipping]
Evergreen is now receiving bids for 12 8,000-teu class containership newbuilding project from shipyards, as part of its massive $5bn worth of 100-ship newbuilding program it announced earlier. Taiwan's CSBC, Japan's Mitsubishi Heavy Industries and...
2010-05-26 06:27:55
Big3 hunt new orders [Shipbuilding]
Competition among Korea's 'Big 3' shipbuilders for commercial ship newbuilding orders is heating up in earnest. Hyundai Heavy Industries has recently signed a letter of intent to build six 205,000-dwt very large ore carriers reportedly for $66m-$6...
2010-05-26 06:25:48
Clipper to order 30 ships [Shipping]
On May 21st 2010, General Manager Jensen of Bahamas-based Clipper Group revealed they intended to order about 30 ships from China, India, Japan, Korea and Germany. Most of them will be registered in Bahamas, namely Bahamas flag. Indian Siva G...
2010-05-26 01:03:37
Retreating storm is coming [Shipbuilding]
Overall recovery occurred in China this year. According to Clarkson Research Services statistics, the amount of global new orders in April hit 114 ships of 2.06m CGT, increasing by 22.1% against a month earlier. China occupied 45 ships of 787,857 ...
2010-05-26 01:03:03
Rongsheng to be listed in Q2? [Finance]
Previously a rumor was spreading that the IPO plan of China’s Rongsheng Heavy Industries Group had been laid up due to financial tsunami. So far, President Chen Qiang of Rongsheng hasn’t responded at all. However, experts said the group’...
2010-05-26 01:02:28
Evergreen rebuffs CSBC’s offer [Shipping]
Taiwan shipbuilder CSBC’s quotation to 12-unit 8,000TEU boxships was recently refused by compatriot liner Evergreen. CSBC said a more competitive quotation would come out again next week, which shows CSBC’s ambition on the gigantic newbuildin...
2010-05-25 13:52:28
HHI cuts Japanese plate imports [Equipment]
Korean shipbuilding giant Hyundai Heavy Industries is mulling cutting imports of thick steel plates from Japan as Japanese mills plan to increase plate prices by a whopping 30% or so. An HHI official said Monday, "If Japanese steelmakers dramatica...
2010-05-25 12:32:25
Hyundai revenue shrinks [Finance]
Korea's Hyundai Heavy Industries said Monday that its revenue came up to KRW 1.6086trn ($1.278bn) for April, down 13.71% from a year earlier and down 16.86% from a month ago. The company's accumulative revenue for the first four months of this yea...
2010-05-25 12:09:52
STX enters Malaysia solar market [General]
Korea's SK Energy said Tuesday that it has singed a memorandum of understanding (MOU) on May 22nd with Malaysia's SHTP to construct solar power plant and solar battery/module factory in Malaysia. The signing ceremony was also attended by Malaysia'...
2010-05-25 11:31:24
COSCO enters semi-sub shipping [Offshore]
On May 20th 2010, a 50,000-dwt semi-submerged ship, ordered by COSCO Shipping, came out of the dock in CSSC Guangzhou Longxue Shipbuilding. As is introduced, this is the largest semi-submerged ship in Asia while another sister ship is under constr...
2010-05-25 09:59:24
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