Hyundai wins 6 VLOC's [Shipbuilding]
In an unusual deal, shipping financier Fortis Bank Nederland is understood to have acted as main contractor in a capesize series order at Hyundai Heavy Industries in Korea under a charter agreement with BHP Billiton. The order involves six ore-st...
2010-05-24 06:44:00
Most S&M yards posted losses [Finance]
Most of Korea's small- and medium-sized shipbuilders plunged to the red ink last year due to losses from financial derivatives. 19 S&M-sized shipbuilding companies have so far posted 2009 annual business results to the Korea Stock Exchange, and of...
2010-05-24 06:38:23
Daehan inks cape quartet [Finance]
Korea's Daehan Shipbuilding revealed it signed newbuilding contracts for four 180,000-dwt bulk carriers with two shipowners on May 19th. The two owners inked a pair of capesize bulkers each. Daehan said the vessels are due for delivery since 20...
2010-05-24 06:36:34
KOMEA-JASI clinch MOU [Equipment]
During the China International Marine, Port & Shipbuilding (CIMPS) Fair, the Korea Marine Equipment Association (KOMEA) signed a memorandum of understanding (MOU) with the Jiangsu Association of Shipbuilding Industry (JASI) on May 21st in Nanjing, Ji...
2010-05-24 06:34:30
Samsung ranks No.1 [General]
Korea's Samsung Heavy Industries ranked first worldwide by orderbook for the first time since it was established 36 years ago in 1974. According to Clarkson Research Services data, SHI's order backlog stood at 8.065m cgt as of the end of April. ...
2010-05-24 06:33:28
Newbuild Prices Rising [Equipment]
Korean major shipyards are seeking a 10% to 16% increase in prices, signalling an end to a period of heavy discounting to revive the market. The move effectively closes the door on owners hoping to take advantage of rock-bottom prices and runs th...
2010-05-24 06:31:12
Greek President meets COSCO chief [Shipping]
On May 19th 2010, Chairman Wei Jiafu of COSOS met with Greek President Karolos Papoulias. As the leader of CKYH alliance, namely COSCO, Kawasaki Kisen Kaisha, Hanjin Shipping and Yang Ming Line, Wei expressed the Chinese group would splash more in...
2010-05-24 01:40:13
New round drought to storm China [Equipment]
Last week, China’s Ministry of Industry and Information Technology (MITT) issued relevant statistics of Chinese shipbuilding industry in the past four month. The output reached 18.6m dwt, rising by 94.9% against last year. The amount of new orders ...
2010-05-24 01:39:15
German to compete with Asian [Offshore]
Recently Korean shipbuilders have harvested lots of newbuilding and offshore plant orders. By price strategy, Korea stepped out of order drought. In tradition, usually the offshore plants are the last straw to clutch at for European shipyards. As ...
2010-05-24 01:38:47
HHI not joining Petrobras bid [Offshore]
Korea's Hyundai Heavy Industries has decided not to join the bid to build $42bn worth of offshore plants for Brazil's state-run oil company Petrobras. The deadline of the tender is May 26th. An HHI official said, "Previously, we had planned to ...
2010-05-20 18:32:25
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