DSME M&A in H2 [Finance]
The Korea Development Bank chairman Min Yoo-sung said Daewoo Shipbuilding & Marine Engineering's acquisition tender will be promoted in the second half of the year, which had been originally scheduled for this month. Mr Min said, "Shipping market ...
2010-05-17 06:34:03
Greek spree for Boxships [General]
Greek shipowners are accelerating acquisition of containerships following the same move in tanker and bulker sectors. They seem to be believing that now is the right time to increase their fleet as ship prices have plummeted and seaborne box trade...
2010-05-17 06:30:59
RINA holds 2nd KSAC [General]
Italy's ship classification society RINA held the 2nd Korean Shipbuilding Advisory Committee (KSAC) in Busan, Korea, on May 14th and 15th 2010. It followed the success of last year's 1st Korean Shipbuilding Advisory Committee. On the 1st day on...
2010-05-17 06:28:24
Glovis inks PCTC pair & Cape [Shipbuilding]
Korea’s Glovis has scaled down its newbuilding plans for pure car/truck carriers (PCTCs). The logistic group made an announcement early this year that it wanted to order three 6,000-car-equivalent unit (ceu) vessels to meet growing demand. ...
2010-05-14 14:43:53
VLCC duo for Hyundai Samho [Shipbuilding]
Korea's Hyundai Samho Heavy Industries has received an order from Saudi Maritime Holding Co (Samco) to build two very large crude carriers (VLCCs). The ships are set for delivery in the second and third quarters of 2012. Samco managing directo...
2010-05-14 14:30:11
SHI may win 4 more LNG ships [Offshore]
Greece's GasLog Group is reportedly in talks with Samsung Heavy Industries (SHI) to build up to four LNG carriers. Sources say the owner is eyeing 160,000-cbm vessels of the same design as the two it recently named at the Korean shipyard. Tal...
2010-05-14 14:18:53
CSSC smooth growth in Q1 [Finance]
China State Shipbuilding Corporation, Chinaese largest shipbuilding group, experienced a smooth growth in the first quarter. The gross industrial output value of CSSC increased by 9.9% on year-on-year basis while the shipbuilding output value ros...
2010-05-14 12:15:07
Zhejiang ship exports to hit $1bn [Shipbuilding]
According to customs statistics, the export of large ships of Zhejiang Shipbuilding Company Limited reached 21 units valued at $500m in 2009. As is revealed, the number will climb up to 37 units of $1bn in 2010, mostly offshore orders. Currently ...
2010-05-14 09:56:16
Two China yards in global Top 15 [General]
The China Association of the National Shipbuilding Industry (CANSI) recently issued ranking of Chinese top10 and global top 40 shipbuilders 2009, in terms of newbuilding output. Then ranking was based on Clarkson Research Services' statistics. ...
2010-05-14 09:53:46
FPMC to be top in Taiwan [Shipping]
Taiwanese Formosa Plastics Marine Corporation (FPMC) announced the group intended to expand the fleet to 76 ships in three years. If the plan goes smooth, FPMC may become No.1 of bulk cargo transportation in Taiwan. Currently FPMC’s fleet inc...
2010-05-14 09:51:45
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