HHI profit to reach KRW3.15trn [Finance]
Hyundai Heavy Industries, the world's No. 1 shipbuilder is expected to post improved business results this year as its non-shipbuilding divisions grow and shipbuilding market recovers from its deep recession. Seoul-based Shinyoung Securities analy...
2010-05-14 06:47:32
'CIMPS 2010' around the corner [General]
The China International Marine, Port & Shipbuilding Fair is just around the corner, to be held in Nanjing, Jiangsu, China, during May 19th - 21st. The Korea Marine Equipment Association (KOMEA), together with nine Korean shipbuilding equipment man...
2010-05-14 06:41:18
Orders hit 'Post-Crisis High' [Shipbuilding]
April new orders marked the highest volume in 19 months, showing newbuilding market is markedly picking up. According to Clarkson weekly report and industry sources available on May 13th, a 114-ship orders totalling 2,065,412 CGT were contracted i...
2010-05-14 06:36:02
STX inks 6 BC's in May [Shipbuilding]
Korea's STX Group continues to win new orders in May in commercial ship and offshore supply vessel sectors. STX Offshore & Shipbuilding said it signed a contract in London on May 12th with a European shipping company to build two 83,000-dwt kamsar...
2010-05-13 11:52:11
China urges hi-tech TSHDs [Equipment]
As sharp growth of global dredging market, Chinese owners express huge passion for Trailing Suction Hopper Dredgers (TSHDs). Chinese TSHDs occupy nearly 80% of domestic market share. However, they don’t show excellent performances as owner’s ...
2010-05-13 09:52:57
China’s largest ro-pax out [Offshore]
On May 11th 2010, the MV BO HAI FEI ZHU, China’s largest ro-pax ship finished trial voyage successfully. The ship will be put into operation in Bohai Bay in late May. The ship, valued at CNY350m ($51.5m), was built by China’s Bohai Ferry C...
2010-05-13 09:51:31
Owners Rush to Builders [General]
Regardless of any idle ships in hands, shipowners may resume to rush to yards in the near future. The hot season seems to be coming as the number of idle boxships keeps decreasing, which shows a clear sign of recovery. However, experts pointed ...
2010-05-13 09:50:53
Time for revitalization [Equipment]
Brazilian President Luiz Inacio Lula da Silva says Brazil is restructuring to revitalize the shipbuilding industry The Brazilian government is hoping to revitalize its shipbuilding industry by building a new, powerful structure for the industry i...
2010-05-13 08:49:44
Austal closes Tasmanian yard [General]
Australian shipbuilder Austal is closing its Tasmanian shipyard and sacking 116 staff. The company said it will shed the jobs over the next four months. Employees were told of the job losses at a meeting with management this week. Head of...
2010-05-13 08:34:58
Naikai profit improves [Finance]
Japanese shipbuilder Naikai Zosen has improved net earnings in its full financial year. The shipyard said profit was JPY 1.94bn ($20.86m) in the 12 months to 31 March, up from JPY 1.29bn the year before. Revenues were up at JPY 65.9bn, agains...
2010-05-13 08:33:10
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