IMO's new construction standards [General]
The International Maritime Organization is poised formally to adopt a historic shift to goal-based construction standards for newly built ships. The expected adoption of goal-based rules at the IMO’s Maritime Safety Committee, which opens in Lo...
2010-05-12 07:32:46
ABS-CCS deepen LNG cooperation [Offshore]
Increased interest in the building of liquefied natural gas (LNG) carriers at Chinese shipyards spurred the recent Large LNG Carriers Forum, held in Shanghai, and conducted jointly by classification societies ABS and CCS (China Classification Society...
2010-05-12 07:29:28
Posco to buy Daewoo [General]
Daewoo International Corp rose the most in seven months in Seoul trading after Korean media reported Posco may be the preferred bidder for the trading company with a 3.4 trillion won ($3 billion) offer. Posco, Asia’s third-biggest steelmaker, i...
2010-05-12 07:27:20
Asry sales top $132m [Finance]
Arab Shipbuilding and Repairyard Company (Asry) said its sales topped $132.184 million last year. The number of ships repaired last year was 168, which was the highest figure in the company's history, compared to 133 vessels in 2008, the company ...
2010-05-12 07:24:59
Japanese offer early deliveries [Shipbuilding]
Some Japanese shipbuilders are offering 'shorter-term' deliveries in 2011 and 2012 in a bid to win new orders. They are creating shorter term delivery berths by adjusting existing orderbook because orders for delivery from 2013 onwards are difficu...
2010-05-12 06:51:46
Big 3 vie in China [Equipment]
Competition between Korea's Big 3 shipbuilders in China is getting fierce while newbuilding orders are picking up. According to industry sources, Hyundai Heavy Industries deployed its high ranking officials to Qingdao Hyundai Shipbuilding in China...
2010-05-12 06:48:40
Hanjin spins off TMS [General]
Korea's Hanjin Heavy Industries & Construction is reportedly considering separating its technology department as an independent corporation, in an effort to cut costs, including personnel expenses, and enhance competitive edge. The department empl...
2010-05-12 06:47:01
Sungdong names First Crude Tanker [Shipbuilding]
Korea's Sungdong Shipbuilding & Marine Engineering has successfully rolled out its first crude oil tanker. The yard held a naming ceremony earlier today for the Paramount Hanover, an 115,000-dwt Aframax crude oil tanker christened by Mrs. Yang Ber...
2010-05-11 12:17:11
COSCO Singapore revenue up 10% [Offshore]
In spite of severe blow in ship repair, conversion and dry/bulk cargo shipping, COSCO Corporation (Singapore) finished an excellent mission in shipbuilding and offshore plant market. The revenue of COSCO Singapore in the 1st quarter achieved $6.0m...
2010-05-11 10:02:37
CSBC profit up [Finance]
Taiwanese CSBC Corporation seems to have stepped out of recession since March. As is known, global shipbuilding industry was experiencing tough time since financial crisis broke out in late 2008. CSBC earned around TWD20m ($0.63m) in January w...
2010-05-11 10:02:03
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