'3S' Need Cooperation [Equipment]
Cooperation and concerted action among shipbuilding, shipping and steel companies are required, Korean industry experts point out. The '3S' industries are backbone of Korean economy. Posco is the world's No. 4 steelmaker, Hyundai Heavy Industries,...
2010-05-07 07:02:11
EU crisis hits little [Finance]
The concerns that Greek financial crisis could spread into the entire euro zone are making Korean shipbuilders worried that the already-long-standing newbuilding orders drought could be prolonged further, as European financial crisis could freeze shi...
2010-05-07 06:55:38
Panamax ship booming or declining? [Shipping]
The Panamax ship becomes the focus in chartering market, which triggers the charter fees rising accordingly. However, Hermann Klein, who is shareholder of GL class, said the uptrend of Panamax ship would not be kept for long-term. With his spec...
2010-05-06 11:52:50
Recession to trigger price war [Finance]
China Association of the National Shipbuilding Industry (CANSI) recently expressed Chinese shipbuilding industry kept a sustainable growth during January to February, especially for newbuilding output. Obviously the delivery delays will be the challe...
2010-05-06 10:07:06
CSSC focuses on hi-tech transition [Shipbuilding]
On May 1st an open ceremony was held for Shipping Pavilion during Expo 2010 Shanghai China. President Tan Zuojun of China State Shipbuilding Corporation (CSSC) was present in the ceremony. Tan said currently CSSC was able to build all commercial s...
2010-05-06 10:05:50
Fire hits STX new cruise [General]
An investigation has begun into the cause of a blaze on an NCL newbuilding at STX Europe’s Saint-Nazaire yard in France. The fire broke out on the 153,000-gt ship on Monday, with reports saying it started in mattresses stored in a corridor befo...
2010-05-06 08:32:56
CMA CGM to cancel orders [Shipping]
CMA CGM is prepared to walk away from some of its newbuilding orders as it cleans up its balance sheet and brings in new investors. The French line revealed this extreme action as it reported a loss of $1.4bn for 2009, which compared with a 2008 p...
2010-05-06 08:29:35
Wan Hai to downsize CSBC orders [Shipping]
Taiwan’s Wan Hai Lines has denied that it plans to further delay the delivery of 12 containerships on order at CSBC. But a senior CSBC source said the yard was in talks with the line about the possibility of reducing the size of the boxships. He...
2010-05-06 08:27:14
Petrobras signs seven PCs [Shipping]
Transpetro, the logistics and shipping arm of state-controlled energy giant Petrobras, has signed 15-year charters for seven product tankers. Three 45,000 dwt tankers for dirty products will be chartered from Kingfish do Brasil Navegaç&ati...
2010-05-06 08:24:41
China ship exports surge 62% [Shipbuilding]
The value of ships and floating units exported by China’s shipyards increased by 62.2% in the first three months of this year to $9.5bn from $5.8bn in the same period last year, according to the Chinese Ministry of Industry and Information Technolo...
2010-05-06 08:20:27
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