Dongkuk ups plate price [Equipment]
Korean steelmaker Dongkuk Steel Mill has decided, after discussions with major customers including shipbuilders, to raise prices for its steel plate products by KRW 80,000 ($72.27) per ton as of May 1st. Accordingly, Dongkuk's steel plate prices w...
2010-05-03 06:59:53
STX eyes $100bn revenue [General]
Korea's STX Business Group, which celebrated its 9th founding anniversary on May 1st, is establishing new strategies to attain revenue of $100bn by 2020. Its Future Strategy Committee, launched this year, is now coming up with concrete business st...
2010-05-03 06:56:32
HHI awarded $70m DPP deal [Equipment]
Korea's Hyundai Heavy Industries was recently awarded a $70m Diesel Power Plant (DPP) construction project from the Bangladesh Power Development Board (BPDB). Under the contract, HHI will build a 70MW power plant in Bera, Banladesh, which will be ...
2010-05-03 06:53:23
Samjin Takes Wing [Shipbuilding]
South Korean emerging shipbuilder Samjin Shipbuilding Industries (SSI), located in Weihai, Shandong, China, is spreading its wings while the market is now showing signs of improvement. SSI presently employs about 7,000 workers at the Chinese base ...
2010-05-03 06:50:34
PPL launches Sinopec drilling platform [Offshore]
On April 27th 2010, a self-elevating drilling platform, built by PPL Shipyard was launched successfully. The platform was ordered by China Petrochemical Corporation (Sinopec). The newbuiling valued at $200m. The project was started in January last...
2010-05-03 01:23:19
The game between builder and owner [Finance]
Since global financial crisis broke out in late 2008, more and more victims were emerging in shipping, shipbuilding and other supporting industries. The shipowner and shipyard began to re-negotiate about contract revision more frequently. The cont...
2010-05-03 01:21:48
Container shipping faces turnaround [General]
Vice President Lu Fenghai of Taiwanese Yang Ming Marine Transportation Corporation said the group had already come to turnaround in the 1st quarter while the freight rate of American and Asian routes would be raised during April and May. Consideri...
2010-05-03 01:20:48
Ouhua behind recent bulker orders [Shipbuilding]
China's Zhejiang Ouhua Shipbuilding is understood to have won bulker orders from two listed companies backed by Greek owners. According to announcements from New York-listed Safe Bulkers and Paragon Shipping, they are spending a total $175.9m on ...
2010-04-30 10:57:50
Wuchang sealing bulker order [Shipbuilding]
China's Wuchang Shipbuilding Industry’s new shipyard Qingdao Wuchuan Heavy Industry is in the final stage of negotiations to build four bulkers of 45,000 dwt, reportedly with Shanghai Time Shipping, a JV between China Shipping Development Co (CSDC)...
2010-04-30 10:46:08
Samsung wins 160,000-cbm LNG ships [Offshore]
Chevron has ordered two LNG carriers at Samsung Heavy Industries, ending order drought for this ship type at South Korean yards. A spokeswoman from the energy major confirms the ships are 160,000-cbm membrane-type vessels that will have dual-fuel...
2010-04-30 10:25:15
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