Stricter Regulations: Take Chance! [Equipment]
While environmental regulations on ships are tightening, only those shipbuilders with credible eco-friendly technologies will survive in the future. Industry pundits expect that the Energy Efficiency Design Index (EEDI) and Energy Efficient Operat...
2010-04-30 06:42:46
Chinese Loss Contest? [Shipping]
By April 27th the annual reports 2009 of Chinese state-owned shipping tycoons have all been issued, which sounded like a Chinese loss contest. The amount of these reports comes up to 1,668. A few days ago, China Shipping Container Lines Compan...
2010-04-30 02:00:10
Rongsheng IPO plan countdown [Finance]
The IPO plan of China’s Rongsheng Heavy Industries Group seems as a long story. Now the story will run to the end soon. It enters countdown stage. As No.1 Chinese private shipbuilder, Rongsheng will be listed in Hong Kong within this year for co...
2010-04-30 01:59:28
Fangyuan inks $735m order [Shipbuilding]
China's Zhejiang Fangyuan Ship Industry recently gained an order for 40 marine mining ships from Indonesia. Furthermore, a cooperation agreement was signed about the reclamation project by both sides. The contract valued nearly CNY5bn ($735m), ...
2010-04-30 01:58:40
Yards agonize over smartphone adoption [General]
Along with Korean conglomerates', including POSCO, distribution of smartphones to their employees, the Korean shipbuilding 'Big Four' including Hyundai Heavy Industries (HHI) got into discussion with mobile telecommunication companies on introduction...
2010-04-29 16:07:45
Korean equip makers go abroad [Equipment]
According to Ulsan city of Korea on Apr. 28th, small and medium-sized offshore and shipbuilding equipments manufacturers of Ulsan, which have been accumulating high technologies supplying parts to the World No.1 shipbuilding company, Hyundai Heavy In...
2010-04-29 15:58:13
Dutch premier at Samsung's yard [General]
Samsung Heavy Industries (SHI) of Korea announced that Jan Peter Balkenende, prime minister of the Netherlands, visited Geoje yard to wish for successful completion of LNG-FPSO project ordered by Royal Dutch Shell and encouraged personnels in charge ...
2010-04-29 12:42:06
CSG prepares for fluctuation [Shipping]
Li Shaode, President of China Shipping (Group) Company, said the market was stepping to uptrend, especially in Europe and North America routes. But fluctuation still exists as a threat in upcoming days this year. According to 1st quarter statistic...
2010-04-29 10:11:02
Chinese invest $5.88bn in offshore [Offshore]
German classification society Germanischer Lloyd (GL) recently reported currently 15 Chinese shipbuilders invested about $5.88bn for offshore plant and project. That means huge potential financial demands. "At present 50% of global offshore pl...
2010-04-29 10:10:11
‘Overcapacity’ over? [Shipbuilding]
Greek shipbroker G.Moundreas recently expressed in Athens that the order cancellation and delivery delays of newly built dry/bulk cargo ships would reach over 50%. Less than 900 new ships are considered to enter the market. However, the demand for...
2010-04-29 10:09:04
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