Ship financing, key to invigoration [Finance]
It is wide-spreading in the industry that business initiative acquisition war has begun since the global economic crisis and newbuilding prices already hit the bottom, amid shipping industry is signaling a huge scale of newbuilding orders recently. A...
2010-04-26 06:40:05
Giants help suppliers [Finance]
South Gyeongsang Province, Korea and shipbuilding giants in the region threw themselves with enthusiasm to support shipbuilding related small and medium-sized companies suffering from orders drought recently. South Gyeongsang Province, and three ...
2010-04-26 06:37:53
Builders still face crisis [Shipbuilding]
It seems that small and medium-sized shipbuilders continue to go through crisis while newbuilding market signals gradual recovery. The Export-Import Bank of Korea (Korea Eximbank) said in a small and medium-sized shipbuilding industry report recen...
2010-04-26 06:35:44
Posco ups plate prices 9.8% [Equipment]
South Korea's largest steel maker Posco announced today that it will raise the prices of its steel products by 9.8%-25.0% from May 3rd. Particularly, shipbuilding thick steel plate prices are to be pushed up by KRW 80,000 per ton or 9.8% to KRW 0....
2010-04-23 17:19:08
Hyundai donates for sunk Cheonan [General]
South Korea's Hyundai Heavy Industries Group donated KRW 400m ($360,848) on Friday to the country's public broadcaster Korean Broadcasting System (KBS) to express condolences to the family of the soldiers killed in the sunk Navy patrol combat corvett...
2010-04-23 14:18:37
Hyundai Mipo wins 4 bitumen ships [Shipbuilding]
South Korea's Hyundai Mipo Dockyard received a $100m order from Vroon of the Netherlands to build four bitumen ships, foreign media reports. The newbuildings are expected to be delivered around February, March, September and November 2011. Mea...
2010-04-23 12:42:45
Chengxi receives eight-bulker orders [Shipbuilding]
China’s Chengxi Shipyard has signed orders for a total of eight 45,000-dwt bulkers from two domestic shipowners, Shanghai Xiang An Shipping and DaTang Shipping, with four ships each. An official at the Jiangsu-based shipyard confirms the newbui...
2010-04-23 12:18:50
Fujian yards keep uptrend in Q1 [Shipbuilding]
According to statistics, in the first quarter the gross output value of shipbuilding industry in Fujian, China reached CNY3.65bn ($537m), rising by 15% against last year. In spite of global financial crisis, most local shipbuilders seem to have pr...
2010-04-23 09:57:21
Oil tanker market recovers [Shipping]
Norwegian shipbroker RS Platous issued report that one-third of Suezmax tankers delivered this year had already entered market in the first quarter and gained charter contracts successfully. Fortunately the charter freight is not influenced due to...
2010-04-23 09:56:40
China's anxiety on ship export future [Shipbuilding]
In 2009 China’s ship export volume surged sharply, which valued at $27.09bn and rose by 41.7% against 2008. But the future seems not so optimistic. Shipbuilding industry is characterized with long period and hysteresis to external changes. T...
2010-04-23 09:55:38
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