Slumping ship equips industry [Equipment]
It turned out that automobile equipments industry was the most flourishing industry while shipbuilding equipments industry went through the worst slump ever among manufacturing businesses in Busan, South Korea, in the first quarter of this year. ...
2010-04-23 07:07:41
Shipbuilders busy preparing IFRS [Finance]
Korean shipbuilding industry is busy preparing for the introduction of International Financial Reporting Standards (IFRS) which will come into effect from next year. STX Offshore & Shipbuilding (STX O&S) already decided to adopt IFRS, and Hyundai...
2010-04-23 07:05:24
HHI Posts Record Profit [Finance]
The world's No. 1 shipbuilder Hyundai Heavy Industries posted the highest ever business results in the first three months of the year. South Korea's Hyundai Heavy Industries said on April 22nd that it has achieved revenue of KRW 5.3064trn ($4.788b...
2010-04-23 06:53:06
Korea sets up offshore equips R&D center [Equipment]
Geoje city of Korea announced on Apr. 21st that it will hold a groundbreaking ceremony of offshore plants test certification center of Korea Marine Equipment Research Institute (Komeri) South Gyeongsang Province branch, an offshore plants equipments ...
2010-04-22 16:28:14
Samsung inks nine aframaxes [Shipbuilding]
South Korea's Samsung Heavy Industries said today that it has signed a $500m contract with a Greek shipowner to build nine 115,000-dwt aframax tankers. It is said an option to order three more vessels within a month is attached to the contract. ...
2010-04-22 12:20:40
Nigeria urged to develop local yards [General]
AS the 132 vessels belonging to the Nigerian Liquefied Natural Gas Company (NLNG) are said to be due for dry docking, stakeholders have started asking for a measure of political will that would enable Nigeria to establish high capacity shiprepair yar...
2010-04-22 12:03:29
STX shows at 'LNG 16' [General]
STX Group of Korea announced on Apr. 22nd that it conducted various kinds of promotions at 'The 16th Liquified Natural Gas International Conference and Exhibition' (LNG16) held in Oran, Algeria from Apr. 18th to Apr. 21st. More than 200 companie...
2010-04-22 11:20:58
CSBC keeps orderbook till 2013 [Equipment]
Tanwan’s CSBC Corporation has shown stronger trend than its performance in 2009. In spite of global financial crisis, CSBC becomes the very few worldwide shipbuilders who are still able to win new orders. Even in the worst time of 2009, CSBC kep...
2010-04-22 09:47:49
Fleet expansion stormed Taiwan [Shipping]
Most Taiwanese shipping companies have showed optimism on upcoming global economy climate. As a result, the fleet expansion plans came out one after another. Chinese Maritime Transport (CMT) purchased three new ships from Shanghai Waigaoqiao Ship...
2010-04-22 09:47:19
OOCL’s revenue up nearly 20% [Shipping]
Orient Overseas Container Line (OOCL) recently issued operation report of 1st quarter. OOCL wined an excellent beginning in 1st quarter. The revenue of previous months reached $1.1bn, rising by 18.9% against last year. The Asia to Europe route ...
2010-04-22 09:46:29
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