'DUTCH MARINE 2010' Postponed [Equipment]
A shipbuilding equipments export fair, 'DUTCH MARINE 2010', which was scheduled to be held on the 20th and 21st of April, was postponed indefinitely, as Dutch shipbuilding equipments buying delegations from 11 companies could not get into Korea due t...
2010-04-20 13:10:55
HHI exports $160m power stations [Equipment]
Amid commercial ship orders drought, the world's No. 1 shipbuilder Hyundai Heavy Industries has been awarded a $160m contract to supply 120 units of Packaged Power Stations totaling 204 MW to Venezuela, the Korean company said on Tuesday. The powe...
2010-04-20 11:52:18
OECD WP6 calls out Korea [General]
The Ministry of Knowledge Economy (MKE) of Korea announced that major shipbuilding countries including Korea, China, Japan, and EU agreed at the 110th OECD Council Working Party on Shipbuilding (WP6) meeting to reopen 'New Shipbuilding Agreement' mee...
2010-04-20 11:41:16
CSIC Q1 Net Income Up 7.3% [Shipbuilding]
China Shipbuilding Industry Co. said first-quarter net income rose 7.3 percent to 315.9 million yuan ($46.3m), according to a filing to Shanghai’s stock exchange. Sales gained 11 percent to 4 billion yuan, according to the statement. The c...
2010-04-20 09:50:18
Boxship orders restart 2011 [Offshore]
Fresh boxship orders set to resume in the near future. A statistical expert says the market could start to see fresh boxship orders from 2011. A cocktail of elements that will tempt boxship owners to start ordering newbuildings again are se...
2010-04-20 09:42:41
Evergreen’s trick? [Shipping]
Experts believe that Evergreen released the news of 100-unit newbuilding boxships because the group could gain the maximum benefit from the price battle among shipbuilders. In early April, Zhang Rongfa, who is President of Evergreen Group, reveale...
2010-04-20 09:23:11
ICBC leasing over 60 ships [Finance]
China’s ICBC Leasing has signed over 60 ships for chartering, ranking 1st in domestic ship chartering industry. In late 2007, Industrial and Commercial Bank of China Limited (ICBC) set up a professional shipping financial leasing platform, namel...
2010-04-20 09:22:35
Bulker order rebounds [General]
As is reported earlier, Taiwan’s CSBC Corporation has contracted with compatriot Chinese Maritime Transport Ltd.(CMT) to build two-unit 203,000-dwt Capsize bulk carriers valued at $129m. The group’s President Tan Taiping pointed out that recen...
2010-04-20 09:21:53
JES closing on six kamsarmaxes [Shipbuilding]
A little-known Chinese player is said be close to a deal for six kamsarmax vessels as part of a plan to boost its international trade. Fujian-based Jimei Shipping Co is said to be in negotiations with Jiangsu Eastern Shipyard (JES). The vesse...
2010-04-20 08:21:04
Seven Seas cancels supramax again [Shipping]
Seven Seas Carriers of Bergen has cancelled a second supramax bulker at Yangzhou Dayang Shipbuilding in China. It was reported in December that the contract for the first unit had been cancelled. Managing director Christian Sundt says a cance...
2010-04-20 08:17:47
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