STX secures more BOC loans [Finance]
South Korean shipping giant STX Pan Ocean is set to secure more financing from a Chinese bank for the newbuildings it has under construction in China. A company official says Bank of China (BOC) is looking to dish out $300m for six capesize bulke...
2010-04-19 07:47:58
Goldman sells stakes in Asian yards [Finance]
Investment bank Goldman Sachs has withdrawn most of its private-equity investment in Far Eastern shipyards out of apparent frustration over delays in plans to list the companies in Asia. Goldman has now sold its holding in both Rongsheng Heavy In...
2010-04-19 07:45:37
Davie to axe more workers [General]
Canada’s Davie Shipyards will lay off another 100 workers temporarily as it seeks to preserve working capital. The Quebec yard is restructuring after seeking creditor protection under the Companies' Creditors Arrangement Act (CCAA) in February....
2010-04-19 07:41:18
Transpetro orders 8 LPG carriers [Shipping]
Transpetro has confirmed Promar Ceara has won a contract from the Brazilian tanker outfit to build eight LPG carriers, the company announced Friday. Rio de Janeiro-based Transpetro, which owns 53 tankers and has a 49-ship newbuilding program has ...
2010-04-19 07:39:47
IFRS revision disadvantageous for Korean [Finance]
Korean shipbuilding industry is on emergency alert as International Financial Reporting Standards (IFRS) was revised disadvantageously to them. Shipbuilding industry asked to meet the chairman of International Accounting Standards Board (IASB) visiti...
2010-04-19 07:28:41
POSCO seeks to buy Ukrainian supplier [Equipment]
The largest steel maker of Korea, POSCO is working on Ukrainian Zaporizhstal M&A from February, noticing high growth potential of its surroundings. According to industry sources, POSCO recently acquired qualification for the bid after participati...
2010-04-19 07:27:13
C&HI yard goes on auction [Equipment]
It is gathering industry attention as a yard and a large ship of C& Heavy Industries (C&HI) and C&Cruise (C&C) of Korea were put on the market for sale amid overall downturn of shipbuilding industry. According to auction industry on Apr. 16th, Mok...
2010-04-19 07:25:17
STX signs quartet [Offshore]
STX Offshore & Shipbuilding is continuing to secure new orders in April. The Korean shipbuilder said it has inked one kamsarmax bulker newbuilding order with Singaporean shipowner on April 7th and another same-type ship contract with Greek owner o...
2010-04-19 07:01:38
Korean push up competitive edge [General]
Korean shipbuilding companies are reinforcing competitiveness through self-revamping amid intense competition with China for taking initiative in global newbuilding market. Korean shipbuilders sat on top place defeating China taking 51.5% of tota...
2010-04-19 06:58:32
High Oil Prices: Key to Recovery [General]
Expectancy of earlier hopeful days for shipbuilding industry is building up. Newbuilding price has not been recovered yet, but orders intakes in the first quarter of this year hiked compared to last year's and the increasing tendency is continuing...
2010-04-19 06:55:37
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