5% stronger CNY leads to yard losses [Shipbuilding]
Boao Forum for Asia 2010 was recently held in Hainan Province China. During BFA, a local journalist interviewed Wang Debao who is Vice president of Shanghai Waigaoqiao Shipbuilding (SWS). Wang expressed that the export dominated SWS’s orderbook....
2010-04-15 13:12:36
Korea took 51.5% of global orders [Shipbuilding]
South Korean shipbuilders regained its global No. 1 position from Chinese rivals, in terms of new orders in the first quarter of this year. According to announcements by the Ministry of Knowledge Economy (MKE) and the Korea Shipbuilders' Association...
2010-04-15 12:26:38
SHI's order intakes triple [Offshore]
Cumulative orders intakes so far this year of Samsung Heavy Industries (SHI) tripled to over USD 2bn, compared to the same period of last year. SHI announced on Apr. 15th that it recently won two 158,000-dwt oil tankers newbuilding order from a G...
2010-04-15 12:19:58
Yangzijiang secures six bulkers [Shipbuilding]
On April 12th 2010, China’s Jiangsu Yangzijiang Shipbuilding reached an agreement with compatriot Fujian Provincial Communication Transportation Group to build six 45,000-dwt bulk carriers. The ships are all designed by Chinese institutes for oc...
2010-04-15 09:41:39
Who will take Evergreen’s huge cake? [Finance]
As is reported earlier, Zhang Rongfa, Chairman of Evergreen Group, revealed 100-unit boxships newbuilding plan would be triggered. The largest order among them, namely 32-unit 8,000 TEU boxships, will be negotiated with several related shipyards o...
2010-04-15 09:40:55
Chinese newbuild output up 128% in Q1 [Finance]
According to statistics issued by Ministry of Industry and Information Technology (MIIT), China’s shipbuilding output reached 14.57m dwt in the first quarter, rising by 128% against last year. It occupies 41.1% of global share. The export takes...
2010-04-15 09:39:23
Greece subsidized Hellenic Shipyards ? [General]
Greece is being chased by the European Commission for over $300m over allegedly illegal subsidies to Hellenic Shipyards (HSY). The legal threat from the EC somewhat ironically comes at a time when the Greek economy is seeking financial aid from B...
2010-04-15 08:29:52
Keppel buys Brazil shipyard [General]
Singapore’s Keppel Offshore & Marine (Keppel O&M) is buying the Estaleiro TWB shipyard in Brazil. Its Brazilian subsidiary, Navegantes Maritime Construction and Services, will spend $50m on the facility, including upgrades and modernisation. ...
2010-04-15 08:27:35
Jurong inks $350m jack-up rig [Offshore]
John Fredriksen’s Seadrill has exercised its option on a jack-up newbuilding after securing a long-term contract for the rig with Statoil. Oslo-listed Seadrill will pay $350m for the rig at Singapore’s Jurong Shipyard, a statement says. S...
2010-04-15 08:26:19
VLCC delays to reach 25% [Shipping]
One in four VLCC newbuildings ordered for delivery this year will fail to hit the water as planned, says RS Platou Markets. Owners grappling with financing difficulties and problems at shipyards will both contribute to the shortfall, its latest q...
2010-04-15 08:23:18
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