China new orders soar 10 times [Shipbuilding]
Chinese shipbuilders saw a tenfold surge in newbuilding orders following a rebound in ordering activity in the first quarter, and now commanded almost 50% of the global shipbuilding market, according to China’s Ministry of Industry and Information ...
2010-04-15 08:21:31
Hyundai to win more plant orders [Offshore]
Hyundai Heavy Industries, the world's biggest shipbuilder by orders, expects to easily achieve, if not surpass, its order target of $2 billion for its industrial plant and engineering business this year as it banks on getting large non-shipbuilding p...
2010-04-15 08:19:14
Pipavav denies cancellations [Shipbuilding]
India’s newly-established private shipbuilder Pipavav Shipyard clarified Tuesday that the media reports about the company cancelling two ship orders worth USD 75 millions is false and baseless. According to media reports the company is likely to...
2010-04-15 08:16:40
ThyssenKrupp, ADM seal shipyard deal [General]
ThyssenKrupp AG said Wednesday it has signed a deal with Abu Dhabi MAR Group that will mark the German industrial conglomerate's exit from civil shipbuilding and shift focus to the construction of military vessels. Following the signing of a memo...
2010-04-15 08:14:52
CMT orders two more VLOCs [Shipping]
One of Taiwan’s largest bulk carrier and logistics operators, Chinese Maritime Transport, has contracted CSBC, Taiwan’s largest shipbuilder, to build two 203,000-dwt capesize bulkers at a cost of near $130m. The latest deal came after the same sh...
2010-04-15 07:39:41
Korea-Japan worried over iron ore prices [Equipment]
Authorities of Korea and Japan exhibited their worries together about recent price increase of steel materials like iron ore. Global steel materials market is going under dramatic changes recently as major iron ore suppliers of Brazil and Austra...
2010-04-15 07:13:21
Steel Price Hike Hits Yards [Equipment]
Recent price increasing tendency in steel industry is expected to have a significant influence on shipbuilding industry. Moreover, shipbuilders are on the watch for the rising steel price as steel makers join price raising for survival along with ...
2010-04-15 07:11:52
Offshore Plants Recovery Signs [Offshore]
Offshore plants market is vitalizing the industry signalling gradual recovery as high oil price persists and economy signals recovery from this year. It will act as a favorable factor for shipbuilders who took advantage of special demand in drills...
2010-04-15 07:10:24
Rising Prices Spur Orders [General]
As newbuilding price gets on an upward track, shipping companies are expected to place newbuilding orders competitively until next year. Eom Gyeong-ah, analyst at Seoul-based Shinyoung Securities said, "In the up-phase of newbuilding price, shipp...
2010-04-15 07:07:39
DNV unveils new boxship 'Quantum' [Shipping]
'Quantum' is the name of a new containership concept introduced by Det Norske Veritas (DNV), Norwegian classification society. The new concept is based on both technical and market research and innovation, and is designed to transport more cargo ...
2010-04-14 15:58:32
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