Samsung adds suez pair [Shipbuilding]
Nordic American Tanker Shipping (NAT) has ordered two suezmax tanker newbuildings at Samsung Heavy Industries in South Korea at a total price of $130m. The order comes about three months after the spot-market-oriented suezmax specialist raised $1...
2010-04-13 07:41:41
Russian win modernization cash [Finance]
Russian prime minister Vladimir Putin has allocated millions of rubles to upgrade two shipyards. He said the Sevmash yard will pocket RUB 55m ($1.89m) from the state budget this year to buy new equipment. Sevmash has also won government backi...
2010-04-13 07:35:38
How iron ore price hike will affect? [Equipment]
How much effect the rise in raw materials prices, particularly iron ore, will have on newbuilding prices in the future is becoming an issue in the industry. According to related industry sources on Apr. 11th, POSCO of Korea and Nippon Steel Corpor...
2010-04-13 07:15:37
'Hope' found: Korea marine suppliers [Equipment]
Shipbuilding equipments manufacturing companies and shipbuilding equipments specialized export trading corporations of Korea met together for the first time and held an export fair to find the hope of 'symbiosis'. 'Shipbuilding Equipments Export F...
2010-04-13 07:13:42
Yards Expecting New Orders [Shipbuilding]
Projection of Korean shipbuilders' newbuilding orders intake is getting more optimistic as the largest containerships operating company of Taiwan, Evergreen will reportedly start negotiations with yards from four countries in the Far East to place as...
2010-04-13 07:09:06
Recovery On Track [Shipbuilding]
Shipbuilding market seems to have entered a gradual but firm recovery phase. Seoul-based Hana Daetoo Securities recently upward adjusted its investment opinion on shipbuilding stocks to 'Buy More', saying "New ship ordering has passed the worst an...
2010-04-13 07:06:40
Daeyang moves HQ to Dalian [Equipment]
Korea’s Daeyang Shipping has located its headquarters in Dalian, China. A signing ceremony was held recently in Dalian. This is the first ‘headquarter’ lying in Jinzhou New District area. This event will push the Dalian’s establishment...
2010-04-12 14:14:24
Hyundai Steel rolls out first shipbuilding plate [Equipment]
Hyundai Steel, South Korea's No. 2 steelmaker following Posco, said Monday that it has started commercial production of heavy steel plates for shipbuilding at its new plant in Dangjin, South Chungcheong Province, South Korea. The new plant in Dan...
2010-04-12 13:43:08
Jingsui to win boat orders from Chile [Equipment]
"The Chilean government urgently ordered 150 boats from China after earthquake broke out. We are among candidates to share," said a representative from Jingsui Group on April 10th 2010. As is reported earlier, an 8.8 earthquake hit Chile on Februa...
2010-04-12 12:37:37
Chinese entry into ethylene shipping [Shipping]
On April 9th 2010, China Changjiang National Shipping (Group) Corporation (CSC) recently announced that the group would cooperate with China Petroleum and Chemical Corporation (SINOPEC) to establish China-owned ethylene carrier fleet, occupying the g...
2010-04-12 11:23:09
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