CESA seeks aid for offshore wind farm planter [Offshore]
The Community of European Shipyards' Association (CESA) and the European Wind Energy Association (EWEA) are calling on the European Commission and the European Investment Bank (EIB) to support the building of new ships to serve the offshore wind ener...
2010-02-26 09:18:29
Georgiopoulos buys six new ships [Shipping]
Peter Georgiopoulos has wasted no time in building up the fleet of IPO hopeful Baltic Trading which has agreed to buy two capesizes and four supramaxes in deals worth $284m. Turkey's Geden Lines has banked $140m from the sale of the four 53,100-d...
2010-02-26 08:38:10
STX reserves icebreaker order [Offshore]
STX Finland has urged the Finnish government to make a quick decision on a vital icebreaker order. The shipbuilder’s boss Martin Landtman told the Kauppalehti daily that he hopes a deal will be struck soon. The contract could save its Helsi...
2010-02-26 08:33:40
China takes more cape orders [Shipbuilding]
Chinese shipbuilding yards increased their stake in the capesize bulk carrier orderbook by 3% last year, effectively downsizing the volume of contracts in South Korea and Japan. “Today, China’s shipyards are building 50% of all capesizes on or...
2010-02-26 08:29:28
Samsung moderates delivery conditions [Shipbuilding]
Samsung Heavy Industries executive vice-president CH Park said that the yard has agreed with several container lines to postpone deliveries of new containerships from 2011 to 2012 and 2013, though he would not give details of individual contracts or ...
2010-02-26 08:27:03
DSME opens wind turbine plant in Canada [Offshore]
South Korean shipbuilding giant Daewoo Shipbuilding & Marine Engineering is on the verge of resurrecting the mothballed TrentonWorks plant in Nova Scotia, according to Canadian press. An executive from Daewoo said in an interview with The Canadian...
2010-02-26 08:24:27
Dongkuk Steel profitability at risk [Equipment]
On Feb. 25th, Meritz Securities downgraded the investment opinion of Dongkuk Steel Mill, a Korean steel maker, into ‘neutral,’ saying that circumstances related to materials where the international price of slab shows an upward trend are fueling ...
2010-02-26 07:45:48
Hyundai Mipo union donates to Haiti [General]
Labor union of Hyundai Mipo Dockyard (chairman: Kim Won-bae) made a generous contribution raising around KRW 12m (USD 10.3K) to support desperate Haitians suffering from catastrophic earthquake following Hyundai Heavy Industries' labor union's contri...
2010-02-26 07:44:00
KR's Oh reappointed chairman [General]
Korea Register of Shipping (KR) announced in a regular general meeting at Korea Chamber of Commerce & Industry, Seoul on Feb. 24th that Oh Gong-gyun was reappointed as chairman of KRS. Accordingly, chairman Oh will be again in charge of managemen...
2010-02-26 07:40:52
Yards disturb foreign exchange market [Finance]
An argument has been brought up that the forward trading between shipbuilders are acting as a factor to disturb the foreign-exchange market. Some inspectors at the Bank of Korea argued on Feb. 25th in a report titled ‘the effects of exchange hed...
2010-02-26 07:38:22
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