Slim chance of improvement [Offshore]
Both ship prices and freight rates, which are criteria to project the future situation of shipping and shipbuilding industries, are on the rise. Therefore, whether the situation of the industries will improve is drawing much attention. Accordin...
2010-02-25 07:28:11
Ship exports to decrease [General]
Contrary to the expectation that export in major industries starts to recover this year, export of ships by Korea which hit the record high last year is expected to decline. According to Korean Ministry of Knowledge Economy (MKE) and industry pl...
2010-02-25 07:25:05
War of keeping orderbook [Shipbuilding]
“The top priority for this year is to keep the existing orders intact,” a senior official from a shipbuilder said. Amid the order drought, contract cancellations, payment delays, and ship type alterations continue. The unprecedented requests...
2010-02-25 07:23:06
Nantong, capital of China’s shipbuilding [General]
Chinese Private Shipbuilder Summit was recently held in Nantong. The summit focused on how Chinese builders would go in the context of global financial crisis, as well as relevant policies. Mr Huang Mengfu, chairman of All-China Federation of Indu...
2010-02-25 01:38:38
Iran launched its first destroyer [General]
On February 19th, Iran’s first destroyer was launched in Abbas. Ayatollah Sayyed Ali Khamenei, Iran's Supreme Leader, was present in the ceremonay as well. The displacement of the destroyer reaches 1,420 tons. The cruise speed comes up to 30 kno...
2010-02-25 01:34:44
Chinese yards mired in silence [Shipbuilding]
With New Year beginning, Chinese shipbuilding industry faces new round severe competition. In the third quarter of 2009, new orders were slightly surging due to price slumping and shipowners’ bottom fishing. In January 2010, Korean shipbuilders ...
2010-02-25 01:33:58
L&T expands shipbuilding [Shipbuilding]
Over the next four-five years, L&T is targeting a revenue of Rs2,500 crore ($543m) from defence, nuclear and avionic segment India’s construction major Larsen & Toubro on Tuesday said it will invest $400 million in ramping up its shipbuilding ca...
2010-02-24 12:11:59
MAN Diesel and DSME green cooperation [Equipment]
A development agreement signed by MAN Diesel and Daewoo Shipbuilding & Marine Engineering (DSME) could broaden shipowners' fuel choices. The two companies are to jointly develop and exploit the adaptation of DSME's high-pressure cryogenic gas-sup...
2010-02-24 11:54:48
Leros mulls no cancellation [Shipping]
Greece’s Leros Management recently announced the prices of its ten newbuildings on order had slumped by $130m. Beyond all people’s expectation, the owner expressed no intention of cancellation or delivery delay, showing optimistic views and co...
2010-02-24 09:51:20
‘SEVAN DRILLER’ arrived in Cape Town [Offshore]
‘SEVAN DRILLER’, the world’s first cylindrical ultra-deepwater drilling platform built by China’s COSCO Nantong Shipyard, arrived in Cape Town, South Africa. The voyage began from November 23th 2009 in Qidong, China. The platform passed E...
2010-02-24 09:50:20
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