Japanese new orders rise 2nd straight [Shipbuilding]
After falling for 14 months in a row, Japanese export ship orders rose for the second consecutive month in January on a year-on-year basis, surging by a robust 50.5 percent to 471,900 gross tons, according to figures released by the Japan Ship Export...
2010-02-19 08:23:58
PC orders growth to benefit HMD most [Shipbuilding]
Hyundai Mipo Dockyard (HMD) of Korea, a sister company of Hyundai Heavy Industries, is expected to be the most beneficial company in case that PC (Product Carrier) newbuilding market expands. Eom Kyeong-ah, an analyst at Seoul-based Shinyoung Secu...
2010-02-19 07:23:29
KR chairman Oh to serve consecutive [General]
Oh Kong-gyun, Chairman & CEO of Korean Register of Shipping (KR), seems most likely to win the consecutive terms. The only international ship inspector in Korea said on Feb. 17th that only Mr Oh, the current chairman, had registered as a candidat...
2010-02-19 07:21:53
China boosts offshore development [Offshore]
China which has been in aggressive quest of oil resources abroad is now turning its eyes to the exploitation of offshore oil resources at home. Industry sources said that according to the ‘2010 oil and gas development project’ that China Nati...
2010-02-19 07:19:49
Hanjin's vague performance prospect [Finance]
A Korean shipbuilding giant, Hanjin Heavy Industries & Construction (HHIC)'s performance improvement has become vague due to strong Korean won to US dollar and contracts cancellations. Jeon Jae-cheon, an analyst of Seoul-based Daishin Securities, ...
2010-02-19 07:17:46
Double Whammy: Prices↓, Cancellations↑ [Shipbuilding]
Shipbuilding industry is suffering from multiple torture of severe orders drought on top of crashing ship prices and contract cancellations. Accordingly, there are some negative opinions on receiving orders at this time when ship prices have falle...
2010-02-19 07:16:24
Restructuring resumes in April [Finance]
Constructing, shipbuilding, and shipping companies which took a direct hit by the economic recession are expected to be a prime subject to the restructuring this year following last year. Although overall economic indices have improved, the three...
2010-02-19 07:15:38
Shanghai launches shipping fund [Finance]
Shanghai Shipping Funds Investment Corporation (tentative English name) is scheduled to come out during China’s traditional spring festival, with registered capital of CNY200m ($29.4m) The first target of the company is to collect CNY5bn. The mo...
2010-02-18 16:09:07
Taiwan yards crisis [General]
Chinese government recently forced Indonesian fishing companies to remove their business away Taiwan’s shipbuilders. As was reported, the Indonesian government announced local fishing enterprises would stop ordering fishing trawlers in Taiwan, ...
2010-02-18 16:03:14
Turkish in dire straits as orders dry up [General]
Pre-crisis, the Tuzla shipyards were building 150 ships each year, but as global trade screeched to a halt the shipyard zone has been pulled into toward economic paralysis. Last year, the shipyards, located at the southern tip of Istanbul, saw produc...
2010-02-18 09:18:30
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