Busan, new hub of ship financing [Finance]
Busan city of Korea brightens the possibility of takeoff as a marine & specialized financing derivatives hub with its successful inducement of first outside financial institution after one year since Busan was designated as a financial centre recentl...
2010-02-18 07:24:21
Emergency operations to the fore [Shipbuilding]
As ship financing market is forecast to take a direct hit from financial crisis in Europe, Korean shipbuilding industry is getting into emergency management system. An official from Daewoo Shipbuilding & Marine Engineering (DSME) said, "We secure...
2010-02-18 07:22:16
Shipbuilding base groundbreaking [Shipbuilding]
On upcoming Feb. 23th, there will be a groundbreaking ceremony to construct the shipbuilding industry complex in Galsa bay in Hadong, North Gyeongsang province. The Galsaman shipbuilding industry, a to-be core complex in Hadong area of the Gwangyang ...
2010-02-18 07:20:48
Korean technology leakage [General]
Korean shipbuilders boasting the best technology in the world show their lack of security management to protect their technologies. Poor security system and moral laxity of some ship designers result in a huge hole in the security for Korea’s c...
2010-02-18 07:18:23
Shipbuilders ‘Revamping’ [General]
The recent topic brought up in shipbuilding industry is revamping. Big shipbuilders are trying to secure the competitiveness to overcome the recession through business diversification and small-and medium-sized ones through focusing on specialized sh...
2010-02-18 07:15:56
Hongkong restricts ship financing [Finance]
The investigation of the Hong Kong Polytechnic University showed that local banks have already restricted ship financing for both newbuildings and secondhand ships. Among 12 Hongkong banks, about 58% allowed 10 to 15 year loan repayment period for...
2010-02-17 16:05:18
Bulker optimism in 2010 [Shipping]
Jefferies & Co, New York’s investment bank, said that about 40% of bulk carrier orders which were scheduled to be delivered in 2010 has been cancelled, and accordingly, the newbuilding market will be booming again this year. An analyst from Jefferi...
2010-02-17 15:58:51
Samho pens more handies [Shipbuilding]
Korea's Samho Shipbuilding announced today that it has signed a newbuilding contract in Piraeus with Greece's Strand Management S.A. for two 32,000-dwt bulkers on Feb. 11th. The builder, located in Tongyoung city, South Gyungsang province, said th...
2010-02-17 12:09:10
China’s steel production to double [Equipment]
Following a detailed 18 month internal study, the managing director of the world's largest mining company says steel production in China is set to double by 2025. BHP Billiton chief, Marius Kloppers, has told the ABC's Inside Business that he's o...
2010-02-17 10:12:59
Crowley orders tugs at Bollinger [Offshore]
Crowley has signed a contract with Bollinger Shipyards to build two newly designed ocean going tugboats, with options for additional vessels. The 10,880-horsepower tugs are the beginning of a newbuild program at Crowley to boost its ocean towing,...
2010-02-17 09:57:19
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