Tsakos eyes drillship orders [Offshore]
Greece’s Tsakos Group is considering making its debut in the offshore industry with a potential project for its first drillships. Sources close to the negotiations said the group is in talks with at least two major South Korean shipbuilders wit...
2010-02-05 06:57:57
Sembcorp builds new Brazil yard [Offshore]
Sembcorp Marine is to build a new shipyard in Brazil targeting the country’s fast growing offshore market. The Singapore-based company’s subsidiary Jurong Shipyard will undertake the project in Espirito Santo state, north of Rio de Janeiro. Th...
2010-02-05 06:53:22
Savings banks expand ship financing [Finance]
Korean savings bank industry eyes on 'ship financing' in an intent to discover long-term profit sources with preemptive investment believing that shipping industry reached its bottom point after a period of persistent depression following financial c...
2010-02-05 06:26:52
HHIC-Phil wins obligation guarantee [Finance]
Korea’s HHIC Holdings revealed in a regulatory filing on Feb. 3rd that it will provide HHIC-Phil, Hanjin Heavy Industries & Construction (HHIC)’s Philippines shipyard unit, with a guarantee of an obligation worth 175.17bn won ($152m). HHIC sai...
2010-02-05 06:23:54
‘Self Safety Check’? Useless [General]
The fatal accidents at shipyards in January that took lives of six workers while working at the yard sites of Hyundai Samho Heavy Industries, SLS Shipbuilding, and Daewoo Shipbuilding & Marine Engineering put the emergency alert on the safety managem...
2010-02-05 06:20:59
Korea beats China in new orders [Shipbuilding]
Korean shipbuilders, which have announced successive orders intake from the beginning of this year, held a whelming dominant position over Chinese rivals in order intake competition last month. According to Clarkson Research Services, Korean shipb...
2010-02-05 06:17:33
Shinan holds 3rd naming, eyes 5 delivery [Shipbuilding]
A newly-established Korean shipyard Shinan Heavy Industries held a naming ceremony for a 34,000-dwt bulker (H1003) on Jan. 20th ordered by a UAE shipping company Stellar Shipping and successfully delivered its third newbuilding. Company said at th...
2010-02-05 06:13:42
Japan ‘Cluster’, China ‘State aid’, and Korea … [General]
With the orders drought being protracted, Japanese industrial cluster between shipbuilders, shipowners and shippers based on solidified cooperation is much envied by Korean shipbuilding industry. As for China, the government is supporting its shi...
2010-02-05 06:07:28
China launches largest heavylifter [Shipbuilding]
A 10,000-dwt heavy lift cargo ship, built by China’s Taizhou Kouan Shipbuilding, was recently launched. The ship was designed to GL class and ordered by German shipowner, whose representative was also present in the ceremony. The ship is the...
2010-02-04 18:56:13
China strengthens ship financing [Finance]
Mr Mark Long, head of HSBC’s financial department, said that shipping enterprises were experiencing tough time due to Western banks’ tight policy on loans. Despite that the People’s Bank of China raised deposit-reserve ratio by 0.5% earlier,...
2010-02-04 18:20:07
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