Hyundai moors CMA CGM newbuilds [General]
A French shipowner CMA CGM is not taking delivery of some of the ships ordered at Hyundai Heavy Industries, which already have been constructed and paid off, due to a downturn of shipping market. For the shipowner having financial problems, six ou...
2010-01-25 07:20:22
Hyundai Mipo to deliver 65 ships [Shipbuilding]
Korean shipbuilder Hyundai Mipo Dockyard is expecting to deliver a total of 65 newbuildings this year, centering on MR product carriers, its main ship type. It will build 39 MR product tankers, seven pure car/truck carriers, four LPG carriers, fou...
2010-01-25 07:15:22
4-5 days off for Lunar New Year [General]
Korean major shipbuilding companies will take more days off than official rest days for the upcoming Lunar New Year holiday. Although legal holidays are Feb. 13th, 14th and 15th, they plan to take four to five days off for one of the largest holid...
2010-01-25 07:12:17
COSCO estimates BDI to hit 4,000 [Shipping]
China Ocean Shipping (Group) Company (COSCO) estimates the dry bulk shipping market will be better against last year, with Baltic Dry Index (BDI) rising as well. The group even expects BDI may dash for 4,000 points this year. Although the overcap...
2010-01-25 07:04:33
Hanjin cancels CMA CGM boxship [Finance]
Hanjin Heavy Industries & Construction (HHIC) cancelled a newbuilding contract for the first time among Korean giant shipbuilders this year. Hanjin said in a regulatory filing, "We did not receive the last installment (delivery payment) from the ...
2010-01-25 07:02:04
Hudong inks first order in 2010 [Shipbuilding]
On 20th January, China’s Hudong Zhonghua Shipbuilding (沪东中华造船) contracted with Chaozhou Yatai Shipping located in South China, to build two 76,000-dwt bulk carriers. It’s the first order intake Hudong gained in 2010....
2010-01-25 06:54:47
Daewoo to win offshore projects [Offshore]
It is expected that Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) will maintain the upward trend in order intake for a while. Gulping down a flood of orders at the end of 2009, the company has been outstanding in the newbuild...
2010-01-25 06:52:33
Petrobras to launch drillship tender [Offshore]
Korean shipbuilders are competing to win a massive offshore plant newbuilding tender in Brazil. Brazil’s state-run oil major Petrobras is said to be floating a newbuilding tender for 28 drillships soon. The prices of the newbuildings are esti...
2010-01-25 06:46:28
Cruise market focuses on Asia [Shipping]
“2009-2010 China Cruise Industry Development Report” was released by China Cruise and Yacht Industry Association on January 21st, in Shanghai, China. This is the second authorized report of cruise industry rolled out in China. The report po...
2010-01-22 17:22:24
China crowned No. 1 by orders [Shipbuilding]
Chinese shipyards seem to have snapped the No. 1 spot, beating Korean rivals in terms of new order intakes last year, which is the first time in China’s shipbuilding industry. China’s Ministry of Industry and Information Technology (MIIT) sai...
2010-01-22 16:56:27
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