“The worst is over” [Shipbuilding]
Shipbuilding Industry is considered to be out of the worst situation. Clarksons resumed its second-hand ship price index release in 16 months after its interruption due to inactive transactions in the market. The British research center for marine...
2010-01-14 07:12:30
Dongkuk heat treatment furnace into ‘Hot Run’ [Equipment]
Dongkuk Steel took its first step to produce high value-added steel plates by conducting heating furnace test run at its Dangjin mill. Its phase-one normalizing heating process trial production was also conducted successfully. Dongkuk Steel is acc...
2010-01-14 06:44:21
Hanjin deploys new order overseas [General]
South Korea’s fifth largest shipbuilder Hanjin Heavy Industries & Construction (HHIC), which is cutting its workforce, has announced that it is to build two bulkers recently ordered by a Taiwanese shipowner at its Philippines unit HHIC-Phil. Thi...
2010-01-14 06:37:55
Zhoushan to build 42 fishing ships [Shipbuilding]
In 2009, the ocean fishing industry of Zhoushan city in China has severely weakened. The confidence, however, does not seem to have disappeared yet. Recently, a newbuilding project for 42 fishing ships during 2010 to 2011 was approved in the ...
2010-01-13 14:29:23
CSIC shakes hands with IMC [Shipping]
China Shipbuilding Industry Corporation (CSIC) recently held a signing ceremony with IMC Group of Singapore to establish a joint-stock shipping company. Before the ceremony, Mr Li Changyin who is Chairman of CISC had a meeting with IMC Group Chair...
2010-01-13 14:14:15
Hanjin's largest Philippine-built tanker [Shipbuilding]
Korean shipbuilder Hanjin Heavy Industries & Construction-Philippines unveiled last Friday the first and biggest crude oil tanker built in the Philippines during a naming ceremony at its compound at the Redondo Peninsula. The 114,000-dwt tanker wa...
2010-01-13 13:17:55
STX fleet expansion plan [Shipping]
STX Pan Ocean has set aside more than $200m to swell its fleet in a new year. The South Korean shipping company is in the market for six ships and is considering newbuildings, according to a statement to the Singapore Stock Exchange on Tuesday. ...
2010-01-13 08:13:14
ABG wins three cement carriers [Shipbuilding]
Precious Shipping of Thailand has formed a joint venture with India’s ABG group to build and own cement carriers, foreign media reports. The owner wants to win more business in India after clinching a charter for up to four newbuildings with Ul...
2010-01-13 08:09:20
STX gives up Azerbaijan yard project [Shipbuilding]
South Korea's STX Business Group has given up its planned investment and technical assistance in Azerbaijan's new shipyard construction project under the pressure of the global financial woes. Instead, Singapore's Keppel group has come forward to ta...
2010-01-13 08:05:50
Demolition yards expand in China [General]
Excessive tonnage in the global shipping market has revived ship recycling activities in China after the global downturn pushed the volume of vessels scrapped in the country to an all-time high last year, foreign media reports. The resurgence in ...
2010-01-13 08:00:26
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