GSI to revive expansion plan [General]
China State Shipbuilding Corp’s Guangzhou Shipyard International (GSI) could see the shipbuilder expand into existing CSSC shipyards at Longxue and Huangpu in southern China and may revive plans to take over Wenchong Shipbuilding as part of an expa...
2010-01-18 07:06:55
Owners’ tactics to keep ship prices low [Shipbuilding]
Increasing numbers of Greek shipowners have used aggressive, new tactics to successfully force cash-starved Asian shipyards to keep lowering newbuilding contract prices, as plummeting values make it economical to cancel an older contract outright at ...
2010-01-18 06:59:51
Daewoo boosted by Posco interest [Finance]
Daewoo Shipbuilding & Marine Engineering, the world’s third-largest shipyard, jumped the most in a week in Seoul trading after Posco said it may bid for the company. The steelmaker will “consider” an offer once the shipyard is put up for sa...
2010-01-18 06:56:46
DaeSun accepts order adjustments [Shipbuilding]
South Korea’s DaeSun Shipbuilding & Engineering seems to have made changes to four 25,000-dwt product/chemical tanker contracts ordered by Greek shipowner Cosmo. The ship type has reportedly been changed into containership and bulker with contra...
2010-01-18 06:36:04
Market breathes again [Shipbuilding]
Life is returning to newbuilding market as shipowners start to seek investment opportunities with new owners emerging in the market Amid plummeting newbuilding prices, the industry started to abruptly pick up since December last year but relativel...
2010-01-18 06:31:51
Samsung Be Top [Shipbuilding]
South Korea’s Samsung Heavy Industries ranked No. 1 shipbuilder around the world for the first time, surpassing compatriot Hyundai Heavy Industries. According to Clarkson Research Services statistics, Samsung’s newbuilding order backlog totale...
2010-01-18 06:24:10
Korean aim for $50bn new orders [Shipbuilding]
South Korean shipbuilders have set aggressive order targets this year, which are much higher than their actual order intakes last year. They aim to get nearly $50bn orders in total in 2010. ‘Big 3’, namely Hyundai Heavy Industries, Samsung Hea...
2010-01-18 06:17:38
COSL finishes upgrading single-hullers [Shipping]
MT Binghai606, the last single hull tanker owned by China Oilfield Services Limited (COSL), was converted to double hull/double bottom tanker recently. The vessel passed test and inspections in all aspects, which means COSL has finished the upgra...
2010-01-15 15:47:29
ExxonMobil to reveal PNG tender winner [Offshore]
A decision is expected this month from ExxonMobil on the choice of shipowners to provide existing tonnage for its Papua New Guinea-based LNG project, foreign media reports. As reported in November, currently Mitsui OSK Lines (MOL) of Japan and Den...
2010-01-15 15:12:22
Huge price gap for cape newbuilds [Shipbuilding]
Discounting by shipbuilders means a new capesize bulker could cost almost half the price of one booked in 2008. Another round of capesize orders on top of an already overloaded orderbook is in prospect but massive discounting by South Korean yard...
2010-01-15 15:03:57
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