CSIC enters Taiwan new energy biz [General]
China Shipbuilding Industry Co (CSIC), the country's largest shipbuilder, is seeking cooperation for development in the new energy and wind power industries in Taiwan, said Deputy General Manager and Chief Accountant Zhang Biyi, sources reported. ...
2009-12-29 14:29:12
Dry spell to continue [Shipbuilding]
South Korean shipbuilders have enjoyed a number of massive orders over the past two months, but it is still too early to say the sector is climbing up from the bottom, analysts said. According to London-based market researcher Clarkson Plc., South Ko...
2009-12-29 14:23:16
STX engine deal with Hyundai [Equipment]
South Korea’s STX Engine said Tuesday that it has signed a KRW 45bn ($38.4m) contract with Hyundai Heavy Industries to supply high-speed diesel engines. Under the deal, the engine maker will provide engines and decelerators for 3,000-dwt, 500-dw...
2009-12-29 13:36:27
STX targets $28bn orders [Finance]
South Korea’s STX Business Group said Tuesday that it has set its management target for 2010. It aims to achieve order intakes of KRW 33trn ($28.2bn), revenue of KRW 25trn and operating profit of KRW 1trn next year. The new order goal is up 106%...
2009-12-29 13:08:19
TTA scraps old bulker [Shipping]
Thoresen Thai Agencies has booked a modest profit after scrapping one of its ageing bulk carriers. Its 26,900-dwt Thor Commander (built 1984) was sold for scrap in a THB 80.56m ($2.43m) deal, a statement says. It added, “The sale is in line with...
2009-12-29 08:23:08
Sovcomflot $1bn IPO [Finance]
SCF Sovcomflot could net as much as $1bn next year from an IPO. The funds would come from the sale of a 25% stake of the company, local media reports. Sovcomflot has long planned a listing, either in London or Russia, but the project was shelved a...
2009-12-29 08:20:13
China iron ore find [Equipment]
Chinese steel industry officials will be using the discovery of large iron ore deposits to secure cheaper prices for overseas supplies, analysts claim. The eastern region of the northern province of Hebei may hold reserves of more than 10 billion...
2009-12-29 08:18:02
Diana on spending spree [Shipping]
Diana Shipping has kicked off its spending spree as it looks to take advantage of reduced ship prices, foreign media reports. It will pay $35.1m for the 76,400-dwt Theresa Hebei (built 2004), a statement says. Diana director Ioannis Zafirakis say...
2009-12-29 08:15:27
ClassNK error prevention guidelines [General]
Nippon Kaiji Kyokai (ClassNK) has announced a set of guidelines designed to prevent human errors on board a ship. Thus far, international rules have been in place to stem occurrence of on-board human errors, but ClassNK ventured to formulate meas...
2009-12-29 08:12:39
Scrap rates to fall in 2010 [General]
Shipbreakers in India, China and Bangladesh pulled out all the stops in the final days of 2009 to secure a string of deals at prices in the high $300s per ldt, foreign media reports. The surge in sales promises a healthy start to 2010 for the demo...
2009-12-29 07:35:30
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