Worry over Dubai debt [Finance]
Daewoo Shipbuilding & Marine Engineering led a drop among shipbuilders in Seoul trading on concerns Duba's bid to delay debt repayment may force banks to further cut financing of new vessels. Daewoo, the world's second-largest shipyard, dropped 9...
2009-12-01 07:12:02
PNG LNG needs 3 newbuildings [Offshore]
AP Moller-Maersk and Mitsui OSK Lines are said to be in the lead in a tender of up to five LNG carriers. The two shipowners are being tipped to walk off with long-term charter business for ExxonMobil's soon-to-be sanctioned PNG LNG project. Talk i...
2009-12-01 06:59:31
SinoPacific inks six gas carriers [Offshore]
Shipping group Jaccar Holdings has ordered six gas carrier newbuildings from China’s SinoPacific Shipbuilding to meet rising demand for the specialized ships in Europe. The order was the first of a batch of new gas carriers this year, giving shipbu...
2009-12-01 06:56:26
STX ranks first in new orders [General]
STX Offshore & Shipbuilding is forecast to rank first, for the first time, among South Korean shipbuilders in terms of new orders for ships this year. STX had placed second after Hyundai Heavy Industries last year in terms of order intakes for ves...
2009-12-01 06:32:20
Hyundai offshore orders grow [Offshore]
Last Thursday, Hyundai Heavy Industries announced business results for the period between January and October 2009. According to the announcement, order intakes in shipbuilding division plummeted 96% against a year earlier to $444m. New orders in ...
2009-11-30 14:14:52
Daewoo mulls China wind power plant [Equipment]
South Korea's Daewoo Shipbuilding & Marine Engineering said on last Friday that it was considering building a wind power equipment plant in China. Major shipbuilders are entering the fast-growing wind power industry, seeking new revenue sources to...
2009-11-30 11:40:53
Samsung Wins Cruiseship [Equipment]
South Korea’s Samsung Heavy Industries said Monday that it has been awarded the contract to build a 100,000-ton class cruiseship worth $1.1bn from US cruiseship owner Utopia. Cruiseship construction market had so far been monopolized by European...
2009-11-30 11:21:33
Orderbook: 8,000 mark broken ? [Shipbuilding]
As of November 1st 2009, the global newbuilding orderbook stood at 8,428 ships of 158.5m cgt and 501.8m dwt, the lowest level since July 2007 in vessel terms. Furthermore, the orderbook has fallen by around 20% since the start of the year. If the ...
2009-11-30 10:23:22
Italy yard job cuts loom [General]
Shipbuilding workers’ representatives said a hotly anticipated meeting with government officials had signally failed to come up with significant measures to ease the mounting pressure on the industry, foreign media reports. Even though governmen...
2009-11-30 07:15:57
Hellenic Shipyards sells for €1 ? [Finance]
The German steel-to-shipbuilding conglomerate ThyssenKrupp might sell its shipbuilding subsidiary Hellenic shipyards for a symbolic purchase price of €1 ($1.48), board member Olaf Berlien said. However, any buyer would have to cover a certain p...
2009-11-30 07:13:15
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