BDI likely to hit 2009 high [General]
All eyes are on the Baltic Exchange to see if the Dry Index posts a record high for the year. Strong Chinese demand for iron ore and coal, growing port congestion in China and Australia and tight ship availability have helped drive a rally in rece...
2009-11-17 06:56:11
KDB to pick Daewoo sale adviser [Finance]
The main creditor of Daewoo Shipbuilding & Marine Engineering, the world’s second largest shipbuilder, is planning to resume the sale of the yard in 2010 after selecting an adviser for the sale within this year, its chief said. "We want to sell...
2009-11-17 06:53:29
Vinashin to issue state guaranteed bonds [Finance]
Vietnam Shipbuilding Industry Group (Vinashin) has been allowed to issue government-guaranteed bonds to raise VND3 trillion (US$168 million) for two of its subsidiaries. Under a government decision, the sale of notes with maturities of between fiv...
2009-11-17 06:51:09
Jiangnan wins 76K BC's [Shipbuilding]
Chinese shipping giant China Shipping Development has placed a Yuan445m ($65.4m) order at CSSC Jiangnan Heavy Industry, part of China’s largest state owned yard group, China State Shipbuilding Corp, to build two 76,000-dwt panamax vessels. Analysts...
2009-11-17 06:48:25
Daewoo back into black [Finance]
High value-added offshore vessel orders and the falling price of steel helped Daewoo Shipbuilding & Marine Engineering (DMSE) into the black in the third quarter. The South Korean shipbuilder turned around a loss of KRW 84.9bn ($73.5m) in last yea...
2009-11-17 06:44:28
Samsung targets cruiseship [Equipment]
South Korea’s Samsung Heavy Industries vice-president Park Jung-heum said at a strategy seminar held in Coex, Seoul on November 13th, “We will secure a cruiseship newbuilding order within next three years and deliver it around 2015. We will make ...
2009-11-17 06:20:21
‘Win-Win’ story [Finance]
While South Korean government is seeking to provide liquidity to the country’s shipping and shipbuilding industries, private sector banks also took a flexible financing policy for the industry players. Recently, Changmyung Shipping (CM Shipping)...
2009-11-17 06:15:28
Hybrid quay wall for gigantic boxships [Equipment]
A new concept ‘Hybrid Quay-Wall’ has been developed in South Korea, which is movable within a sea port area and can reduce cargo handling time and cost through both-side cargo-working in cooperation with on-land quay wall. The up-to-date float...
2009-11-16 13:51:43
CSIC to launch Shanghai IPO [Finance]
China Shipbuilding Industry Co, the country's second-largest shipbuilder, is expected to launch an initial public offering (IPO) on the Shanghai Stock Exchange in the first half of 2010, said Li Changyin, general manager of the firm's parent, China S...
2009-11-16 13:10:31
China may occupy 50% of global orderbook [Shipbuilding]
On the back of strong government support and low cost of production, China has emerged as a leading country in shipbuilding, says RNCOS. RNCOS in its recent research report “China Shipbuilding Industry Forecast” said that China has become a le...
2009-11-16 11:46:52
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