Two Korean win Petrobras LNG-FPSO FEED [Offshore]
Two consortia have been given the go-ahead to start work on a large-scale LNG-FPSO. South Korea's Samsung Heavy Industries and Hyundai Heavy Industries have been paired as subcontractors with two of the consortia given the nod by Brazil's Petrobra...
2009-11-16 06:28:34
Cargo owners to drive new orders [Shipbuilding]
Shipping’s next wave of orders are likely to come more from the cargo owners, rather than independent shipowners. That’s the view from Tom Boardley, the recently installed marine director at British ship classification society, Lloyd’s Regis...
2009-11-16 06:23:30
Hyundai Mipo inks 36K bulkers [Shipbuilding]
International Shipholding Corporation of the United States on November 12th announced that it has entered into an agreement with Hyundai Mipo Dockyard of South Korea to purchase three 36,000-dwt double-hull dry bulk carriers with an option for a four...
2009-11-16 06:00:41
IP complete 60th PSPC gap analysis to China [Equipment]
International Paint have delivered their 60th training course aimed at bringing Chinese shipyards up to speed with the International Maritime Organization’s (IMO) new Performance Standard for Protective Coatings (PSPC) on commercial ships. The ...
2009-11-13 12:57:35
SLS‘ CEO arrested [General]
Changwon District Public Prosecutor’s Office in South Korea arrested Lee Yeocheol, vice president and CEO of SLS Shipbuilding, on Thursday on a charge of embezzling at least KRW 4.4bn won from establishing sub-contracted company by padding out work...
2009-11-13 12:42:37
Kumiai orders Capes [Finance]
A Japanese shipowner has made a rare move to do business with a South Korean shipbuilder. According to related industry officials, Kumiai Senpaku has placed an order with Sungdong Shipbuilding & Marine Engineering for a 180,000-dwt Capesize bulk...
2009-11-13 11:54:25
ISC buys three newbuilds. [Shipping]
International Shipholding Corp (ISC) said Thursday that it has bought a trio of newbuilding bulkers for a total delivered cost of $90m. The deal also gives the US shipowner an option for a fourth 36,000-dwt vessel at South Korea's Hyundai Mipo Do...
2009-11-13 11:33:59
Danaos converts orders [Shipping]
Danaos Corp could switch containership newbuildings to other sizes or even to bulkers. Chief executive John Coustas also said the company is preparing to raise new capital through by issuing equity or through some type of hybrid funding at Thursd...
2009-11-13 11:31:25
STX appoints new CEO [General]
STX Offshore & Shipbuilding has apoined Hong Kyungjin (pictured) to its new representative director. The shipbuilder on Nov 12th held a board meeting and the former chief financial officer, Hong Kyungjin, is now newly-elected representative direct...
2009-11-13 05:36:45
Suspicions of accounting fraud at SLS [General]
There are suspicions of accounting manipulation to inflate earnings at SLS Shipbuilding. SLS Shipbuilding acquired Shina Shipbuilding, a deficit struggling company, in 2006, and made 6 billion won profit in the first year and 98 billion won profi...
2009-11-13 05:35:21
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