Palumbo eyes biggest shiprepairer [General]
The announcement last week that the Palumbo ship repair company of Naples is the preferred bidder for the Malta Shipyards Cottonera facility, could open the way to Palumbo becoming one of the biggest ship repair enterprises in the world. The Neapo...
2009-09-29 07:25:51
Legal dispute looms for KDB-Hanwha [General]
Hanwha Group and the Korea Development Bank will likely fall into a legal dispute over acquisition guarantee payments made on Daewoo Shipbuilding & Marine Engineering. Kim Seung-youn, chairman of Hanwha Group, said although the case regarding the ...
2009-09-29 07:21:56
Vale no comment on VLOCs [Shipbuilding]
A Vale spokeswoman declined to confirm yesterday whether the Brazilian miner is building very large ore carriers at Daewoo Shipbuilding & Marine Engineering of South Korea. Media reports say the company is behind an order for a quartet of 400,000-...
2009-09-29 07:13:33
Dearth of orders to continue [Shipbuilding]
Chinese shipyards could see new orders plummet by 50% over the next five years, the China Association of the National Shipbuilding Industry predicts (Cansi). Analysts also warned that the total orderbook at the country’s yards would continue to ...
2009-09-29 07:08:18
Majors discuss orders drought [Shipbuilding]
South Korea’s seven major shipbuilders’ chief executives have recently had a meeting to find the ways out of crisis situations. Bosses of large shipbuilding companies including Hyundai Heavy Industries president Choi Kil-seon, who is also the ...
2009-09-29 06:39:27
Koreans develop LNG tank technology [Offshore]
Korea Gas Corporation and the country’s big three shipbuilders, namely Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering, have jointly developed LNG storage tank system to be installed on LNG carriers, ...
2009-09-29 06:32:34
STX develops new cargo oil pump [Equipment]
South Korea’s STX Enpaco has developed cargo oil pumps, the core equipment to product and chemical tankers. The company announced Monday that the new product has passed type approval test of Korean Register of Shipping. Accordingly, STX Enpac...
2009-09-28 11:00:13
HHI and STX bid for Hyundai Corp [Finance]
Hyundai Heavy Industries (HHI) of South Korea has put in a second bid to snap up Hyundai Corp, the latter’s main shareholder Korea Exchange Bank said on September 25th. Compatriot shipbuilding and shipowning group STX Corp has also tabled an off...
2009-09-28 08:27:17
Japan shipbuilding lags behind [Shipbuilding]
Japanese shipbuilding is claimed to be secure but industry figures are showing a waning global presence. Shipbuilders Association of Japan (SAJ) head Takao Motoyama said with some confidence at a Tokyo gathering last week that while the world econ...
2009-09-28 07:20:54
Tanker rally around the corner [Shipping]
London broker ICAP Shipping says a tanker rally is just around the corner. Leading research analyst James Leake told a large group of Greek owners gathered at the Yacht Club of Greece in Athens that Chinese oil demand could rise faster than antici...
2009-09-28 07:17:26
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