Bharati buys 3% more in Great Offshore [Finance]
India’s private shipbuilder Bharati Shipyard Ltd upped the ante in the battle for Great Offshore Ltd, India’s largest integrated offshore services provider, by picking up an additional 3.01% stake, raising its holding to 22.48% and effectively bo...
2009-09-18 07:43:44
Korea-Japan plate price gap [Equipment]
Japanese steelmakers and major South Korean shipyards are believed to have settled on the price of about $600 per ton (on an FOB basis) for thick steel plates for shipment in the latter half of fiscal 2008 (October 2008-March 2009) in the negotiation...
2009-09-18 07:41:05
China Exim aids Vietnam yard expansion [Finance]
Vietnam has won a loan from China Eximbank to expand a state-owned shipyard. No details were provided in the government statement, but the cash will go towards building capacity at the Dung Quat shipyard, as well as constructing a coal-fired power...
2009-09-18 07:37:50
Samho wins 6 handymaxes [Shipbuilding]
According to market sources, South Korea’s Samho Shipbuilding has received an order for a maximum of six 32,000-dwt handymax bulkers from Greek shipowner Capital Ship Management for delivery in 2010 and 2011. The price of the vessels is not imme...
2009-09-18 07:29:39
Steel plate output 38% ↓: China [Equipment]
According to statistics from China Iron & Steel Association (CISA), China's steel plate output in the first seven months of the year dropped by 37.7% from a year earlier to 7.42m tons, with July production falling by 27.9% year-on-year. Outputs in...
2009-09-18 07:02:29
Back to 2004: Ship price [General]
Newbuilding prices have fallen to the level marked in 2004 when shipbuilding super-boom just started arising. Newbuilding Price Index for bulker, tanker and containership stood at 150 points, 165 points and 78 points respectively in August, down 3...
2009-09-18 06:56:11
BIP applies to list on KOSDAQ [Finance]
BIP Industries Co., Ltd., South Korea’s marine interiors manufacturer, has submitted application for KOSDAQ listing preliminary examination to Korea Exchange’s KOSDAQ Market division on September 17th. BIP specializes in ship cabin fireproof wall...
2009-09-17 15:14:36
Minority stake in Cochin to be sold [Finance]
India’s Shipping Ministry has supported a plan to privatize part of the state-run Cochin Shipyard, the largest shipbuilding and ship repairing company in the nation. It has approved a proposal by the Department of Economic Affairs (DEA) to sell ...
2009-09-17 11:51:14
Pipavav IPO fully subscribed in an hour [Finance]
Indian private sector shipbuilder Pipavav Shipyard's IPO has defied the economic gloom to raise more than $100m on its first day. The offering was over-subscribed by nearly three times and was sold out within an hour of opening. Investors order...
2009-09-17 11:41:18
STX targets $2bn in offshore orders [Offshore]
South Korea’s STX Offshore & Shipbuilding is aiming to more than double its offshore orders this year. YH Chung, the chief operating officer for offshore business at the yard group, said Wednesday that the company is targeting $2bn in orders in ...
2009-09-17 07:49:27
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