ZESCO targets biggest repair complex [Shipping]
South Korea's Hanjin Shipping's ship repair base in China has officially opened since the first half of this year. Zhejiang Eastern Shipyard (ZESCO), a joint venture between Hanjin and Shunhe Shipping of China, located in Qushan Island of Zhejiang...
2009-09-15 06:39:20
Rongsheng orders hit world's top [Shipbuilding]
A high-ranking official from Jiangsu Rongsheng Heavy Industries, the largest private shipbuilding enterprise in China, said it has secured the largest volume of new orders on the planet so far this year and it will deliver up to 20 newbuildings this ...
2009-09-15 06:34:09
STX revamps group structure [Finance]
STX Business Group of South Korea seeks to enhance its competitive edge through a revamp of group structure. STX group said Monday in a regulatory filing that the holding company STX Corporation has bought STX Offshore & Shipbuilding-owned 20% sta...
2009-09-15 06:25:57
Hyundai wins $2.6bn plant order [Offshore]
Hyundai Heavy Industries said Tuesday it had won a $2.6bn order from the Ministry of Electricity and Water in Kuwait to construct a massive power plant, together with General Electric (GE) of the US. Under the deal, Hyundai will build Kuwait’s l...
2009-09-15 06:19:45
Ship design firm lists on CHASDAQ [Finance]
Shanghai Bestway Marine Engineering Design Co., Ltd., a Chinese leading privately-owned marine design and research company, was listed on CHASDAQ on September 13th. According to a prospectus on the website of China Securities Regulatory Commission (C...
2009-09-14 14:42:17
Austal wins four catamarans [Offshore]
Austal has inked a newbuilding contract from Trinidad and Tobago for a series of four 41-meter catamarans in a deal worth AUD75m ($64.3m). Construction of the four ferries will be shared across Austal’s Tasmanian and Western Australian shipyards...
2009-09-14 13:58:05
SLS’ cancelled MR tankers unsold [Shipbuilding]
Foreign media reported Chinese bunker player Brightoil Petroleum has bought two MR tanker resales at South Korea’s SLS Shipbuilding. Reportedly, it has paid $33m each for hull No. 511 and 512 both 51,000-dwt, IMO III ships which are set to be deli...
2009-09-14 13:46:30
'Dapeng Sun' repair finished [General]
China's first LNG newbuilding, the 147,000-cbm Dapeng Sun (built 2008), is trading again after the completion of a long and complex repair job. Electronic data shows the vessel calling at Dampier in Australia last week, where it is understood to b...
2009-09-14 07:23:38
Hanjin continues expansion [General]
South Korean shipbuilder Hanjin Heavy Industries & Construction is pressing ahead with a second yard in the Philippines after delays caused by the financial crisis. The $2bn shipyard complex at the Philippine Veterans Industrial Development Corp (...
2009-09-14 07:20:06
Design of "Cleaner Bulker" [Shipbuilding]
Oshima Shipbuilding said on September 10th that it has almost completed a design for a new Panamax bulker model that can meet a targeted 30% reduction in greenhouse gas emissions. The company has been working on the design since 2008. Oshima also ...
2009-09-14 07:17:47
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