Cheaper steel benefiting Chinese [Equipment]
China’s shipbuilders have gained a crucial price advantage over their Asian rivals, now producing steel plate at prices 19% lower than South Korea and 18% lower than Japan. “The price of steel is once again the most important reference point f...
2009-05-13 06:58:58
‘0’ new order in April [Shipbuilding]
Amid severe newbuilding orders drought since October last year, South Korean shipbuilders continued to receive no orders in April. According to data from Clarkson Research Services and industry sources, global new ship orders in April amounted to ...
2009-05-13 06:20:02
Daewoo holds Festival: ‘Into the World as Unity’ [General]
Daewoo Shipbuilding & Marine Engineering holds an event called ‘Into the World as Unity’ on May 17th at its Okpo shipyard in South Korea. At the function participate all of the staffs and employees of DSME and its collaborative enterprises inc...
2009-05-12 16:00:37
COSCO showing new semi-submersible ship [Offshore]
In spite of the outbreak of influenza A H1N1, the annual international Offshore Technology Exhibition (OTC) was grandly held in Huston, USA as expected from 4 to 7 May 2009. COSCO Shipping Company (COSCOL) and its business partner NMA continued t...
2009-05-12 13:18:45
Siba launches green shipbreaking venture [General]
Siba Ships chairman Mauro Balzarini launches a new “green” ship demolition venture that aims to combine environmental responsibility with the financial opportunity represented by cheap vessel prices. The newly constituted Green Recycling Initiati...
2009-05-12 13:12:49
Chinese yards brace for empty orderbook [Shipbuilding]
By way of contrast with the many deserted clothing and toy workshops used to produce goods for foreign clients, the shipyard in Jingjiang is a hive of activity as it prepares vessels for export. It does not imply the economy is on the mend but tha...
2009-05-12 13:02:52
USC gets controlling stake in Amur Shipbuilding [Finance]
The United Shipbuilding Corporation will receive 59% - a controlling stake previously owned by a group of private shareholders - in the Amur Shipbuilding Plant, the Russian premier told a shipbuilding meeting Monday. Prime Minister Vladimir Putin sai...
2009-05-12 12:54:51
Dry bulk shipping expects stable recovery [Shipping]
Last week brought back the smile on dry bulk ship owners’ faces, with the leading gauge of the market, the Dry Bulk Index (BDI) practically rallying to reach 2,214 points. While Monday proved a day for the market to “catch its breath”, the ...
2009-05-12 12:50:56
Samsung: Newbuilding orders coming soon [Shipbuilding]
Samsung will get Newbuilding orders near furture. Hanwha Securities on May 12th raised its target share price for Samsung Heavy Industries from existing KRW 30,000 to KRW 37,000 ($29.68), saying the shipbuilder is expected to post improved perf...
2009-05-12 11:59:51
Russian yards compete for a rescue vessel [Shipbuilding]
Four domestic yards are in the running for a Russian state tender to build a rescue and salvage vessel. The federal agency of the Russian sea and river fleet, Rosmorrechflotom, says the multipurpose unit will cost RUB 2.05bn ($63.47m). The Zelenod...
2009-05-12 08:00:22
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