Admiralty to win VLGC order [Shipbuilding]
Admiralty Shipyards and Sovcomflot plan to sign a contract for construction of a gas carrier with a capacity of 80,000cbm of gas, RBC cites Vladimir Aleksandrov, Director General of Admiralty Shipyards, as saying at a solemn ceremony dedicated to met...
2009-04-08 17:35:29
China builds world-class shipbuilding bases [Shipbuilding]
By 2011, the Yangtze River Delta, the Pearl River Delta and the Circum-Bohai Bay region will be built into three world-class shipbuilding bases in China, according to a recent development program for the country’s shipbuilding industry. In addition...
2009-04-08 17:27:36
Hyundai records best Performance: Q1 [Finance]
Hyundai Heavy Industries’ business results for the first quarter are expected to continue the growth momentum. Jo In-gab, Seoul-based Goodmorning Shinhan Securities analyst said in a report released on April 8th, “Hyundai Heavy’s non-shipbu...
2009-04-08 15:44:38
STX develops 400K VLOC [Shipbuilding]
STX Offshore & Shipbuilding (former-STX Shipbuilding) of South Korea recently signed a joint R&D agreement with Nippon Kaiji Kyokai (NK) for the development of the world’s first 400,000-dwt class VLOC. The ultra large ship type would be the worl...
2009-04-08 11:22:50
Stimulus plan to aid shipbuilders [Finance]
China’s shipbuilding industry may be about to get a bailout -- from its customers. The government may force state-owned shipping groups to buy more vessels as foreign carriers scrap orders, according to Steve Man, an HSBC Holdings Plc analyst in Ho...
2009-04-08 10:03:49
Gap in orders to limit tonnage supply: Long-term [General]
The lack of newbuilding orders worldwide has now reached more than six months, as shipowners have cut down their investments, while order cancellations keep on coming, even at the risk of painful lawsuits following. During the first quarter of 20...
2009-04-08 09:54:43
Shibuilders post contrasting in 2008 [Finance]
According to the accounts settlements of South Korean shipyards for the year ended in December 2008, three major Hyundai Heavy Industries (HHI), Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries posted increased revenues an...
2009-04-08 09:42:06
Still high: Bulkers [Shipping]
Prices of secondhand bulkers have plummeted to as low as half the level reached during the peak season around summer 2008 due to the slump in the dry market. With newbuildings now on order in a massive volume, it is almost impossible to expect ...
2009-04-08 09:38:27
Swan song [General]
The last cranes from the historic Swan Hunter shipyard have been loaded on to a heavy-lift ship in the UK, as the North Tyneside skyline loses its most distinctive feature. More than 1,600 vessels have been built at the Wallsend yard, but the rem...
2009-04-08 08:44:06
Petobras denies FPSO tender delay [Offshore]
Petobras does not see a potential delay in its tender for eight floating, production, storage and offloading units (FPSOs), a source in the company's press office said Monday. But the source acknowledged that negotiations are ongoing to receive be...
2009-04-08 07:36:44
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