Hyundai's debts jump in 2008 [Finance]
Some of South Korea’s leading chaebols involved in transport and shipbuilding are beginning to show worrying levels of debt, according to the Korea Stock Exchange. The South Korean bourse singled out the Hanjin Group, which owns Korean Air, Han...
2009-04-07 06:57:19
Sembcorp wins drilling rig order [Offshore]
Singapore rigbuilder Sembcorp Marine has clinched a $247.3m order from SeaDragon Offshore to build an ultra-deepwater, semi-submersible drilling rig with an option for a second unit. The company’s Jurong Shipyard is expected to start work on th...
2009-04-07 06:49:34
Catch Up Mega LNG-FPSO [Offshore]
Amid shipbuilding order drought, South Korean big three shipbuilders are fiercely competing to win the massive LNG-FPSO order to be placed by Royal Dutch Shell. It is attracting industry’s attention which shipyard will secure the mega project as...
2009-04-07 06:17:50
STX Europe’s new cruiseship design [Shipbuilding]
STX Europe recently revealed a new cruiseship design called ‘exTRAY’ of which all passenger quarters are of the first-class. All passenger rooms of the exTRAY ship design, disclosed at the Cruise Shipping Convention held in Miami, the US, are ...
2009-04-06 13:55:27
Welcome to Shanghai Expo [General]
Beijing had its "coming out" ceremony last year with the Olympics but its younger, and more vivacious sibling, Shanghai, is aiming to match the capital with its own grand entrance onto the world stage with the 2010 Expo. And it seems that ships, ship...
2009-04-06 07:47:39
Libya steps in to save Croatia yards [Shipbuilding]
An unlikely figure in the form of Libyan leader Moamer Gadafi is being hailed as a saviour of some Croatian shipyards. Work totalling hundreds of millions of dollars has been secured involving Zagreb-based project specialist Adria Mar, as well as ...
2009-04-06 07:42:35
Indian elections, trouble for ONGC [General]
The Indian elections are expected to compound recent delays in hiring offshore vessels and rigs for state-owned Oil & Natural Gas Corp (ONGC). Sources say that since the elections were announced, ONGC has held off issuing several tenders crucial t...
2009-04-06 07:38:26
EDT newbuilds delayed again [Offshore]
EDT Offshore's two platform-supply-vessel (PSV) newbuildings in Spain have been delayed by a further six months. Cyprus-based EDT's first unit from Astilleros de Sevilla is expected to hit the water in October, while the second has been passed ove...
2009-04-06 07:33:56
Samsung aims to be the top [Shipbuilding]
Samsung Heavy Industries is making a point of not following the crowd. Samsung Heavy Industries is striving to be the industry leader through its product development, advanced software systems and production efficiency. The Koje-based shipbuild...
2009-04-06 07:29:41
Korean face challenging [General]
South Korea is the world's leading shipbuilding nation, with a market share of 36% and an order backlog of 214 million dwt. According to London broker Clarkson, the country recorded its highest ever level of orders in 2007, with 1,216 newbuildings...
2009-04-06 07:20:57
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