Cnina Steel wins plate order from CSBC [Equipment]
It is reported that China Steel Corporation (CSC) has secured an order from Taiwan's China Shipbuilding Corporation (CSBC). According to CSBC's calculation, they will need about 200,000 tonnes shipbuilding usage steel plate this year to run for p...
2009-03-03 07:12:13
GE trims orderbook [Shipbuilding]
Great Eastern (GE) Shipping, India’s largest private sector shipping company, is negotiating with shipyards to cut part of its orderbook of 10 ships worth about $600 million (Rs 3,000 crore) to overcome the downturn in the freight rate for dry bulk...
2009-03-03 07:06:49
Only nine: Newbuilding orders [Shipbuilding]
Orders for only nine ships were made in January worldwide, a meager six percent of last year's 151 ships, according to the global shipbuilding industry researcher Clarkson. Four went to South Korea and five to China, while shipbuilders in other r...
2009-03-03 07:00:26
Daewoo continues facilities investment [Shipbuilding]
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has recently completed the construction of its new ship-block factory. On February 27th, DSME held a ceremony for the completion of its No. 5 Assembly Factory of which construction ha...
2009-03-03 06:17:37
Hyundai union gives carte blanche to capital [General]
Hyundai Heavy Industries labor and management held a ceremony today for putting all wage matters under management’s charge for 2009. At the ceremony participated some 10 capital and labor representatives including HHI president Choi Kil-seon and...
2009-03-02 14:38:04
Dongkuk cuts again: $590 per ton [Equipment]
South Korea’s steel manufacturer, Dongkuk Steel Mill lowers the price for steel plate by KRW 240,000 ($153.75) per ton from KRW 1,160,000 ($743.11) to KRW 920,000 ($589.37) from Monday orders. It is the second time Dongkuk drops the steel price ...
2009-03-02 12:18:35
STX to push into marine equipment [Equipment]
South Korea’s STX Heavy Industries entered into Rudderpropeller (Azimuth Thruster) business for shipbuilding and offshore sector. STX HI recently signed a technical tie-up agreement with Germany’s Schottel, a leading ship propeller manufacture...
2009-03-02 11:32:31
Ulstein posts best! [Finance]
Ulstein Group praised a strong showing from its ship design unit as it posted its best financial results for nearly a decade. The Norwegian firm says its operating profit jumped 88% to NOK 364.4m ($51.1m) over the past 12 months while revenue shot...
2009-03-02 07:48:37
Eitzen negotiating for change in orders: Sasaki [Shipbuilding]
Eitzen Gas is "discussing a change" in a six-ship order at Sasaki Shipbuilding, parent Camillo Eitzen said Friday as it described a falloff in demand for such semi-refrigerated units. "The negotiations have not been finalized," the Norwegian owner...
2009-03-02 07:41:22
Supras set back at Cosco Zhoushan [Shipbuilding]
Cosco Zhoushan has again been stung by delivery delays after the arrival of three supramaxes was put back by up to eight months. The hold-up means at least 18 bulkers have been delayed at Cosco yards over the past three months. Singapore-listed Co...
2009-03-02 07:36:04
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