BG in talks with Hudong-Zhonghua : LNG carrier [Shipbuilding]
BG Group has held talks with a Chinese shipyard that is pioneering the country's development of LNG carriers. The UK-listed energy company could be among the first non-Chinese companies to order an LNG newbuilding from Hudong-Zhonghua Shipbuilding. ...
2009-02-23 06:58:17
Daehan to win hot liquidity: KRW 70bn [Finance]
South Korea’s Daehan Shipbuilding which is undergoing work-out program seems to receive hot operating fund of KRW 70bn (USD 46.5m) soon and the normalization of the shipyard operation would be accelerated. Its management supervision body has agr...
2009-02-23 06:20:56
Koexim asked to support [Shipbuilding]
South Korean shipbuilders that are receiving requests from shipowners for delayed payment and change in contracts as the owners feel the pinch amid global financial crisis, asked the Export-Import Bank of Korea (Korea Eximbank) and the Korea Export I...
2009-02-23 06:15:43
Nam to be re-elected DSME president [General]
Nam Sang-tae looks certain to be reappointed president of Daewoo Shipbuilding & Marine Engineering (DSME). DSME board on February 20th announced that it plans to re-elect Mr. Nam president of the shipbuilding firm. His term of office expires in Ma...
2009-02-20 14:09:47
Wage freeze without nego: Hyundai union [General]
“Even the world’s biggest carmaker Toyota took a hit. Though we (Hyundai Heavy Industries) are the No. 1 shipbuilding firm in the world, if we do not take measures to weather the crisis, we could fail at once.” On February 18th, Oh Jong-shoi...
2009-02-20 11:54:16
Only four orders: Norwegian in 2009 [Shipbuilding]
Only four orders have been placed at Norwegian yards in 2009, and the order intake is still low, according to the yard association Norske Skipsverft. However, the total value of the industry’s order book is NOK 55 billion (EUR 6.3 billion). "It...
2009-02-20 11:15:29
Chinese steel market boost [Equipment]
It is reported that Chinese steel market is expected to be recovered soon in the second quarter, driven by the government 4 trillion investment plans. Mills restart production and many construction projects have been on their way. Steel market price ...
2009-02-20 11:11:34
Shipbuilders' plight hits Won hard [General]
Korean shipbuilders rank Nos. 1 to 3 in sales but they are also being buffeted by the global economic storm. Their plight has also hit Korea hard, an exports-driven country whose currency, the won, has lost a significant portion of its value agai...
2009-02-20 11:08:16
Korean lead ship mooring system [Equipment]
The Korean Agency for Technology and Standards said the United States, Japan, Britain and three other countries agreed to accept all 12 standards submitted by South Korean shipyards, including global leader Hyundai Heavy Industries. The standards,...
2009-02-20 11:02:30
Vale to cut iron ore price by 10% [Equipment]
Brazilian miner Companhia Vale do Rio Doce (RIO) is sticking to its late January offer of a 10% cut in 2009 iron ore contract prices, but Chinese steel mills are holding out for much steeper cuts, a senior industry official said Thursday. Vale is wil...
2009-02-20 10:57:01
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