Korea-China Sea Road open: STX Group [Shipbuilding]
STX Group launched a cooperative shipbuilding system between its STX Shipbuilding (Jinhae Shipyard) in South Korea and STX Dalian Shipbuilding Complex in China. STX on February 2nd announced that the ship blocks which had been constructed at the S...
2009-02-02 11:04:50
Goliath crane is leaving for Daewoo Mangalia [Equipment]
If all goes as planned, Goliath, the largest gantry crane in North America and a long-time Quincy landmark, will be shipped to Romania in less than two weeks. Crews at the former Fore River Shipyard are expecting to send the 328-foot-tall crane of...
2009-02-02 07:54:36
Beijing to unveil revitalization plan soon [Shipbuilding]
It is reported that China's shipbuilding industry's revitalization plan has been drafted following the release of support plan for auto industry and is to submit to the State Council for approval. One principal in Zhejiang Development and Reform Comm...
2009-02-02 07:46:31
Shipyards buying record amount of steel plate [Equipment]
Hyundai Heavy Industries Co., the world's largest shipbuilder, and two South Korean competitors will raise steel purchases by at least 11 percent to a record, bolstering Asian steelmakers reeling from the global recession. Hyundai, Samsung Heavy Indu...
2009-02-02 07:41:25
Shipbuilding witnessed massive growth in recent times [Shipbuilding]
The global shipbuilding industry has witnessed many crests & troughs in its growth story from the period spanning the 1960s. With the industry dominance shifting from the European to the Asian nations such as S. Korea, China and Japan, the industry h...
2009-02-02 07:35:07
Prices for shipbuilding steel plates falling in China [Equipment]
In Japan, price negotiations on thick steel plates for shipbuilding between shipyards and steelmakers appear to have been settled in autumn 2008 with the latter retracting demand for price markup. In China, however, prices of such steel seem to be go...
2009-02-02 07:30:11
Hanjin Shipping takes delivery of two 4,300-TEU boxships [Shipbuilding]
Hanjin Shipping of South Korea announced on Jan. 29 that the sixth and seventh 4,300-TEU containerships being built in 8-ship series by compatriot Samsung Heavy Industries have been delivered. The ships, the Hanjin Atlanta (right) and the Hanjin ...
2009-02-02 07:23:45
Baltic Dry Index posts eighth straight rise [Shipping]
Despite many analysts and brokers claiming that the Chinese Holidays would have a negative impact on the BDI (Baltic Dry Index), it managed to post yet another rise, the eighth in a row. It ended the session at 1036 points, up by another 22 points...
2009-02-02 07:21:49
Rowan cuts dividend and jackup newbuild program [Finance]
In a US Securities and Exchange Commission (SEC) filing, Rowan Companies, Inc. disclosed that it is to eliminate its $0.10 per quarter Common Stock cash dividend. It is suspending further construction of the third of four 240C class jack-up rigs a...
2009-02-02 07:17:10
Keppel faces Rowan rig order cancellation [Offshore]
Keppel Offshore and Marine is facing possible cancellation of a $195m jack-up rig order from Rowan Companies at its US yard. In a filing with US Securities and Exchange Commission, Rowan said that it might cancel one of the four jack-up rigs it order...
2009-02-02 07:11:17
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