Newbuilding order downtrend [Shipbuilding]
Shipbuilding slump has come in earnest as both the volume of newbuilding orders and the ship prices declined together for the first time in as much as 33 months. According to the data released by Clarkson Research Services of the UK, the total shi...
2008-10-27 17:55:08
Strengthened restrictions on pollutants from ships [General]
Ministry of Land, Transport and Maritime Affairs (MLTM) of South Korea said recently that regulations on contaminants emitted from ships including oxides of sulfur and nitrogen will be tightened up from July 2010 according to the IMO meeting held in ...
2008-10-27 12:43:01
PNG LNG project planning to secure four LNG ships [Shipbuilding]
Papua New Guinea’s LNG export project led by ExxonMobil seems to commence its exportation in 2014. Maximum four ultra large LNG ships of 210,000 cbm, called Qatar•Flex, seems likely to be supplied for this. According to overseas report,...
2008-10-27 12:21:20
Mitsui's downgraded expected profit [Shipbuilding]
On Oct 24, Mitsui Engineering & Shipbuilding Co.,Ltd. announced its expected result of the account settled for March term in 2009 after correcting in mid-term. Ordinary income in mid-term was corrected into JPY 4.3bn, which was reduced by 28.3% in...
2008-10-27 11:57:32
Kawasaki Heavy expands side thruster production [Equipment]
Japan’s Kawasaki Heavy Industries (KHI) is enlarging its output of marine side thrusters. The company’s annual output of side thrusters increased to 900 units from 500 two years ago, including the output of its plant in China. Furthermore, ...
2008-10-27 11:43:19
China’s largest shipbuilding base to be built in Dalian [Equipment]
One of the largest shipbuilders in China, Dalian Shipbuilding Industry Co. (DSIC), has decided to move its facilities to Changxing Island in Dalian. According to local media reports, DSIC has signed on the project regarding the moving of its plant...
2008-10-27 09:29:15
Newbuilding markets freeze for a while [Shipbuilding]
As advanced counties’ object-economy gradually worsened in the aftermath of the financial crisis, Chinese economy, which has been leading the world shipping market, will be weakening as well because the country’s export has been dependent on Euro...
2008-10-27 07:10:18
Hyundai Mipo keen on new ships [Shipbuilding]
Hyundai Mipo Dockyard recently announced it held a steel cutting ceremony in its shipblock factory for the first ship among the four 10,900-dwt car carriers ordered from the Netherlands’ VROON. The vessel is scheduled for block assembly in mid-M...
2008-10-27 07:09:12
Waertsilae says scrapped ship orders to clip 10% [Equipment]
Waertsilae Oyj, whose engines power one in three of the world's ships, said its order book may shrink by as much as 10 percent through 2010 as the shipbuilding market slows and freight companies cancel plans for new vessels. "The party is over," Chie...
2008-10-26 10:31:13
Huarun Dadong is building its fifth dry dock [Shipbuilding]
Huarun Dadong Dockyard, Chinese government-owned shiprepair yard, has decided to expand its capacity by construction of a 300,000-dwt dry dock at its Chongming Island facility, situating at the mouth of the Yangtze River. Commercial director CB Zhang...
2008-10-24 19:27:39
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